Novel Notice to Defaulting Shareholders
In the early days of railway enterprise there was often much difficulty in obtaining the punctual payment of calls from the shareholders. The Leicester and Swannington line was thus troubled. The Secretary, adopting a rather novel way to collect the calls, wrote to the defaulters:—“I am therefore necessitated to inform you, that unless the sum of £2 is paid on or before the 22nd instant, your name will be furnished to one of the principal and most pressing creditors of the company.” The missives of the Secretary generally had the desired effect.