Person    | Male  Born 25/6/1837  Died 29/12/1905

Charles Tyson Yerkes

Categories: Transport

Countries: USA

First things first - pronounce his name to rhyme to with turkeys. He has a claim to having created London Transport.

Born Philadelphia. The memorial describes him as 'creative' and 'imaginative' but he seems quite an unpleasant businessman - on-line biographies use words such as 'ruthless' and 'disreputable'.

Began his business career in grain brokerage, then moved into banking. The 1871 Great Chicago Fire brought him financial ruin and accusations of embezzlement or larceny, an attempt at bribery and 7 months in prison. But within 10 years he was wealthy again. In 1881 he divorced, married a new wife and moved to Chicago where he gradually bought up most of the transit companies. In 1899 he effectively cashed in his holdings and moved to New York.

1898 he was in London buying up the District Railway and financing its electrification. He formed the Metropolitan District Electric Traction Company and through this he pushed through the acquisition, construction and electrification of many of the tube lines that became those we know and love today, including the Charing Cross Euston & Hampstead Railway company, the Baker Street and Waterloo Railway, and the Brompton and Piccadilly tube. He also acquired the tramway system and electrified it.

Died New York, with his estate greatly reduced by many debts.

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This section lists the memorials where the subject on this page is commemorated:
Charles Tyson Yerkes

Commemorated ati

Chalk Farm Station

The plaque mentions the Charing Cross, Edgware & Hampstead Railway. We be...

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Charles Yerkes

{On the panel below the portrait:} Northern line founder Charles Tyson Yerkes...

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Canal & River Trust

Canal & River Trust

From their website: "We're the charity who look after and bring to life 2,000 miles of waterways, because we believe that life is better by water." Canal & River Trust took over the guardiansh...

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Serjeant William Stuart Lock Maxwell

Serjeant William Stuart Lock Maxwell

William Stuart Lock Maxwell was born in Brixton, one of the six children of William Henry Maxwell (1864-1938) and Agnes Sarah Maxwell née Lock (1864-1953). His birth was registered in 4th quarter o...

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Battersea Bridge

Battersea Bridge

In 1771 a ferry was replaced with a wooden toll bridge designed (badly, apparently) by Henry Holland - shown in our image. The replacement bridge was begun in 1887 and opened in 1890.

Building, Transport

1 memorial
Charing Cross Railway Company

Charing Cross Railway Company

IanVisits has reprinted an article from the Illustrated London News about the building of the railway from London Bridge to Charing Cross. The company was formed by the South Eastern Railway Compa...

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2 memorials