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.

Comments are provided by Facebook, please ensure you are signed in here to see them

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...

Read More

Charles Yerkes

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

Read More

Other Subjects

Private John William Banner

Private John William Banner

John William Banner was born on 11 September 1880 at 49 Tyneside Terrace, Elswick, Newcastle-On-Tyne, Northumberland, the eldest of the four children of Charles Banner (1845-1918) and Margaret Ann ...

Person, Transport, France

War dead, WW1
1 memorial
Kingsway tram tunnel / Strand underpass

Kingsway tram tunnel / Strand underpass

The title of Wikipedia's page "Kingsway tramway subway" has way too many 'way's, but the page is very informative. The tunnel was constructed 1906, enabled by the 'slum clearance' project in the A...

Building, Transport

1 memorial
Conservators of the River Thames / Thames Conservancy

Conservators of the River Thames / Thames Conservancy

Came into being as a result of the Thames Conservancy Act,1857. Completed the building of Teddington Lock. Lost some of its responsibilities in 1909 to the Port of London Authority and in 1974 the ...

Group, Engineering, Gardens / Agriculture, Transport

3 memorials
Finchley Road

Finchley Road

This highway was constructed in 1835 as an alternative by-pass route to the old road from London to the north, which took the gruelling haul up through the congested streets of Hampstead.

Place, Engineering, Transport

1 memorial
Dick Whitwell

Dick Whitwell

A lifelong professional railwayman who within the Thameslink project team helped transform rail travel through the heart of central London.

Person, Transport

1 memorial