It will be observed that Mr. Sandars had held to his original purpose with great determination and perseverance, and he gradually succeeded in enlisting on his side an increasing number of influential merchants and manufacturers both at Liverpool and Manchester. Early in 1824 he published a pamphlet, in which he strongly urged the great losses and interruptions to the trade of the district by the delays in the forwarding of merchandise; and in the same year he had a Public Declaration drawn up, and signed by upward of 150 of the principal merchants of Liverpool, setting forth that they considered "the present establishments for the transport of goods quite inadequate, and that a new line of conveyance has become absolutely necessary to conduct the increasing trade of the country with speed, certainty, and economy."

A public meeting was then held to consider the best plan to be adopted, and resolutions were passed in favor of a railroad. A committee was appointed to take the necessary measures; but, as if reluctant to enter upon their arduous struggle with the "vested interests," they first waited on Mr. Bradshaw, the Duke of Bridgewater's canal agent, in the hope of persuading him to increase the means of conveyance, as well as to reduce the charges; but they were met by an unqualified refusal. He would not improve the existing means of conveyance; he would have nothing to do with the proposed railway; and, if persevered in, he would oppose it with all his power. The canal proprietors, confident in their imagined security, ridiculed the proposed railway as a chimera. It had been spoken about years before, and nothing had come of it then; it would be the same now.

In order to form a better opinion as to the practicability of the railroad, a deputation of gentlemen interested in the project proceeded to Killingworth to inspect the engines which had been so long in use there. They first went to Darlington, where they found the works of the Stockton line in progress, though still unfinished. Proceeding next to Killingworth with George Stephenson, they there witnessed the performances of his locomotive engines. The result of their visit was, on the whole, so satisfactory, that on their return to Liverpool it was determined to form a company of the proprietors for the construction of a double line of railway between Liverpool and Manchester.

The original promoters of the undertaking included men of the highest standing and local influence in Liverpool and Manchester, with Charles Lawrence as chairman, Lister Ellis, Robert Gladstone, John Moss, and Joseph Sandars as deputy chairmen; while among the ordinary members of the committee were Robert Benson, James Cropper, John Ewart, Wellwood Maxwell, and William Rathbone, of Liverpool, and the brothers Birley, Peter Ewart, William Garnett, John Kennedy, and William Potter, of Manchester.

The committee also included another important name—that of Henry Booth, then a corn-merchant of Liverpool, and afterward the secretary and manager of the Liverpool and Manchester Railway. Mr. Booth was a man of admirable business qualities, sagacious and far-seeing, shrewd and practical, of considerable literary ability, and he also possessed a knowledge of mechanics, which afterward proved of the greatest value to the railway interest; for to him we owe the suggestion of the multitubular boiler in the form in which it has since been employed upon all railways, and the coupling-screw, as well as other important mechanical appliances which have come into general use.

The first prospectus, issued in October, 1824, set forth in clear and vigorous language the objects of the company, the urgent need of additional means of communication between Liverpool and Manchester, and the advantages offered by the railway over all other proposed expedients. It was shown that the water-carriers not only exacted the most arbitrary terms from the public, but were positively unable to carry the traffic requiring accommodation. Against the indefinite continuance or recurrence of those evils, said the prospectus, the public have but one security: "It is competition that is wanted; and the proof of this assertion may be adduced from the fact that shares in the Old Quay Navigation, of which the original cost was £70, have been sold as high as £1250 each!" The advantages of the railway over the canals for the carriage of coals was also urged, and it was stated that the charge for transit would be very materially reduced.

"In the present state of trade and of commercial enterprise (the prospectus proceeded), dispatch is no less essential than economy. Merchandise is frequently brought across the Atlantic from New York to Liverpool in twenty-one days, while, owing to the various causes of delay above enumerated, goods have in some instances been longer on their passage from Liverpool to Manchester. But this reproach must not be perpetual. The advancement in mechanical science renders it unnecessary—the good sense of the community makes it impossible. Let it not, however, be imagined that, were England to be tardy, other countries would pause in the march of improvement. Application has been made, on behalf of the Emperor of Russia, for models of the locomotive engine; and other of the Continental governments have been duly apprised of the important schemes for the facilitating of inland traffic, now under discussion by the British public. In the United States of America, also, they are fully alive to the important results to be anticipated from the introduction of railroads; a gentleman from the United States having recently arrived in Liverpool, with whom it is a principal object to collect the necessary information in order to the establishment of a railway to connect the great rivers Potomac and Ohio."

It will be observed that the principal, indeed almost the sole, object contemplated by the projectors of the undertaking was the improved carriage of merchandise and coal, and that the conveyance of passengers was scarcely calculated on, the only paragraph in the prospectus relating to the subject being the following: "Moreover, as a cheap and expeditious means of conveyance for travelers, the railway holds out the fair prospect of a public accommodation, the magnitude and importance of which can not be immediately ascertained." The estimated expense of forming the line was set down at £400,000—a sum which was eventually found quite inadequate. The subscription list, when opened, was filled up without difficulty.