Financial Strife


Despite the popularity of the Cork to Queenstown and Youghal line, by the mid-1860s, the C&YR Company found itself in financial strife once more.

David Lewis, the Company's primary shareholder, had expended large amounts of money in the purchase of a riverboat steamer which he intended to operate on the Blackwater, as well as buying the town of Youghal from the Duke of Devonshire in an attempt to develop it into the "Brighton of Ireland".
When Lewis was declared bankrupt for the third time in April 1865, his assets were liquidated and the C&YR Company was obliged to sell to the Great Southern and Western Railway for a mere £310,000 in June 1866.

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