Ald. George Hudson
(1800-1871)

Died aged c. 71

George Hudson (probably 10 March 1800 – 14 December 1871) was an English railway financier and politician who, because he controlled a significant part of the railway network in the 1840s, became known as "The Railway King"—a title conferred on him by Sydney Smith in 1844. Hudson played a significant role in linking London to Edinburgh by rail, carrying out the first major merging of railway companies (the Midland Railway) and developing his home city of York into a major railway junction. He also represented Sunderland in the House of Commons. Hudson's success was built on dubious financial practices and he frequently paid shareholders out of capital rather than money the company had earned. Eventually in 1849, a series of enquiries, launched by the railways he was chairman of, exposed his methods, although many leading the enquiries had benefited from and approved of Hudson's methods when it suited them. Hudson fell a long way, becoming bankrupt, and after losing his Sunderland seat he was forced to live abroad to avoid arrest for debt, returning only when imprisonment for debt was abolished in 1870. Hudson's name is associated with financial wrongdoing, although others were at least partially guilty of similar practices. He never named any of his co-conspirators, although many of them turned their backs on him when the bubble burst.

DbPedia

Wikidata Wikipedia