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Glasgow, first dividend
it paid none for six half years. After this, however, it steadily
progressed, till its dividend was over eleven per cent. At the end of
1894 there were in operation 32 miles of double rails, 300 cars, 3,600
horses, and 1,800 men. Forty-three million passengers a year were
carried, and the revenue was a quarter of a million sterling.
Then the Corporation stepped in. Seven years earlier the company, with
the end of the lease looming before it, had sought Parliamentary powers
to extend its business by carriage-hiring, contracting and the like, but
was induced to drop the project by the Corporation's promise to
negotiate for prolonging the lease. But in 1891 the city resolved to
municipalise the tramways, and in due course this was done. Mr. Duncan,
nevertheless, found new resources. He obtained powers to include cab and
carriage hiring, undertaking, and other work in the business, was
himself appointed managing director in 1894, and forthwith launched the
enterprise upon a new career. He extended the business to Edinburgh,
Leith, Greenock, Ayr, and other places, and developed the undertaking
five-fold. In 1901 the company had 1,800 horses and nearly 1,400 men.
In 1892, when the Corporation had decided to terminate the tramways
lease, Mr. Duncan was, at the hands of the servants of the company,
presented with by Sir George Reid, P.R.S.A. He died suddenly at his
residence, Thornbank, Pollokshields, on 20th August, 1908, and was
survived by a wife and a grown-up family.
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