Magdeburg–Halberstadt Railway Company
This article relies largely or entirely on a single source. (March 2018) |
The Magdeburg–Halberstadt Railway Company (German: Magdeburg-Halberstädter Eisenbahngesellschaft, MHE) was a railway in Prussia. It was nationalized in 1879.
History
The Magdeburg-Halberstadt Railway Company received a concession on 14 January 1842 from the Prussian government to build the 58 km long railway line from Magdeburg–Oschersleben–Halberstadt line, which opened on 15 July 1843. Under a treaty between Prussia and the Kingdom of Hanover, it had already secured the right to continue the line to Brunswick and Hanover. The MHE was one of the most profitable German private railways, and two-digit dividends were the rule in the 1860s; it even paid dividends to its shareholders of over 20 percent at times.
The expansion phase of the railway began in 1863 when—at first as a defence against growing competition—it acquired the adjacent lines of the
In 1870, the MHE together with the
In 1873, the MHE opened the
In December 1879 the Magdeburg-Halberstadt Railway Company was acquired by the Prussian state after shareholders had approved the takeover bid with the necessary two-thirds majority (13,140 to 6,441 votes).
See also
- Adolph von Hansemann, who directed the construction of the Berlin–Lehrte railway
References
- Klee, Wolfgang (1982). Preußische Eisenbahngeschichte (Prussian Railway History) (in German). Stuttgart: Kohlhammer Edition Eisenbahn. ISBN 3-17-007466-0.