"The rage for railroads is so great that many will be laid in parts where they will not pay"
About this Quote
The restraint of “many will be laid” does quiet work. It sidesteps moral panic and instead frames overbuilding as a mechanical outcome of collective enthusiasm. Stephenson doesn’t need to name villains; the subtext is that investors, politicians, and civic boosters can all be rational individually and still produce irrational systems. Railways promise modernity, jobs, prestige, and national power, so the cost-benefit math gets dressed up as destiny.
Context sharpens the cynicism. In Stephenson’s lifetime Britain experienced repeated railway manias, with speculative capital chasing lines that looked good on maps and prospectuses. The “will not pay” clause is blunt Victorian accounting, but it also hints at a deeper asymmetry: tracks, once laid, rewire land values and settlement patterns even when they fail financially. He’s anticipating a familiar pattern of tech booms - the internet, crypto, AI infrastructure - where the first wave builds too much, in the wrong places, for the wrong reasons. The critique isn’t anti-rail; it’s anti-fetish. Build because it works, not because it’s the era’s favorite story.
Quote Details
| Topic | Investment |
|---|---|
| Source | Later attribution: George Stephenson (Hunter Davies, 2004) modern compilationISBN: 9780752495439 · ID: Grc7AwAAQBAJ
Evidence:
... STEPHENSON In a letter to Joseph Sandars in December 1824 , George comes back to the same theme . ' The rage for railroads is so great that many will be laid in parts where they will not pay . ' The rage turned out to be very small ... |
| Cite |
Citation Formats
APA Style (7th ed.)
Stephenson, George. (2026, February 17). The rage for railroads is so great that many will be laid in parts where they will not pay. FixQuotes. https://fixquotes.com/quotes/the-rage-for-railroads-is-so-great-that-many-will-11519/
Chicago Style
Stephenson, George. "The rage for railroads is so great that many will be laid in parts where they will not pay." FixQuotes. February 17, 2026. https://fixquotes.com/quotes/the-rage-for-railroads-is-so-great-that-many-will-11519/.
MLA Style (9th ed.)
"The rage for railroads is so great that many will be laid in parts where they will not pay." FixQuotes, 17 Feb. 2026, https://fixquotes.com/quotes/the-rage-for-railroads-is-so-great-that-many-will-11519/. Accessed 18 Feb. 2026.


