Manchester, Sheffield and Lincolnshire Railway

The MS&LR soon ran short of money, and a loan of £250,000 had to be negotiated; deliveries of locomotives were slowed, as were certain infrastructure improvements; the stations at Dog Lane, Hazlehead, Oxspring and Thurgoland were closed to passenger traffic as from 1 November 1847. One new station was provided, at Dinting, at the Glossop branch junction. The original Dinting station was closed after an interval. In its first year of operation, the MS&LR had paid a 5% dividend on ordinary stock. This fell to 2+1⁄2% for the first half of 1848, since when there were no further payments for six years.

Progress continued on building the line between Grimsby and New Holland. The Grimsby-Louth line of the East Lincolnshire Railway (now leased to the Great Northern Railway) was nearing completion too, and both lines opened on 1 March 1848. There was a through train service between New Holland and Louth, operated equally by both companies. A pier 1,500 feet (460 m) in length had been provided at New Holland, which was the terminal of a ferry service to Hull. It was promised that "the rails of the New Holland line will be continued to the extremity of the pier".

Next opening was from a junction at Ulceby (about halfway between New Holland and Grimsby) to Brigg, and a second arm of that line to Market Rasen. These sections opened on 1 November 1848.

Notwithstanding the difficult financial conditions, the MS&LR network as originally planned was completed during 1849, except for the new station at Sheffield (still under construction), the Leverton branch (as the Sheffield and Lincolnshire Extension Railway was now called) and certain dock works at Grimsby. There was an impressive succession of openings: the Barnetby-Lincoln line was opened on 1 February 1849, and the section from Sheffield to Beighton, where a junction was made with the Midland Railway, was opened on 12 February 1849. MS&LR passenger trains ran through to Eckington on the Midland Railway from Beighton. A triangular junction was formed at New Holland, leading to a branch to Barton on Humber, opened on 1 March 1849. On 2 April 1849 the section between Brigg and Gainsborough was opened. There was a triangular junction at Ulceby: the eastern side of the triangle had been in use since before July 1848.

The final link, from Woodhouse junction, on the Sheffield-Beighton junction section, to Gainsborough, was formally opened on 16 July 1849. A special train conveying the Directors ran from Liverpool to Grimsby in five hours. The line was opened to the public the following day, 17 July 1849.

There were two stations at Stalybridge: the former SA&MR station and one belonging to the Lancashire and Yorkshire Railway (L&YR). The companies agreed to rationalise, with the MS&LR station handling all passenger business, and the L&YR all the goods business. The necessary junctions between the two routes at Stalybridge were ready on 1 July 1849, and on 1 August two new junctions with the London and North Western Railway (LNWR) were brought into use as well, end-on at Stalybridge with the new line from Huddersfield, and at Guide Bridge station, with the line from Heaton Norris.

At the end of 1849, the MS&LR network amounted to 159 miles, with an additional 110 miles of canal.

Establishment of the Cheshire Lines Committee

The Great Northern Railway (Cheshire Lines) Act 1863 (26 & 27 Vict. c. cxlvii) allowed the GNR and the MS&LR to regulate traffic on lines built, or proposed to be built in the Cheshire area. The Midland Railway was something of a latecomer to the area and became a natural ally of the MS&LR and the GNR locally, and was admitted to the controlling group.

The Cheshire Lines Transfer Act 1865 (28 & 29 Vict. c. cccxxvii) of 5 July 1865 therefore allowed the Midland Railway to join in the committee which it did in 1866. The Cheshire Lines Act 1867 (30 & 31 Vict. c. ccvii) of 15 August 1867 named the resultant group as the Cheshire Lines Committee (CLC) and gave it complete autonomy.

The constituent companies absorbed by the committee were;

The Stockport and Woodley Junction Railway;

The Stockport, Timperley and Altrincham Junction Railway;

The West Cheshire Railway;

The Cheshire Midland Railway;

The Garston and Liverpool Railway.

The powers of the Liverpool Central Station Railway were acquired on 30 July 1866.

Smith and Anderson describe the rolling stock:

Initially the CLC hired carriages and wagons from the owning partners, but soon purchased its own rolling stock. By the grouping of 1923 it had nearly 600 coaches and over 4,000 goods vehicles on its books. Many of the former were used on Liverpool-Manchester expresses and they exuded luxury. Handsome composites built by the Lancaster Carriage & Wagon Company had first class compartments lined in mahogany and upholstered with green or brown velvet, whilst the exceptionally fine coaches supplied by Great Central workshops (in 1914) featured first class accommodation finished in walnut and sycamore with fittings of oxidised copper and deep blue cloth seats. Such opulence was understandable in view of the popularity of the CLC service, but this was only possible because of the extension to Liverpool Central.