The story
The United Swiss Railways were established on 1 May 1857 by the merger of three railway companies, all of which were in financial difficulties:
The Sankt Gallisch-Appenzellische Eisenbahn (St. Gallen-Appenzell Railway; SGAE) opened the Winterthur–Wil–St. Gallen–Rorschach railway between 15 October 1855 and 25 October 1856. The construction of the line required the building a number of important bridges. The final sections planned lacked funding.
The Schweizerische Südostbahn (Swiss Southeast Railways, SOB)—not to be confused with the current Südostbahn—sought to build a railway under the Lukmanier pass that had been proposed by the engineer Richard La Nicca as early as 1839. The company was founded on 1 September 1853 with a share capital of Swiss Francs (CHF) 25 million. The capital came from the cantons of St. Gallen and Grisons and above all from English banks. The beginning of the construction work carried out by English entrepreneurs was unsatisfactory. Senior engineer Pickering was dismissed without notice. Due to financial difficulties, the construction of the Rorschach–St. Margrethen–Sargans–Chur, Sargans–Weesen–Ziegelbrücke–Rapperswil and Weesen–Glarus faltered. The Walensee section required the construction of many tunnels. The lines of the Südostbahn would have become lucrative access routes had an eastern Alpine railway ever been built.
The Glatthalbahn (Gl-TB) opened the Wallisellen–Uster line on 1 August 1856. There were no funds, however, for the continuation of the line to Rapperswil.
One of the reasons for the VSB's initial financial problems was that the projected construction costs were far too low, leading to an additional capital requirement of around CHF 20 million. The additional capital was provided by a French financier. The Parisian banker, Isaac Péreire of Crédit Mobilier envisaged an eastern alpine crossing linking the French railway companies of the Chemins de fer du Midi, Chemins de fer de l'Ouest and Chemins de fer de l'Est with railway it had partly funded in the Balkans.
From Wikipedia’s article on United Swiss Railways, shared under CC BY-SA 4.0.3
