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Anglo-Argentine Tramways Company

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Anglo-Argentine Tramways Company Ltd.
Company typePrivate company limited by shares
IndustryTransportation
Founded1876
Defunct1952
Headquarters
London Edit this on Wikidata
Key people
Bernard Docker,[1] Samuel Hale Pearson
ServicesTramways, Underground
OwnerSofina (after 1907)

The Anglo-Argentine Tramways Company (Spanish: Compañía de Tramways Anglo Argentina), known simply as La Anglo in Argentina, was a large transportation company which operated the vast majority of the largest network trams in Buenos Aires, which was also one of the largest in the world at the time with its 875 km (544 mi) length. The company also created Buenos Aires' first underground tram line, which would go on to become Line A of the Buenos Aires Underground and owned other tramways around the country.

History

The company was founded in 1876 by British and Anglo-Argentine investors in order to acquire the existing Buenos Aires tramway network, within the context of the country's belle epoque, where it was receiving significant investments from foreign companies.[2] By the turn of the century, the company owned a significant number of tramways throughout Argentina, most notably the Buenos Aires and Rosario Tramways. In Rosario the company opened its first line in 1886 and later bought five of the local tramway companies, while operating 106 km (66 mi) of lines there through concession.[3][4]

Purchase by Sofina

Stock certificate written in both English and French, showing the Argentine Congress.

in 1898 the Belgian company Sofina began acquiring shared in the AATC at a time when the company was electrifying its Buenos Aires network, where the company owned 120 km (75 mi) of lines by this point, as well as the electrification of the Rosario network, which was completed in 1908. By 1907, Sofina created a new company Compagnie Générale de Tramways de Buenos Aires to absorb the Anglo-Argentine and purchase other companies in the city and already by 1909 it had become the largest transport company in Argentina.[5] The newly-formed company's shareholders were made up of a number of different nationalities and included prominent European investment banks such as Paribas and Deutsche Bank.[4]

Line A

Main article: Line A (Buenos Aires Underground)
Argentine officials alongside Samuel Hale Pearson at the inauguration of Line A.

Construction of Line A of the Buenos Aires Underground began on 15 September 1911, with the German company Philipp Holzmann being contracted by the AATC to undergo the works.[6][7] When the line was opened on 1 December 1913, it became the first Underground line in the southern hemisphere, Latin America and the Spanish-speaking world. During the line's opening, the company's president Samuel Hale Pearson companied the Argentine vice president Victorino de la Plaza and the city's mayor Joaquín de Anchorena on the inaugural trip.[8]

The original Anglo-Argentine line ran underground from Plaza de Mayo in central Buenos Aires to the neighbourhood of Caballito, where it continued above-ground tram services through an access ramp at Primera Junta station, which also provided access to the company's main workshop and storage area at the Polvorín Workshop. The workshop operates to this day (albeit in a more minor role) and was built in 1914 to service the line's La Brugeoise and UEC Preston rolling stock.[9]

Demise

By 1938, the company (light blue) owned most of the lines in Buenos Aires.

In the years following the formation of the Compagnie Générale de Tramways de Buenos Aires, the came to own the vast majority of the Buenos Aires tram network, with the exception of a few Argentine companies such as the Lacroze Company's Tramway Rural. However, increased competition from bus travel and the construction of new lines for the Buenos Aires Underground, anti-monopoly laws and a devaluation of the Argentine peso all meant that the AATC was in an increasingly difficult situation by 1930.[10]

By 1936, the company's accumulated losses had reached £2.5 million (around £92 million in 2005 money[11]) while the company was facing serious competition from the Hispanic-Argentine Company for Public Works and Finances (CHADOPyF), which had recently completed Line C and was close to completing Line D. That same year, the government of Buenos Aires also began to organise public transport under a large mixed holding company known as the Corporation for Urban Transport (Corporacion de Transportes Urbanos) which was put into effect in 1938.[10]

The AATC remained largely independent, however in the post-war period, the political climate in Argentina had changed significantly and under the leadership of Juan Peron, the country's railways had been nationalised in 1948.[12] That same year, the Argentine National Congress approved a law which would see the nationalisation of Buenos Aires' public transport in the shortest possible time frame. In 1951, a large portion of the Corporation for Urban Transport was bought-up by the state for AR$400 million, while the Corporation had already accumulated debts with the state worth AR$2 billion. All of the Corporation's assets were then transferred over to the state in January 1952.[10]

The AATC's shareholders did not recognise the purchase and - together with the Corporation for Urban Transport's other shareholders - made the British ambassador to Argentine intervene on numerous occasions. Argentina and the United Kingdom then reached an agreement in December 1952 to resolve the matter of the transferral of assets quickly, however this would turn out to be fruitless. The conflict ensued until 1963 when it was ultimately taken to the Buenos Aires Court of Appeals, which recognised that the Argentine state was partly responsible for the loss of capital of the foreign shareholders.[10]

Legacy

Refurbished Brugeoise car.

Though the Buenos Aires tramway network ceased widespread operations in the 1960s, along with the other cities in which the AATC operated, many remnants of the original company can still be seen. In Buenos Aires, the Polvorín Workshop still functions as the maintenance area for Line A of the Buenos Aires Underground, and is currently being put out of use and converted into a museum for the network.[9]

The original Brugeoise cars are being restored to run tourist services on Line A and to be exhibited in different museums around the country.[13] Meanwhile the UEC Preston cars belonging to the company are used on Buenos Aires' heritage tramway, which runs in the neighbourhood of Caballito using parts of the AATC's original route.[14] Similarly, Line A has preserved its original appearance and, along with the Brugeoise cars and workshop, is considered a national historic monument.

In Rosario and Buenos Aires, tracks can still be seen in some neighbourhoods while a project in Rosario may use some of the company's original segments upon re-activating the tramway.

See also

Wikimedia Commons has media related to Anglo-Argentine Tramways Company.

References

  1. ^ "The modern day Docker". The Steeple Times. Retrieved 27 November 2015.
  2. ^ Foreign Business-Host Government Relations: The Anglo Argentine Tramways Co. Ltd. of Buenos Aires, 1930–1966 (abstract) - Research Institute for History, March 1995.
  3. ^ Historia del tranvía en Rosario - Tranvia del Bicentenario.
  4. ^ a b (eds.), Bart DeGroof ... (1998). En los deltas de la memoria : Bélgica y Argentina en los siglos XIX y XX. Leuven: Leuven Univ. Press. ISBN 90-6186-860-2. Retrieved 27 October 2015. {{cite book}}: |last1= has generic name (help)
  5. ^ Blake, Oscar Juan (2008). Así aprendieron a trabajar : cómo se construyó la capacitación laboral en la Argentina. Buenos Aires: Granica. ISBN 978-950-641-530-3. Retrieved 26 October 2015.
  6. ^ Tejera, Domingo (1993). Subterráneos de Buenos Aires. (Spanish), p. 11.{{cite book}}: CS1 maint: location (link) CS1 maint: location missing publisher (link)
  7. ^ Justo Solsona y Carlos Hunter (1990). La Avenida de Mayo: un proyecto inconcluso (Avenida de Mayo: an unfinished project) – (Spanish) – Solsona - Hunter Librería Técnica – (pps. 254 - 256) - ISBN 950-9575-34-8
  8. ^ El Subte cumple 99 años - EnElSubte, 1 December 2012.
  9. ^ a b El Taller Polvorín, centro de la historia del Subte - EnElSubte, 30 November 2013.
  10. ^ a b c d (eds.), Bart DeGroof ... (1998). En los deltas de la memoria : Bélgica y Argentina en los siglos XIX y XX. Leuven: Leuven Univ. Press. ISBN 9789061868606. Retrieved 26 November 2015. {{cite book}}: |last1= has generic name (help)
  11. ^ "Currency converter". The National Archive. The National Archive.
  12. ^ "Scalabrini Ortiz y la nacionalización de los ferrocarriles". El Historiador.
  13. ^ Puesta a punto de los históricos vagones de la línea A, La Nación newspaper, 21 January 2009 (In Spanish—History includes vintage photos and video) – Retrieved 2009-02-04
  14. ^ Exhibieron la dupla histórica Preston para festejar el Bicentenario - EnElSubte, 26 May 2010.
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