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By comparison with their English counterparts, Scottish nineteenth-century railways have suffered from a degree of neglect by economic historians. Most of the existing literature is written for the railway enthusiast, concentrating mainly on topography, mechanical developments and entertaining episodes. Few of these books cover the whole of Scotland and most are treatments of single companies or of particular dramatic events. This study covers the earliest period of Scottish railway history, from the years of the first waggonway developments in the eighteenth century to the advent of the railway mania of the 1840s. It concentrates on the planning and formation of the various railways, the problems and achievements associated with their construction, and the financial records of the companies up to 1844. The first two chapters cover the horse-drawn waggonways of the eighteenth century and the coal railways of the early nineteenth century, while Chapters 3–5 cover the railways of the 1830s and 1840s.