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===Early history===
 
===Early history===
  
The early history of the LMS was dominated by infighting between its two largest constituents and previously rivals, the Midland Railway and the London and North Western Railway, each of which believed their company's way was the right – and only – way of doing business. This rivalry was so severe, that stories of connecting trains at Birmingham New Street from the previous LNWR and MR parts of the system, being deliberately made to miss each other persisted even as late as the early 1950s, long after their demise. Generally, the Midland prevailed, with the adoption of many Midland practices such as the livery of Crimson Lake for passenger locomotives and rolling stock. Notable was the continuation of the Midland Railway's small-engine policy (see [[Locomotives of the Midland Railway]]).
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The early history of the LMS was dominated by infighting between its two largest constituents and previously rivals, the [[Midland Railway|Midland]] and the [[London and North Western Railway|North Western]], each of which believed their company's way was the right – and only – way of doing business. This rivalry was so severe, that stories of connecting trains at Birmingham New Street from the previous LNWR and MR parts of the system, being deliberately made to miss each other persisted even as late as the early 1950s, long after their demise.{{cn|date=February 2015}} Generally, the Midland prevailed, with the adoption of many Midland practices such as the livery of [[Carmine|Crimson Lake]] for passenger locomotives and rolling stock. Notable was the continuation of the Midland Railway's small-engine policy (see [[Locomotives of the Midland Railway]]).<ref name=HJK2010>{{harvnb|Hunt|Jennison|Essery|2010|p={{page needed|date=March 2013}}}}</ref><ref name=OSN-S>{{harvnb|Nock|1964|p={{page needed|date=March 2013}}}}</ref><ref name=GracesGuide>{{cite web |url=http://www.gracesguide.co.uk/William_Stanier |title=William Stanier |publisher=Graces Guide |accessdate=22 March 2013}}</ref><ref name=OC>{{harvnb|Simmons|Biddle|1997|p={{page needed|date=March 2013}}}}</ref>
  
The LMS also implemented a novel management structure, breaking with British railway tradition, and mirroring a contemporary management practice more common in the United States, appointing a President and Vice-Presidents. On 4 January 1926 Josiah Stamp was appointed First President of the Executive, the equivalent of a Chief Executive in modern organisational structures. He added the role of Chairman of the Board of Directors to his portfolio in January 1927, succeeding Guy Granet.
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The LMS also implemented a novel management structure, breaking with British railway tradition, and mirroring a contemporary management practice more common in the United States, appointing a President and Vice-Presidents. On 4 January 1926 [[Josiah Stamp]] was appointed First President of the Executive,<ref name="WhitehouseThomasp204"/> the equivalent of a Chief Executive in modern organisational structures. He added the role of Chairman of the Board of Directors to his portfolio in January 1927,<ref name="WhitehouseThomasp204"/> succeeding [[Guy Granet|Sir Guy Granet]].<ref name="WhitehouseThomasp38-39"/>
  
 
===The Stanier revolution===
 
===The Stanier revolution===

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