 The tramway was soon extended along the length of the Horsehay branch, making the canal redundant.The company was run by industrialists, who were keen to keep the tolls low, as many of them used the canal to transport their own merchandise.Despite this, an initial dividend of 2.5 per cent was declared in 1793, only a year after construction was completed, and dividends rose steadily to reach around 8 per cent in the 1830s.