High Quality Content by WIKIPEDIA articles! The Baker Street and Waterloo Railway (BS WR), also known as the Bakerloo tube, was a railway company established in 1893 that constructed a deep-level underground "tube" railway in London. Although construction began in 1898, the company struggled to fund the work and was then hit by the financial collapse in 1900 of its parent company, the London Globe Finance Corporation, through the fraud of its main shareholder, Whitaker Wright. In 1902, the BS WR became a subsidiary of the Underground Electric Railways Company of London (UERL) controlled by American financier Charles Yerkes. The UERL quickly raised the funds, mainly from foreign investors.