Samuel Morton Peto
bought out the Lowestoft Navigation Company that built
Lowestoft harbour after it went bust. Peto was responsible for
introducing railways to Oulton Broad in the 1840s. This
encouraged the massive growth of the fishing industry, and of
the town - much of the development to the south of the harbour
is due to him.
He inherited his uncle's building firm aged 14 and learned the
trade. Early London contracts for his building firm included
Nelson's column, the Lyceum, St. James's and the Houses of
Parliament. Then in the early 1840s he got very interested in the
railway system and railway works.
In 1843 Peto came to Lowestoft, and by 1847 had established a
proper harbour and railway line so fish could be delivered alive to
Manchester. Just imagine trucks full of fish swimming about inside
them! As a result millions more fish were caught and sold to much
wider markets. Lowestoft became a thriving fishing town of national
importance.
In 1844 Peto bought Somerleyton Hall, near Lowestoft,
which he lavishly extended & rebuilt as a huge mansion for
himself.
Indeed Morton Peto made the Port of Lowestoft a success by
building the railway from Norwich with a station on his estate at
Somerleyton and on to Oulton Broad North to Lowestoft. He brought
great commerce by developing connections with Denmark including
laying out their railway system for which they invested him with
the Order of the Daneburg. A report of which can still be found in
the archives of the Illustrated London News.
During the 1840s Charles Dickens came to stay with Sir
Samuel Morton Peto at Somerleyton Hall, and the novel "David
Copperfield" is set partly at nearby Blundeston. Descriptions of
people living in upturned boats in that novel (below), were based
on what Dickens saw during a visit to the Lowestoft Beach
Village.

Towards the end of his life Peto got badly into debt, (either
his bank collapsed or his debtors didn't pay), and the worry
affected his health. However he didn't let up with his schemes. He
worked on the Victoria Docks project in London, and in 1855 was
made a Baronet for building railways for the army in the
Crimea.
Somerleyton Hall was sold to another wealthy self made
industrialist, the Crossley family of Halifax, who made carpets.
The present Lord Somerleyton is a descendant of that family.
Somerleyton Hall

Somerleyton Hall was also
to play an important role in the development of the Hovercraft
nearly a hundred years later.
Christopher Cockerill
after moving from Oulton Broad with his business Ripplecraft,
actually tested the first prototype of the hovercraft on the
lawns of Somerleyton Hall. It was tested here as the high
hedges offered privacy and ensured the secrecy of the
invention. Indeed after the successful first flight which was
captured on film. The prototype was tested on Wherry dike next
to his workshop. Unfortunately the workshop burnt down, but
the site was situated on the Angles way, which leads to
Beccles via the Oulton
Broad.