The Lochlomond Steamboat Company formed from an amalgamation of the New Lochlomond Steamboat Company, owners of the steamer Water Witch, and the assets of Messers Napier and M‘Murrich, owners of the steamer Lochlomond, in 1845. The agreement between the companies is presented below. It was drawn up in 1844 but the legal issues to obtain agreement with all the parties took several months. The basic agreement split the 80 shares of the new company equally between the original owners of the Water Witch (40 shares) and Messers Napier (20 shares) and M‘Murrich (20 shares). John M‘Murrich was in ill-health and 15 of his shares were sold to three new shareholders Duncan Mitchell (5 shares), James M‘Kinlay (5 shares), and William M‘Niven (5 shares). This also diluted the power of the Napier faction. Much of the information quoted comes from “Lochlomond Steamboat Companies,” by Donald Macleod...