Between 1836 and 1840 the line carried more than 1.25 million passengers a year, benefiting it is thought from a developing tourist trade. On 5 June 1839 the
London and Croydon Railway (L&CR) opened. It shared the line between Tooley Street and Corbetts Lane (close to what is now Rotherhithe Road) and its station was built between the station and Tooley Street. It is not clear when the station became known as London Bridge. It is believed that at Corbetts Lane there was installed the first fixed signal used to control a junction, a white disc operated by the
pointsman. This, or at night a red light, showed that the route was set for Croydon. If the disc was edge on or a white light showed, the junction was set for Greenwich. In 1840 two further acts were obtained, the '
(3 & 4 Vict. c. cxxvii) for laying additional lines as far as the junction at Corbetts Lane and the ' (
3 & 4 Vict. c. cxxviii) for improvements and extensions to the stations at London Bridge. These were watched closely by a committee formed by the , the
London and Brighton Railway (L&BR) and the proposed
South Eastern Railway (SER). At this time the and the exchanged stations to avoid crossing each other at Corbetts Lane. A resited station at
Spa Road opened in 1842. By 1843 annual passenger numbers had risen to more than 1.5 million, with an average fare per head of 6½d. In 1844 numbers had risen to more than two million although the average fare had dropped to 5s 2d. Greenwich trains ran every 15 minutes, Croydon trains hourly. The company was never financially successful, however, owing to the need to repay the very high capital expenditure in building the line. The increasing congestion of the lines approaching London Bridge and dissatisfaction with the high tolls charged by the caused the and the to build a new terminus at
Bricklayers Arms. It opened in 1844, transferring most of their services and reducing their fares accordingly. This reduction in toll revenues brought the company to the brink of bankruptcy. Prior to the opening of Bricklayers Arms it had approached the with a suggestion that they should either buy or lease the . The took some time to respond and in the meanwhile the company received a similar offer from the
L&BR and also negotiated reduced tolls with the . Eventually the agreed to lease the from 1 January 1845, and this was approved by the '''''' (
8 & 9 Vict. c. lxxx). The continued in existence until January 1923 but its activities were restricted to receiving the annual rent from the and distributing it to shareholders. ==Greenwich==