Editing Morton Peto (section)

==Peto and Betts==
{{Main|Peto and Betts}}
In 1848 Peto and [[Edward Betts]] (who had married Peto's sister Ann) entered into a formal partnership and together they were to work on a large number of railway contracts. Frequently, they also work in partnership with [[Thomas Brassey]].

In 1854 during the [[Crimean War]] Peto, Betts and Brassey constructed the [[Grand Crimean Central Railway]] between [[Balaklava]] and [[Sevastopol]] to transport supplies to the troops at the front line.{{sfn|Cooke|1990|pp=16–64}}

In February 1855 the British government recognised Peto for his wartime services; he was made [[Baronet]] of [[Somerleyton Hall]] in the County of Suffolk.<ref>{{London Gazette |issue=21664 |date=16 February 1855 |page=605}}</ref> King [[Frederick VII of Denmark]] honoured Peto{{when|date=May 2013}} for establishing the [[Flensburg–Husum–Tönning Railway Company]] and its construction of railways in the [[Duchy of Schleswig]], which led to a growing export/import trade with the port of [[Lowestoft]]. Another project abroad was the [[Homburg Railway]] built from 1859 to 1860.<ref>{{cite book| first=Volker| last=Rödel| title=Eisenbahn in Hessen| volume=1| page=151}}</ref>

The Peto and Betts partnership became insolvent in 1866 due to a combination of the failure of the bank, [[Overend, Gurney and Company]], and their involvement in the failure of the [[London Chatham and Dover Railway]].