gom erie ▁held ▁hopes ▁that ▁other ▁business men ▁and ▁invest ors ▁would ▁quickly ▁sub scribe ▁to ▁his ▁scheme ; ▁however , ▁only ▁£ 4 4 , 3 4 2 ▁would ▁prove ▁to ▁be ▁forth coming . ▁While ▁work ▁did ▁commence ▁on ▁the ▁canal ▁at ▁the ▁Glasgow ▁end ; ▁it ▁had ▁only ▁reached ▁John stone ▁by ▁the ▁time ▁by ▁which ▁all ▁of ▁the ▁raised ▁money ▁for ▁the ▁endeav our ▁had ▁been ▁spent ; ▁in ▁addition , ▁the ▁company ▁had ▁also ▁borrow ed ▁considerable ▁sums , ▁when ▁combined , ▁deb ts ▁of ▁£ 7 1 , 2 0 9 ▁had ▁been ▁accum ulated . ▁As ▁part ▁of ▁financial ▁reconst ruction ▁efforts , ▁the ▁canal ' s ▁name ▁was ▁changed ▁to ▁the ▁Glasgow , ▁P ais ley ▁and ▁John stone ▁Canal . ▁ ▁Later ▁on , ▁Mont gom erie ' s ▁attention ▁turned ▁to ▁building ▁a ▁railway ▁at ▁the ▁Ar d ross an ▁end ▁of ▁the ▁canal ' s ▁intended ▁route ; ▁these ▁asp ir ations ▁became ▁the ▁Ar d ross an ▁Railway . ▁This ▁too ▁was ▁built ▁with ▁the ▁aim ▁of ▁connecting ▁Ar d ross an ▁to ▁Glasgow ▁and , ▁just ▁as ▁its ▁prede cess or ▁had , ▁it ▁ran ▁out ▁of ▁money ▁during ▁construction , ▁having ▁only ▁reached ▁Kil win ning ▁and ▁E gl inton ' s ▁col lier ies ▁in ▁the ▁vic inity . ▁On ▁ 5 ▁July ▁ 1 8 6 5 , ▁the ▁G & S WR ▁was ▁author ised ▁by ▁an ▁Act ▁of ▁Parliament ▁to ▁ac quire ▁the ▁canal ,