Horses have been pulling tramcars along Douglas Promenade daily since 7th August 1876 and from November 1927 onwards still do so every summer (mid May to Mid September). Many cars in the fleet have been scrapped as the tourist trade diminished over the years but the surviving examples now seem to have a secure future. The company was originally owned by Mr Thomas Lightfood but was sold to the Isle of Man Tramways in January 1882. In March 1894 the line came under the control of the Isle of Man Tramways and Electric Power Co. who also owned the Douglas to Laxey electric tramway. After the liquidation of the I.O.M.T.& E.P. Co. in 1902 (after the desasterours failure of Dumbell’s Bank in 1900) Douglas Corporation purchased the horse tramway and the cable tramway from the receivers. The Corporation sold it’s bus operations to the Government in 1976 and it remains to be seen how long the 3′ 0″ gauge tramway will continue independent from the other lines on the island (i.e. M.E.R. and Steam Railway). At the terminus and depot (opened as late as 1894) at Derby Castle it meets the M.E.R. but there is no track connection.