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The Prince William Railway Company (German: Prinz-Wilhelm-Eisenbahn-Gesellschaft, PWE) was an early horse-drawn railway in Germany. It was founded as the Deil Valley Railway Company (Deilthaler Eisenbahn Aktiengesellschaft) in 1828 and renamed in 1831. It built a 820 mm (2 ft 8+9⁄32 in) narrow gauge line that ran for a Prussian mile (7,532 metres or 8,237 yards) along the Deilbach valley from a point near Kupferdreh Old Station in Hinsbeck, a suburb of Kupferdreh (now part of Essen), to Nierenhof near Langenberg (now part of Velbert). This route is now part of the Wuppertal-Vohwinkel–Essen-Überruhr railway and served by Rhine-Ruhr S-Bahn line S9 trains.
On 20 September 1831 the railway was opened by Prince William, the brother of the King of Prussia at the time, and renamed in honour of the prince. It operated as a horse-drawn railway carrying coal until 1844, but from 1833 it also carried passengers. In 1847, it was converted to 1,435 mm (4 ft 8+1⁄2 in) standard gauge, extended north to Steele Süd and south to Vohwinkel (in Wuppertal), converted to steam operation and renamed the Steele-Vohwinkler Eisenbahn.