In 1860 the Thorndon Park reservoir was opened, finally providing an alternative water source to the now turbid River Torrens. Gas street lighting was implemented in 1867, the University of Adelaide was founded in 1874, the South Australian Art Gallery opened in 1881 and the Happy Valley Reservoir opened in 1896. In the 1890s Australia was affected by a severe economic depression, ending a hectic era of land booms and tumultuous expansionism. Financial institutions in Melbourne and banks in Sydney closed. The national fertility rate fell and immigration was reduced to a trickle. The value of South Australia’s exports nearly halved. Drought and poor harvests from 1884 compounded the problems, with some families leaving for Western Australia. Adelaide was not as badly hit as the larger gold-rush cities of Sydney and Melbourne, and silver and lead discoveries at Broken Hill provided some relief. Only one year of deficit was recorded, but the price paid was retrenchments and lean public spending. Wine and copper were the only industries not to suffer a downturn
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