FREE SHIPPING ON ORDERS OVER $30 (U. S. Addresses)
{"id":3931368259667,"title":"Atlantic Coast Line Railroad Company","handle":"atlantic-coast-line-railroad-company","description":"\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eBeautifully engraved antique bond certificate from the Atlantic Coast Line Railroad Company dating back to the 1910's. This document, is signed by the company President and Secretary, was printed by the American Bank Note Company and measures approximately 13 1\/4\" (w) by 9 1\/4\" (h).\u003cbr\u003e\u003cbr\u003eThis certificate's vignette features a locomotive and tender.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cdiv style=\"text-align: center;\"\u003e\u003cimg height=\"302\" width=\"302\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/ATLCOASTLINERR.png?v=1596072423\" style=\"margin-bottom: 10px; float: none;\"\u003e\u003c\/div\u003e\n\u003chr\u003e\u003cbr\u003eThe earliest predecessor of the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/atlantic-coast-line-railroad\"\u003e\u003cstrong\u003eAtlantic Coast Line Railroad\u003c\/strong\u003e\u003c\/a\u003e was the Petersburg Railroad between Petersburg, Virginia and a point near Weldon, North Carolina. A route between \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/richmond-virginia\"\u003e\u003cstrong\u003eRichmond, Virginia\u003c\/strong\u003e\u003c\/a\u003e and Petersburg was built by the Richmond \u0026amp; Petersburg Railroad, which was founded in 1836. Four years later, the Wilmington and Weldon Railroad, at the time known as the Wilmington and Raleigh and renamed in 1855, completed a route between Weldon and Wilmington, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/north-carolina\"\u003e\u003cstrong\u003eNorth Carolina\u003c\/strong\u003e\u003c\/a\u003e. From Wilmington, the Wilmington and Manchester Railroad began operations in 1853 to Florence, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/south-carolina\"\u003e\u003cstrong\u003eSouth Carolina\u003c\/strong\u003e\u003c\/a\u003e, where the Northeastern Railroad operated to \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/charleston-south-carolina\"\u003e\u003cstrong\u003eCharleston, South Carolina\u003c\/strong\u003e\u003c\/a\u003e.\u003cbr\u003e\u003cbr\u003eIn 1871, the W\u0026amp;W and the W\u0026amp;M (renamed the Wilmington, Columbia \u0026amp; Augusta) began using the Atlantic Coast Line name to advertise the two lines. An investor from \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/baltimore-maryland\"\u003e\u003cstrong\u003eBaltimore\u003c\/strong\u003e\u003c\/a\u003e, William T. Walters, gained control of these separate railroads after the Civil War, and operated them as a network of independent companies. In 1897–98, most of the South Carolina lines in Walters' system were consolidated under the name of the Atlantic Coast Line Railroad Company of South Carolina. In 1898, as the companies moved towards combining themselves into a single system, the lines in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/virginia\"\u003e\u003cstrong\u003eVirginia\u003c\/strong\u003e\u003c\/a\u003e were combined into the new Atlantic Coast Line Railroad Company of Virginia, and the lines in North Carolina underwent a similar process in 1899, becoming the Atlantic Coast Line Railroad Company of North Carolina.\u003cbr\u003e\u003cbr\u003eAround the same time, due to a regulatory climate in Virginia that was better suited to the company than that in other states, the ACL of Virginia took control of the other lines and subsequently shortened its name to the Atlantic Coast Line Railroad Company.\u003cbr\u003e\u003cbr\u003eIn 1898 the Petersburg Railroad and the Richmond \u0026amp; Petersburg Railroad formally merged, and two years later the combined company took control of the ACL's routes south of Virginia as well as the Norfolk \u0026amp; Carolina Railroad, which operated from \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/norfolk-virginia\"\u003e\u003cstrong\u003eNorfolk, Virginia\u003c\/strong\u003e\u003c\/a\u003e to Tarboro, North Carolina. These mergers created an ACL system reaching from southern Virginia to South Carolina and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/georgia\"\u003e\u003cstrong\u003eGeorgia.\u003c\/strong\u003e\u003c\/a\u003e\u003cbr\u003e\u003cbr\u003eOther small acquisitions took place in 1901, and in 1902 the ACL took over the Plant System, which operated numerous lines within \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/florida\"\u003e\u003cstrong\u003eFlorida\u003c\/strong\u003e\u003c\/a\u003e and Georgia. This same year the ACL took control of the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/louisville-nashville-railroad\"\u003e\u003cstrong\u003eLouisville and Nashville Railroad\u003c\/strong\u003e\u003c\/a\u003e as well as the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/nashville-chattanooga-st-louis-railway\"\u003e\u003cstrong\u003eNashville, Chattanooga and St. Louis Railway\u003c\/strong\u003e\u003c\/a\u003e, though the two were never merged into the ACL and were operated independently. The ACL acquired the East Carolina Railway in 1935, running south from Tarboro to Hookerton, although the 12-mile extension to Hookerton was abandoned in 1933. The ACL's last major acquisition was the Atlanta, Birmingham and Coast Railroad, which it purchased in 1927, though the AB\u0026amp;C was not merged into the ACL until 1945.\u003cbr\u003e\u003cbr\u003eBy the early 20th century, the railroad had largely reached its final configuration and began to focus on upgrading its physical plant. Later, the railroad's main line from Richmond, Virginia to \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/jacksonville-florida\"\u003e\u003cstrong\u003eJacksonville, Florida\u003c\/strong\u003e\u003c\/a\u003e had been double-tracked, which benefited the railroad when Florida boomed.\u003cbr\u003e\u003cbr\u003eIn 1928 the ACL completed a line between Perry, Florida and Drifton, near Monticello, Florida, the last link of the new \"Perry Cut-off\". This created a more direct route between \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/chicago-illinois\"\u003e\u003cstrong\u003eChicago\u003c\/strong\u003e\u003c\/a\u003e and Florida's west coast, one which passed through Macon, Albany, and Thomasville, the route followed by ACL's passenger train The Southland from December 1928 to 1957 when it was rerouted to Jacksonville.\u003cbr\u003e\u003cbr\u003eDuring the Great Depression ACL's freight traffic declined by around 60%, but the railroad survived without declaring bankruptcy; its success in this regard has been attributed to its leadership and careful financial practices, as well as owning the Louisville and Nashville, which remained strong through the Depression.\u003cbr\u003e\u003cbr\u003eDuring World War II ACL's passenger traffic increased 200% and freight traffic 150%. The railroad provided a submarine-proof alternative to coastal shipping, and it also served the fast-emerging military industry in the Southeast. In 1942 Champion McDowell Davis (nicknamed \"Champ\") became president of the ACL and immediately began an improvement program that included the rebuilding of several hundred miles of track, the installation of modern signalling systems and improvements to freight yards. The railroad spent at least $268 million in upgrading its physical plant during this period.\u003cbr\u003e\u003cbr\u003eIn 1956 the railroad moved its headquarters from Wilmington, North Carolina to Jacksonville, Florida. Jacksonville was selected from three candidate cities, the other two being \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/savannah-georgia\"\u003e\u003cstrong\u003eSavannah, Georgia\u003c\/strong\u003e\u003c\/a\u003e and Charleston, South Carolina. Construction of the new office complex was finished four years later, with the move from Wilmington completed over the following weeks.\u003cbr\u003e\u003cbr\u003eAs early as October 1958 the ACL and competitor \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/seaboard-air-line-railway\"\u003e\u003cstrong\u003eSeaboard Air Line Railroad\u003c\/strong\u003e\u003c\/a\u003e had discussed the possibility of a merger, initiating extensive studies on the potential unified system. The results showed that the merger could save considerable money through savings incurred and reduced expenditures to the amount of $38 million annually. Two years later, the merger was approved by shareholders of both railroads. In 1963, a merger between the two companies was approved by the Interstate Commerce Commission, however, petitions for reconsideration were filed leading to a court decision to remand the approval of the merger on May 13, 1965, citing the Clayton Antitrust Act. Following another round of court decisions in 1966, the merger was allowed to proceed, and did so on July 1, 1967. The result was the creation of the Seaboard Coast Line.","published_at":"2019-07-28T13:51:07-04:00","created_at":"2019-07-28T13:51:07-04:00","vendor":"Ghosts of Wall Street","type":"Bond Certificates","tags":["*A*","1910s","Alabama","Atlantic Coast Line Railroad","Charleston","Chattanooga","Date_1910s","Florida","Georgia","Jacksonville","Nashville","North Carolina","Price_$20 - $49.99","Railroad","Region_East","Region_South","Richmond","Savannah","South Carolina","Tennessee","Virginia"],"price":3500,"price_min":3500,"price_max":3500,"available":true,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":40919612948639,"title":"Default Title","option1":"Default Title","option2":null,"option3":null,"sku":"1988","requires_shipping":true,"taxable":true,"featured_image":null,"available":true,"name":"Atlantic Coast Line Railroad Company","public_title":null,"options":["Default Title"],"price":3500,"weight":7,"compare_at_price":null,"inventory_management":"shopify","barcode":"","requires_selling_plan":false,"selling_plan_allocations":[]}],"images":["\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1988gy.jpg?v=1630265944","\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1988gyvign.jpg?v=1630265944"],"featured_image":"\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1988gy.jpg?v=1630265944","options":["Title"],"media":[{"alt":"Atlantic Coast Line Railroad Company Bond Certificate","id":22294171451551,"position":1,"preview_image":{"aspect_ratio":1.433,"height":1047,"width":1500,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1988gy.jpg?v=1630265944"},"aspect_ratio":1.433,"height":1047,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1988gy.jpg?v=1630265944","width":1500},{"alt":"Atlantic Coast Line Railroad Company Bond Certificate","id":22294171484319,"position":2,"preview_image":{"aspect_ratio":2.223,"height":806,"width":1792,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1988gyvign.jpg?v=1630265944"},"aspect_ratio":2.223,"height":806,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1988gyvign.jpg?v=1630265944","width":1792}],"requires_selling_plan":false,"selling_plan_groups":[],"content":"\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eBeautifully engraved antique bond certificate from the Atlantic Coast Line Railroad Company dating back to the 1910's. This document, is signed by the company President and Secretary, was printed by the American Bank Note Company and measures approximately 13 1\/4\" (w) by 9 1\/4\" (h).\u003cbr\u003e\u003cbr\u003eThis certificate's vignette features a locomotive and tender.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cdiv style=\"text-align: center;\"\u003e\u003cimg height=\"302\" width=\"302\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/ATLCOASTLINERR.png?v=1596072423\" style=\"margin-bottom: 10px; float: none;\"\u003e\u003c\/div\u003e\n\u003chr\u003e\u003cbr\u003eThe earliest predecessor of the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/atlantic-coast-line-railroad\"\u003e\u003cstrong\u003eAtlantic Coast Line Railroad\u003c\/strong\u003e\u003c\/a\u003e was the Petersburg Railroad between Petersburg, Virginia and a point near Weldon, North Carolina. A route between \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/richmond-virginia\"\u003e\u003cstrong\u003eRichmond, Virginia\u003c\/strong\u003e\u003c\/a\u003e and Petersburg was built by the Richmond \u0026amp; Petersburg Railroad, which was founded in 1836. Four years later, the Wilmington and Weldon Railroad, at the time known as the Wilmington and Raleigh and renamed in 1855, completed a route between Weldon and Wilmington, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/north-carolina\"\u003e\u003cstrong\u003eNorth Carolina\u003c\/strong\u003e\u003c\/a\u003e. From Wilmington, the Wilmington and Manchester Railroad began operations in 1853 to Florence, \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/south-carolina\"\u003e\u003cstrong\u003eSouth Carolina\u003c\/strong\u003e\u003c\/a\u003e, where the Northeastern Railroad operated to \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/charleston-south-carolina\"\u003e\u003cstrong\u003eCharleston, South Carolina\u003c\/strong\u003e\u003c\/a\u003e.\u003cbr\u003e\u003cbr\u003eIn 1871, the W\u0026amp;W and the W\u0026amp;M (renamed the Wilmington, Columbia \u0026amp; Augusta) began using the Atlantic Coast Line name to advertise the two lines. An investor from \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/baltimore-maryland\"\u003e\u003cstrong\u003eBaltimore\u003c\/strong\u003e\u003c\/a\u003e, William T. Walters, gained control of these separate railroads after the Civil War, and operated them as a network of independent companies. In 1897–98, most of the South Carolina lines in Walters' system were consolidated under the name of the Atlantic Coast Line Railroad Company of South Carolina. In 1898, as the companies moved towards combining themselves into a single system, the lines in \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/virginia\"\u003e\u003cstrong\u003eVirginia\u003c\/strong\u003e\u003c\/a\u003e were combined into the new Atlantic Coast Line Railroad Company of Virginia, and the lines in North Carolina underwent a similar process in 1899, becoming the Atlantic Coast Line Railroad Company of North Carolina.\u003cbr\u003e\u003cbr\u003eAround the same time, due to a regulatory climate in Virginia that was better suited to the company than that in other states, the ACL of Virginia took control of the other lines and subsequently shortened its name to the Atlantic Coast Line Railroad Company.\u003cbr\u003e\u003cbr\u003eIn 1898 the Petersburg Railroad and the Richmond \u0026amp; Petersburg Railroad formally merged, and two years later the combined company took control of the ACL's routes south of Virginia as well as the Norfolk \u0026amp; Carolina Railroad, which operated from \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/norfolk-virginia\"\u003e\u003cstrong\u003eNorfolk, Virginia\u003c\/strong\u003e\u003c\/a\u003e to Tarboro, North Carolina. These mergers created an ACL system reaching from southern Virginia to South Carolina and \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/georgia\"\u003e\u003cstrong\u003eGeorgia.\u003c\/strong\u003e\u003c\/a\u003e\u003cbr\u003e\u003cbr\u003eOther small acquisitions took place in 1901, and in 1902 the ACL took over the Plant System, which operated numerous lines within \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/florida\"\u003e\u003cstrong\u003eFlorida\u003c\/strong\u003e\u003c\/a\u003e and Georgia. This same year the ACL took control of the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/louisville-nashville-railroad\"\u003e\u003cstrong\u003eLouisville and Nashville Railroad\u003c\/strong\u003e\u003c\/a\u003e as well as the \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/nashville-chattanooga-st-louis-railway\"\u003e\u003cstrong\u003eNashville, Chattanooga and St. Louis Railway\u003c\/strong\u003e\u003c\/a\u003e, though the two were never merged into the ACL and were operated independently. The ACL acquired the East Carolina Railway in 1935, running south from Tarboro to Hookerton, although the 12-mile extension to Hookerton was abandoned in 1933. The ACL's last major acquisition was the Atlanta, Birmingham and Coast Railroad, which it purchased in 1927, though the AB\u0026amp;C was not merged into the ACL until 1945.\u003cbr\u003e\u003cbr\u003eBy the early 20th century, the railroad had largely reached its final configuration and began to focus on upgrading its physical plant. Later, the railroad's main line from Richmond, Virginia to \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/jacksonville-florida\"\u003e\u003cstrong\u003eJacksonville, Florida\u003c\/strong\u003e\u003c\/a\u003e had been double-tracked, which benefited the railroad when Florida boomed.\u003cbr\u003e\u003cbr\u003eIn 1928 the ACL completed a line between Perry, Florida and Drifton, near Monticello, Florida, the last link of the new \"Perry Cut-off\". This created a more direct route between \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/chicago-illinois\"\u003e\u003cstrong\u003eChicago\u003c\/strong\u003e\u003c\/a\u003e and Florida's west coast, one which passed through Macon, Albany, and Thomasville, the route followed by ACL's passenger train The Southland from December 1928 to 1957 when it was rerouted to Jacksonville.\u003cbr\u003e\u003cbr\u003eDuring the Great Depression ACL's freight traffic declined by around 60%, but the railroad survived without declaring bankruptcy; its success in this regard has been attributed to its leadership and careful financial practices, as well as owning the Louisville and Nashville, which remained strong through the Depression.\u003cbr\u003e\u003cbr\u003eDuring World War II ACL's passenger traffic increased 200% and freight traffic 150%. The railroad provided a submarine-proof alternative to coastal shipping, and it also served the fast-emerging military industry in the Southeast. In 1942 Champion McDowell Davis (nicknamed \"Champ\") became president of the ACL and immediately began an improvement program that included the rebuilding of several hundred miles of track, the installation of modern signalling systems and improvements to freight yards. The railroad spent at least $268 million in upgrading its physical plant during this period.\u003cbr\u003e\u003cbr\u003eIn 1956 the railroad moved its headquarters from Wilmington, North Carolina to Jacksonville, Florida. Jacksonville was selected from three candidate cities, the other two being \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/savannah-georgia\"\u003e\u003cstrong\u003eSavannah, Georgia\u003c\/strong\u003e\u003c\/a\u003e and Charleston, South Carolina. Construction of the new office complex was finished four years later, with the move from Wilmington completed over the following weeks.\u003cbr\u003e\u003cbr\u003eAs early as October 1958 the ACL and competitor \u003ca href=\"https:\/\/ghostsofwallstreet.com\/collections\/seaboard-air-line-railway\"\u003e\u003cstrong\u003eSeaboard Air Line Railroad\u003c\/strong\u003e\u003c\/a\u003e had discussed the possibility of a merger, initiating extensive studies on the potential unified system. The results showed that the merger could save considerable money through savings incurred and reduced expenditures to the amount of $38 million annually. Two years later, the merger was approved by shareholders of both railroads. In 1963, a merger between the two companies was approved by the Interstate Commerce Commission, however, petitions for reconsideration were filed leading to a court decision to remand the approval of the merger on May 13, 1965, citing the Clayton Antitrust Act. Following another round of court decisions in 1966, the merger was allowed to proceed, and did so on July 1, 1967. The result was the creation of the Seaboard Coast Line."}

Atlantic Coast Line Railroad Company

$35.00
Maximum quantity available reached.
Stock Number: 1988
Product Details

Beautifully engraved antique bond certificate from the Atlantic Coast Line Railroad Company dating back to the 1910's. This document, is signed by the company President and Secretary, was printed by the American Bank Note Company and measures approximately 13 1/4" (w) by 9 1/4" (h).

This certificate's vignette features a locomotive and tender.

Images

You will receive the exact certificate pictured.

    Historical Context


    The earliest predecessor of the Atlantic Coast Line Railroad was the Petersburg Railroad between Petersburg, Virginia and a point near Weldon, North Carolina. A route between Richmond, Virginia and Petersburg was built by the Richmond & Petersburg Railroad, which was founded in 1836. Four years later, the Wilmington and Weldon Railroad, at the time known as the Wilmington and Raleigh and renamed in 1855, completed a route between Weldon and Wilmington, North Carolina. From Wilmington, the Wilmington and Manchester Railroad began operations in 1853 to Florence, South Carolina, where the Northeastern Railroad operated to Charleston, South Carolina.

    In 1871, the W&W and the W&M (renamed the Wilmington, Columbia & Augusta) began using the Atlantic Coast Line name to advertise the two lines. An investor from Baltimore, William T. Walters, gained control of these separate railroads after the Civil War, and operated them as a network of independent companies. In 1897–98, most of the South Carolina lines in Walters' system were consolidated under the name of the Atlantic Coast Line Railroad Company of South Carolina. In 1898, as the companies moved towards combining themselves into a single system, the lines in Virginia were combined into the new Atlantic Coast Line Railroad Company of Virginia, and the lines in North Carolina underwent a similar process in 1899, becoming the Atlantic Coast Line Railroad Company of North Carolina.

    Around the same time, due to a regulatory climate in Virginia that was better suited to the company than that in other states, the ACL of Virginia took control of the other lines and subsequently shortened its name to the Atlantic Coast Line Railroad Company.

    In 1898 the Petersburg Railroad and the Richmond & Petersburg Railroad formally merged, and two years later the combined company took control of the ACL's routes south of Virginia as well as the Norfolk & Carolina Railroad, which operated from Norfolk, Virginia to Tarboro, North Carolina. These mergers created an ACL system reaching from southern Virginia to South Carolina and Georgia.

    Other small acquisitions took place in 1901, and in 1902 the ACL took over the Plant System, which operated numerous lines within Florida and Georgia. This same year the ACL took control of the Louisville and Nashville Railroad as well as the Nashville, Chattanooga and St. Louis Railway, though the two were never merged into the ACL and were operated independently. The ACL acquired the East Carolina Railway in 1935, running south from Tarboro to Hookerton, although the 12-mile extension to Hookerton was abandoned in 1933. The ACL's last major acquisition was the Atlanta, Birmingham and Coast Railroad, which it purchased in 1927, though the AB&C was not merged into the ACL until 1945.

    By the early 20th century, the railroad had largely reached its final configuration and began to focus on upgrading its physical plant. Later, the railroad's main line from Richmond, Virginia to Jacksonville, Florida had been double-tracked, which benefited the railroad when Florida boomed.

    In 1928 the ACL completed a line between Perry, Florida and Drifton, near Monticello, Florida, the last link of the new "Perry Cut-off". This created a more direct route between Chicago and Florida's west coast, one which passed through Macon, Albany, and Thomasville, the route followed by ACL's passenger train The Southland from December 1928 to 1957 when it was rerouted to Jacksonville.

    During the Great Depression ACL's freight traffic declined by around 60%, but the railroad survived without declaring bankruptcy; its success in this regard has been attributed to its leadership and careful financial practices, as well as owning the Louisville and Nashville, which remained strong through the Depression.

    During World War II ACL's passenger traffic increased 200% and freight traffic 150%. The railroad provided a submarine-proof alternative to coastal shipping, and it also served the fast-emerging military industry in the Southeast. In 1942 Champion McDowell Davis (nicknamed "Champ") became president of the ACL and immediately began an improvement program that included the rebuilding of several hundred miles of track, the installation of modern signalling systems and improvements to freight yards. The railroad spent at least $268 million in upgrading its physical plant during this period.

    In 1956 the railroad moved its headquarters from Wilmington, North Carolina to Jacksonville, Florida. Jacksonville was selected from three candidate cities, the other two being Savannah, Georgia and Charleston, South Carolina. Construction of the new office complex was finished four years later, with the move from Wilmington completed over the following weeks.

    As early as October 1958 the ACL and competitor Seaboard Air Line Railroad had discussed the possibility of a merger, initiating extensive studies on the potential unified system. The results showed that the merger could save considerable money through savings incurred and reduced expenditures to the amount of $38 million annually. Two years later, the merger was approved by shareholders of both railroads. In 1963, a merger between the two companies was approved by the Interstate Commerce Commission, however, petitions for reconsideration were filed leading to a court decision to remand the approval of the merger on May 13, 1965, citing the Clayton Antitrust Act. Following another round of court decisions in 1966, the merger was allowed to proceed, and did so on July 1, 1967. The result was the creation of the Seaboard Coast Line.

    You may also like...