Name: Southern Railway Company - New Orleans and Northeastern Railroad
Brand: Ghosts of Wall Street
SKU: 312
Price: 25.0 USD
Availability: OutOfStock

Southern Railway Company - New Orleans and Northeastern Railroad Company Bond Certificate

No reviews

Price

In stock, ships within 24 hours
Inventory on the way

Free shipping on orders over $30 (U. S. Addresses)

Secure payments

Shipment tracking

Free returns

Product Details

Certificate Type	Common Stock
Company	Southern Railway- New Orleans and Northeastern Railroad
Date Issued	1950's
Canceled	Yes
Printer	American Bank Note Company
Signatures	Machine printed
Notable	NA
Approximate Measurements	9 3/4" (w) by 15" (h)
Product Images	Show the exact certificate you will receive
Guaranteed Authentic	Yes

Historical Context

The Southern Railway was the product of nearly 150 predecessor lines that were combined, reorganized and recombined beginning in the early 19th century, formally becoming the Southern Railway in 1894. It was combined with the Norfolk and Western Railway to form the Norfolk Southern Railway in 1982.

History

The pioneering South Carolina Canal and Rail Road Company, Southern's earliest predecessor line and one of the first railroads in the United States, was chartered in December 1827 and ran the nation's first regularly scheduled steam powered passenger train – the wood-burning Best Friend of Charleston – over a six mile section out of Charleston, South Carolina. By 1833, its 136-mile line to Hamburg, South Carolina, was the longest in the world.

As railroad fever struck other Southern states, networks gradually spread across the South and even across the Allegheny Mountains. Charleston, South Carolina and Memphis, Tennessee, were linked by 1857, although rail expansion halted with the start of the Civil War. The Richmond and York River Railroad, which operated from the Pamunkey River at West Point, Virginia to Richmond, Virginia, was a major focus of George McClellan's 1862 Peninsular Campaign, which culminated in the Seven Days Battles and devastated the tiny rail link. The Richmond and Danville Railroad was the Confederacy's last link to Richmond, and transported Jefferson Davis and his cabinet to Danville, Virginia just before the fall of Richmond in April, 1865.

Known as the "First Railroad War," the Civil War left the South's railroads and economy devastated. Most of the railroads, however, were repaired, reorganized and operated again. In the area along the Ohio River and Mississippi River, construction of new railroads continued throughout Reconstruction. The Richmond and Danville System expanded throughout the South during this period, but was overextended, and came upon financial troubles in 1893, when control was lost to financier J.P. Morgan, who reorganized it at the Southern Railway System.

The Southern Railway, as it came into existence in 1894, was a combination of the Richmond and Danville system and the East Tennessee, Virginia and Georgia Railroad. The company owned two-thirds of the 4,400 miles of line it operated, and the rest was held through leases, operating agreements and stock ownership. Southern also controlled the Alabama Great Southern and the Georgia Southern and Florida, which operated separately, and it had an interest in the Central of Georgia.

The Southern's first president, Samuel Spencer, drew more lines into Southern's core system. During his 12-year term, the railway built new shops at Knoxville, Tennessee, and Atlanta, Georgia and purchased more equipment. He moved the company's service away from an agricultural dependence on tobacco and cotton and centered its efforts on diversifying traffic and industrial development. Sadly, Spencer was killed in train wreck in 1906.

In 1912, the Southern Railway leased most of its Bluemont, Virginia, branch to the newly formed Washington and Old Dominion Railway. In 1945, the Southern sold most of the remnant of the branch to the Washington and Old Dominion Railroad, the successor to the Washington and Old Dominion Railway.

The Central of Georgia became part of the system in 1963, and the former Norfolk Southern Railway was acquired in 1974. Despite these small acquisitions, the Southern disdained the merger trend when it swept the railroad industry in the 1960s, choosing to remain a regional carrier. In 1978, President L. Stanley Crane said the refusal to add routes through merger was a mistake, especially the decision not to add a connecting route to Chicago.

The Southern tried to gain access to Chicago by targeting the Monon Railroad and the Chicago and Eastern Illinois Railroad but both those railroads went to Southern's competitor, the Louisville and Nashville Railroad. A decade later Crane tried to rectify the situation by merging with the Illinois Central Railroad. When that failed, he petitioned the Interstate Commerce Commission to give Southern the old Monon routes and the old Atlantic Coast Line route from Jacksonville to Tampa by way of Orlando among other properties as a condition of the I.C.C.'s approval of the Seaboard Coast Line – Chessie System merger in 1979. While the request was supported by the I.C.C.'s Enforcement Bureau, it was ultimately unsuccessful.

New Orleans and Northeastern Railroad Company

The New Orleans and Northeastern Railroad was incorporated in 1868 in Louisiana (under the name of Mandeville and Sulphur Springs Railroad until 1870) and 1871 in Mississippi. No track was built, however, and the company's land lay unused until 1881, when control of the company was acquired by the Alabama, New Orleans, Texas and Pacific Junction Railways Company. Construction on the line began in 1882. The line opened in 1883 and extended 196 miles from New Orleans to Meridian, Mississippi.

In 1916 the Southern Railway acquired the NO&NE, which had been marketed as a portion of the Queen and Crescent Route since the latter parts of the 19th century. From that point on the NO&NE owned or were assigned locomotives and other equipment wore Southern lettering but carried NO&NE sublettering until the line was merged into the Alabama Great Southern in the late-60s, at which time sublettering was changed to AGS.

In 1969, as part of an effort to simplify its corporate structure, the Southern Railway's Alabama Great Southern Railroad operating subsidiary merged the NO&NE, ending its existence on paper.

Railroad	Central of Georgia Railway
Norfolk Southern Railroad	Norfolk & Western Railway

General Information

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

Shipping

We make every effort to ship out all orders within 24 hours of receipt.

We ship the majority of orders via the USPS.

Shipping within the United States is $5.00 regardless of the number of certificates you purchase. If your order exceeds $30, shipping is FREE!

International shipping costs, as well as upgraded services such as Priority and Express Mail, and UPS and DHL services, are calculated during checkout.

OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.

As soon as your order is shipped you will receive your tracking information via email.

Returns

You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

FAQ

Are the certificates offered on your site genuine or reproductions?

All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

No. All of the pieces we sell are either canceled or obsolete and have collectible value only.

Are the images presented in your product listings of the exact piece I will receive?

It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. The best way to determine if the images presented are of the actual piece you will receive or are representative, is to click on the "Product Details" or "Images" tab. The description presented will let you know.

How will you ship my order and how much do you charge?

We ship all orders via the United States Postal Service. For orders taking advantage of standard (First Class) shipping, we offer flat rate pricing, so you pay only the advertised shipping charge regardless of the number of pieces you purchase. Current charges may be reviewed here. Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout.

Can I return my purchase?

Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.