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Atlantic Mississippi and Ohio Rail Road Co Uncanceled $1,000 Gold Bond signed by General William Mahone

Inv# AG1018   Bond
Atlantic Mississippi and Ohio Rail Road Co Uncanceled $1,000 Gold Bond signed by General William Mahone
State(s): Virginia
Years: 1871
General William Mahone signed Atlantic, Mississippi, & Ohio Railroad VA $1,000 Gold Bond dated 1871, orange imprinted Internal Revenue stamp at center, several rows of interest bearing coupons each with an engraving of a steam locomotive. General Mahone was a Railroad President, Confederate General, and a Senator from Virginia. General Robert E. Lee said after the war that among the younger men he thought William Mahone had developed the highest quality for organization and command. In railroads after the war, Mahone created the privately owned Atlantic, Mississippi & Ohio Railroad. Of this fine road (later the Norfolk & Western) he was President at a salary (men noted) “as big as the President’s.” The very finest graphics by Continental Bank Note Co. In the top 10 most beautiful American Bonds Ever!!! A great addition to any Southern or Confederate collection. Mahone’s signature is hole cancelled but reasonably clear. Exceptional Color and Graphics! Excellent Condition. Special Price!
 

General William Mahone
 (1826-1895)

A member of the first graduating class of Virginia Military Institute (VMI), he was trained as a civil engineer. He helped build Virginia's roads and railroads in the antebellum and postbellum (reconstruction) periods.

As a Major General of the Confederate Army, Mahone is best known for turning the tide of the Battle of the Crater against the Union advance during the Siege of Petersburg in the U.S. Civil War.

Mahone became a political leader in Virginia, led the Readjuster Party and helped obtain funding in 1881 for a teacher's school which later grew to become Virginia State University. Small of stature, he was nicknamed "Little Billy".

In 1853, he was hired as chief engineer to build the new Norfolk and Petersburg Railroad. Still in use 150 years later, Mahone's corduroy design withstands immense tonnages of modern coal traffic. He was also responsible for engineering and building the famous 52 mile-long tangent track between Suffolk and Petersburg. With no curves, it is a major artery of modern Norfolk Southern rail traffic.

In 1854, Mahone surveyed and laid out streets and lots of Ocean View City, a new resort town fronting on the Chesapeake Bay in Norfolk County. With the advent of electric streetcars in the late 19th century, an amusement park was developed there and a boardwalk built along the adjacent beach area.

As the political differences between north and south escalated in the 2nd half of the 19th century, Mahone was in favor of secession of the southern states. During  Civil War, he was active in the actual conflict even before he became an officer in the Confederate Army.

After Virginia seceded from the Union in April, 1861, Mahone helped bluff the federal troops into abandoning the Gosport Shipyard in Portsmouth by running a single passenger train into Norfolk with great noise and whistle-blowing, then much more quietly, sending it back west, and then returning the same train again (again with much noise, etc.) creating the illusion of large numbers of arriving troops to the federals listening in Portsmouth (and just barely out of sight). The ruse worked, and not a single Confederate soldier was lost as the Union authorities abandoned the area, and retreated to Fort Monroe across Hampton Roads. After this, Mahone accepted a commission as Lt. Col. and later Colonel of the 6th Virginia Infantry Regiment in the Confederate Army. He was promoted to Brigadier General in November, 1861.

Condition: Excellent

A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.

Item ordered may not be exact piece shown. All original and authentic.
Price: $450.00