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Western & Atlantic Railroad Note with Postcard

Inv# OB1029
Western & Atlantic Railroad Note with Postcard
Denomination: 50 cents
State(s): Georgia
Years: 1862
Red train. October 15,1862. Comes with historical description titles 'Great Locomotive Chase' and photo of the 'General' Confederated locomotive. The Western & Atlantic Railroad of the State of Georgia (W&A) is a government-owned railroad (by the State of Georgia) and is currently leased by CSX, which CSX operates in the Southeastern United States from Atlanta, Georgia, to Chattanooga, Tennessee. It was founded on December 21, 1836. The city of Atlanta was founded as the terminus of the W&A, with the terminus marked with the Atlanta Zero Mile Post. The line is still owned by the State of Georgia from Atlanta to CT Tower in Chattanooga; it is leased by CSX Transportation. The W&A Subdivision is a railroad line leased by CSX Transportation in the U.S. states of Tennessee and Georgia. The line runs from Chattanooga to Marietta, Georgia for a total of 119.1 miles. At its north end, it continues south from the Chattanooga Subdivision of the Nashville Division and at its south end it continues south as the Atlanta Terminal Subdivision (Chart A). This line, originally built to 5 ft (1,524 mm) gauge, is famous because of the Andrews Raid (commonly referred to as the Great Locomotive Chase), which took place on the W&A during the American Civil War on the morning of April 12, 1862. In 1836, the Georgia General Assembly voted to build the Western & Atlantic Railroad of the State of Georgia to provide a link between the port of Savannah and the Midwest. The initial route of that state-sponsored project was to run from Chattanooga to a spot east of the Chattahoochee River, in present-day Fulton County. The plan was to eventually link up with the Georgia Railroad from Augusta and the Macon and Western Railroad, which ran from Macon to Savannah. An engineer was chosen to recommend the location where the Western & Atlantic line would terminate. Once he surveyed various possible routes, he drove a stake into the ground near what is now Forsyth and Magnolia Streets. The zero milepost was later placed at that spot. In 1842, the zero milepost was moved to a spot immediately adjacent to the current southern entrance to Underground Atlanta. The area developed into a settlement, known as "Terminus", literally meaning "end of the line". In 1843, the small settlement of Terminus was incorporated as the city of Marthasville. Two years later, by act of Georgia's General Assembly, the city was renamed "Atlanta". The railroad made significant contributions to the development of north Georgia. Through 1870, it was called the State Road, and was operated directly by the state under a superintendent appointed by and reporting to the governor of Georgia. On December 27 of that year, operations were transferred to the Western & Atlantic Railroad Company, a group of 23 investors including Georgia's wartime governor Joseph E. Brown, who leased it (both tracks and rolling stock) from the state for $25,000 per month. This expired 20 years later, when the Nashville, Chattanooga & St. Louis (NC& StL) leased it for 29 years. The railroad that was handed over to the NC& StL was in very poor condition. The locomotives that were transferred consisted only of those listed on the 1870 lease as property of the State, with all of the more modern engines purchased under Gov. Brown's Western & Atlantic Railroad Company having been sold to other railroads. While most of the passenger equipment was usable, almost all of the locomotives were condemn-able and all of the freight cars were scrapped. The value of the locomotives was disputed for some 20 years. A major change in the new lease in 1890 stipulated that all improvements made to the road by the lessee would become property of the state at the termination of the lease. Included in the definition of improvements were modifications to the facilities, right of way and new equipment purchased for use over that line, including passenger cars, freight cars, and locomotives. As it turned out, the NC&StL continued to hold the lease to the Western & Atlantic Railroad until it was absorbed by its parent company, the Louisville and Nashville Railroad, which was itself owned by the Atlantic Coast Line-one of the principal railroads in the Family Lines System and later CSX Transportation, which continues to operate the line as the Western & Atlantic Subdivision. CSXT signed the current lease on the W&A from the State of Georgia in May 1986, set to expire on December 31, 2019. On Sept 7th, 2018, the owner and CSX announced they had reached an agreement to renew the lease for 50 more years, starting in 2020 at $1 million a month, and rising annually thereafter. After being captured by the Union in mid-1864 and until the end of the war in 1865, the line was briefly operated by the United States Military Railroad.
Condition: V.F.
Item ordered may not be exact piece shown. All original and authentic.
Price: $75.00