The acquirer is acquired but continues to grow
The Central of Georgia was acquired by the Richmond Terminal Company in 1887. The new company issued overvalued bonds based on the good credit of the Central. This resulted in huge corporate debts.
Under its new ownership, the Savannah & Western Railroad (S&W) was founded in 1888 as a Central subsidiary. It acquired several small railroads, pushing further into Alabama and across the Tennessee border. Shortly after it was founded the S&W purchased the 157-mile Columbus & Western (C&W), which connected Columbus with Birmingham, Alabama. In addition, a branch line ran from near the Alabama state line at Opelika to Roanoke.
FreightWaves Classics: Central of Georgia Railway persevered (Part 1)
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FreightWaves Classics: Central of Georgia Railway persevered (Part 2)
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FreightWaves Classics: Central of Georgia Railway persevered (Part 1)
A local grew despite hardships
0 46 6 minutes read An Electro-Motive
photo featuring a new Central of Georgia locomotive in June 1948. (Photo: Warren Calloway Collection/Tom Alderman colorization)
As a corporate entity, the Central of Georgia Railway “lived” for nearly 150 years. It connected much of its home state, parts of Alabama, and reached Chattanooga, Tennessee.
Pieces of the railroad survive as part of Norfolk Southern. Its corporate name also remains, although only on paper.
Built to help export King Cotton
Since its founding in 1732, Savannah’s commercial activity was focused at its port. Cotton was shipped down the Savannah River from Augusta to be exported overseas. However, when the South Carolina Canal and Rail Road Company (SCC&RR) was chartered, it got the attention of Savannah’s business leaders. In October 1833 the South Carolina railroad completed a 136-mile line