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FreightWaves Classics: Central of Georgia Railway persevered (Part 2)


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.   ....

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Wallace Lee Starwalt | News, Sports, Jobs


Wallace Lee Starwalt
Wallace Lee Starwalt of Dunkirk, N.Y. passed away peacefully at his home on Friday, March 12 with his wife, daughter, and three granddaughters by his side.
Born on Dec. 1, 1929 in Coles County, Illinois, Wallace was the son of the late Frank and Clarissa (Carpenter) Starwalt. He had a younger brother, Philip Dean, and an unborn sibling who both perished in a tragic house fire in 1938 along with his mother.
He attended rural schools until the 8th grade, and then Hindsboro Elementary & High School, where he graduated as Salutatorian, Class of 1947. Wallace continued to keep in touch with his classmates via phone conversations, Facebook, and E-mails. Having attended his 70th HS reunion in Arcola, I.L. in July of 2017, he was looking forward to seeing cherished friends again at the 75th reunion, to be held in July of 2022. ....

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