Sunday, August 7, 2016

Added a Confederate piece.

click to enlarge
A special stock issue of the Savannah, Albany and Gulf Railroad with a guaranteed 7 % dividend payment. It's dated May 7, 1861 a few weeks after the Civil War started. Only one listed in Cox.

History: Chartered in 1847 as the Savannah and Gulf Railroad. It's name was changed in 1854 to Savannah, Albany and Gulf Rail Road. It operated the Atlantic and Gulf Railroad until it merged with it in 1863 under the Atlantic and Gulf name. It was a minor player in the Civil War effort with  light traffic and failure to get additional track to expand it's route to more critical areas. General Sherman in his infamous March to the Sea did manage to destroy 40 miles of it's track in 1864.

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