-40%
Blue Ridge Railroad bond with 38 of 40 coupons attached. 1869.
$ 152.59
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Description
In 1852, the Blue Ridge Railway was intended to connect Charleston, South Carolina across the mountains to the midwest and return it to commercial prominence. The company ceased construction in 1859 due to financial troubles and mismanagement.
After the Civil War, the idea of finishing the railroad was revived, but again financial difficulties quickly overtook the company. In 1868 Governor Robert Scott persuaded the General Assembly to issue bonds to pay for the completion of the route.
This is bond # 576. Corruption and misconduct doomed the project and in 1874 the company was broken up.