1873 0 Alabama, Savannah & Memphis Railroad Bond. Gold Coin.

Description

1873.     Fine condition.   Several tears.   Archival tape reverse and tape on front. Top Stub folded over.  Bond shipped flat with coupons folded up.
The
Savannah and Memphis Railroad
is a historic railroad that operated in
Alabama
.
It was founded as the
Opelika and Talladega Railroad
in 1854. Before any track was built, the railroad became the
Opelika and Tuscumbia Railroad
in 1861.
No track was built under the latter name either as the
American Civil War
broke out and interrupted plans. Once the fighting had stopped, the railroad was finally reorganized under the S&M name, but by 1874 had only built 55 miles of track from
Opelika, Alabama
, to
Goodwater, Alabama
, before finally going bankrupt. It was sold to the
Columbus and Western Railway
in 1880.