Atlantic Coast Line PDF Download

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... CHAPTER IX SUMMARY AND CONCLUSION In tracing the history of the various railroads which went into the Atlantic Coast Line System and the consolidation of these into a unit, one sees epitomized practically the entire railroad history of the United States. The charter of the first road was secured in 1830, the same year as the introduction of the steam engine on the Baltimore and Ohio. The beginning of the Atlantic Coast Line, therefore, goes back to the earliest days of the railroad era. During the first decade, 1830 to 1840, railroads were universally considered as supplementary to canals and navigable rivers, furnishing a connecting link where it was impossible to secure other connection. It was not supposed that they would supplant water transportation and develop into an entirely new and independent means of communication. This period of railroad history is typified in the Atlantic Coast Line System by the building of the two Virginia roads connecting the fall line towns. These roads were built as a part of the system of internal improvements undertaken by the state. They were private undertakings, but were encouraged and aided by the state which invested in them to the amount of two fifths of their capital stock. Being among the earliest roads proposed in the United States, they enjoyed a period of popular favor and secured charters so liberal as now to seem absurd. The second period of railroad expansion, from 1840 to 1860, is marked by the growth of closer union among roads and the development of the railroads into an independent transportation system. Roads for the most part remained separate units but cooperated through informal agreements, not always without friction, and divided the income from through traffic, usually in...