Southern Railway System 1894; Norfolk Southern 1982
In 1892, the R&D and subsidiaries entered receivership. Reorganized by J.P. Morgan and his New York banking firm of Drexel, Morgan and Company, they emerged in 1894 as the Southern Railway Company, which controlled over 4,000 miles (6,400 km) of line at its inception. Samuel Spencer became Southern's first president.
In 1990, the Southern Railway became part of today's Norfolk Southern Railway.
Read more about this topic: Richmond And Danville Railroad
Famous quotes containing the words southern, railway and/or system:
“You mean they could still be living in a primitive state of neurotic irresponsibility?”
—Terry Southern (b. 1924)
“Her personality had an architectonic quality; I think of her when I see some of the great London railway termini, especially St. Pancras, with its soot and turrets, and she overshadowed her own daughters, whom she did not understand—my mother, who liked things to be nice; my dotty aunt. But my mother had not the strength to put even some physical distance between them, let alone keep the old monster at emotional arm’s length.”
—Angela Carter (1940–1992)
“... the yearly expenses of the existing religious system ... exceed in these United States twenty millions of dollars. Twenty millions! For teaching what? Things unseen and causes unknown!... Twenty millions would more than suffice to make us wise; and alas! do they not more than suffice to make us foolish?”
—Frances Wright (1795–1852)