The Virginia Board of Public Works was a governmental agency which oversaw and helped finance the development of Virginia's transportation-related internal improvements during the 19th century. In that era, it was customary to invest public funds in private companies, which were the forerunners of the public service and utility companies of modern times. The state often invested in up to 40% of the stock to build turnpikes, toll bridges, canals, and water and rail transportation enterprises.
Read more about Virginia Board Of Public Works: Claudius Crozet: Virginia's State Engineer, Massive State Debt, Shift From Financing To Regulatory Role, Creation of SCC, Historical Archives Available To Public
Famous quotes containing the words board, public and/or works:
“Midway the lake we took on board two manly-looking middle-aged men.... I talked with one of them, telling him that I had come all this distance partly to see where the white pine, the Eastern stuff of which our houses are built, grew, but that on this and a previous excursion into another part of Maine I had found it a scarce tree; and I asked him where I must look for it. With a smile, he answered that he could hardly tell me.”
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