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 virginia, board, public and/or works:
“While I am in favor of the Government promptly enforcing the laws for the present, defending the forts and collecting the revenue, I am not in favor of a war policy with a view to the conquest of any of the slave States; except such as are needed to give us a good boundary. If Maryland attempts to go off, suppress her in order to save the Potomac and the District of Columbia. Cut a piece off of western Virginia and keep Missouri and all the Territories.”
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—“How Parents Can Talk to Their Kids,” Newsweek (January 10, 1994)
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