Civil War Years
During the American Civil War, the Confederate States of America maintained a gun powder factory in Augusta. Car load of gun powder would be transported on the Georgia Railroad to various battlefields in the "Western Campaign."
Although the Civil War saw heavy damage to railroads such as the Georgia Railroad, management used their considerable resources to restore operation as quickly as possible. The Georgia Railroad even resorted to temporarily abandoning the Athens branch to secure enough rail to reopen its main line. Returning Confederate soldiers were given free rides home to the extent that the company's limited rail network would allow.
They also honored all Confederate script issued by their bank. No depositor lost their savings even if Confederate money had no value. It helped that the Georgia Railroad and Banking Company had the financial strength to honor those promises. Meanwhile, most southern banks were busy repudiating any obligations related to Confederate currency. This helped solidify the bank's reputation as one of the premiere banks in the southeastern United States well into the 20th century.
Read more about this topic: Georgia Railroad And Banking Company
Famous quotes containing the words civil war, civil, war and/or years:
“At Hayes’ General Store, west of the cemetery, hangs an old army rifle, used by a discouraged Civil War veteran to end his earthly troubles. The grocer took the rifle as payment ‘on account.’”
—Administration for the State of Con, U.S. public relief program (1935-1943)
“Come, come, my boy, say “Good morning” to your creator. Speak! You’ve got a civil tongue in your head, I know you have because I sewed it back myself.”
—Kenneth Langtry, and Herbert L. Strock. Prof. Frankenstein (Whit Bissell)
“We make war that we may live in peace.”
—Aristotle (384–322 B.C.)
“Perhaps my best years are gone. When there was a chance of happiness. But I wouldn’t want them back. Not with the fire in me now.”
—Samuel Beckett (1906–1989)