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:
“The United States is just now the oldest country in the world, there always is an oldest country and she is it, it is she who is the mother of the twentieth century civilization. She began to feel herself as it just after the Civil War. And so it is a country the right age to have been born in and the wrong age to live in.”
—Gertrude Stein (1874–1946)
“We find ourselves under the government of a system of political institutions, conducing more essentially to the ends of civil and religious liberty, than any of which the history of former times tells us.”
—Abraham Lincoln (1809–1865)
“Of course in war all madnesses come out in a man, that is the fault of war not of a man or a nation.”
—Frieda Lawrence (1879–1956)
“Theoretically, we know that the world turns, but in fact we do not notice it, the earth on which we walk does not seem to move and we live on in peace. This is how it is concerning Time in our lives. And to render its passing perceptible, novelists must... have their readers cross ten, twenty, thirty years in two minutes.”
—Marcel Proust (1871–1922)