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:
“During the Civil War the area became a refuge for service- dodging Texans, and gangs of bushwhackers, as they were called, hid in its fastnesses. Conscript details of the Confederate Army hunted the fugitives and occasional skirmishes resulted.”
—Administration in the State of Texa, U.S. public relief program (1935-1943)
“If we love-and-serve an ideal we reach backward in time to its inception and forward to its consummation. To grow is sometimes to hurt; but who would return to smallness?”
—Sarah Patton Boyle, U.S. civil rights activist and author. The Desegregated Heart, part 3, ch. 3 (1962)
“The war is utter damn nonsense—a vast cancer fed by lies and self seeking [sic] malignity on the part of those who don’t do the fighting.”
—John Dos Passos (1896–1970)
“Twenty years of romance makes a woman look like a ruin; but twenty years of marriage makes her look like a public building.”
—Oscar Wilde (1854–1900)