Atlantic, Mississippi, and Ohio Railroad
After the war, Mahone led the rebuilding of the N&P, and soon became involved in the South Side Railroad, which ran from Petersburg to Lynchburg, becoming its president as well. Reviving his prewar dream, he became the driving force in the linkage of N&P, South Side Railroad and the Virginia and Tennessee Railroad to form the Atlantic, Mississippi & Ohio Railroad (AM&O), a new line extending from Norfolk to Bristol, Virginia which was formed in 1870 after several years of lobbying of the Virginia General Assembly by Mahone and his political allies. William and Otelia Mahone moved to Lynchburg, where headquarters were established. The letters A,M & O were said to stand for "All Mine and Otelia's."
The A,M,& O operated successfully for several years, but fell behind in bond payments during the financial panic of 1873. The bondholders worked well with Mahone until 1876, when they had other receivers appointed. After several years of operating under receiverships, Mahone's role as a railroad builder ended in 1881 when northern interests purchased the A,M, & O and renamed it Norfolk and Western.
Mahone was able to arrange for the proceeds of the sale of the AM&O (including the former N&P) to help found 2 schools for teachers. The Virginia Normal and Collegiate Institute near Petersburg was forerunner of Virginia State College, which expanded to become Virginia State University. The other school he helped fund became Norfolk State College, which expanded to become Norfolk State University in Norfolk, Virginia.
The former South Side Railroad was originally one of 3 A,M & O divisions, and was later consolidated with the former N&P into a single division. The A,M & O did well for several years, but fell on hard times in the financial panic of 1873 which negatively impacted almost all of the railroads. After several years of operating under receiverships, Mahone's role as a railroad builder ended in 1881 when northern interests purchased the A,M, & O and renamed it Norfolk and Western. Mahone was able to arrange for a portion of the State's proceeds of the sale to help found a school to prepare teachers to help educate black children and former slaves. The Virginia Normal and Collegiate Institute near Petersburg was forerunner of Virginia State College, which expanded to become Virginia State University.
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