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Cincinnati, New Orleans and Texas Pacific Railway Co. - Stock Certificate - Rail

Description: Stock. Very Attractive. The Cincinnati, New Orleans and Texas Pacific Railway (abbreviated: CNO&TP; (reporting mark CNTP)) is a railroad that runs from Cincinnati, Ohio, south to Chattanooga, Tennessee, forming part of the Norfolk Southern Railway system. The physical assets of the road were initially financed by the city of Cincinnati in the 1870s, and are still owned by the city. It is the only such long-distance railway owned by a municipality in the United States. The CNO&TP continues to lease that property and operates one rail line, the Cincinnati Southern Railway, between Cincinnati and Chattanooga. The line opened completely in 1880, and was financed by the city of Cincinnati. Construction was spurred by a shift of Ohio River shipping, important to the local economy. Fearing the loss of shipping traffic and the local salaries and tax revenue that came with it, the city recognized the need to remain competitive. The Ohio Constitution forbade cities from forming partnerships in stock corporations, so the city, led by Edward A. Ferguson, took upon itself the building of the railway. With wide popular approval, city voters voted for $10 million in municipal bonds in 1869 to begin construction. With 337 miles of track and many tunnels to construct, another bond for an additional $6 million was necessary. Some portions were open by 1877, but the entire line opened February 21, 1880. The last spike was placed on December 10, 1879. It opened for passenger service on March 8, 1880. The CNO&TP main line has three districts: the First District from Cincinnati, Ohio, to Danville, Kentucky; the Second District from Danville to Oakdale, Tennessee; and the Third District from Oakdale to Chattanooga. The Second District is known as the "Rathole" due to steep grades, 27 Item ordered may not be exact piece shown. All original and authentic.

Price: 100 USD

Location: Portsmouth, New Hampshire

End Time: 2024-11-20T19:24:01.000Z

Shipping Cost: 6.25 USD

Product Images

Cincinnati, New Orleans and Texas Pacific Railway Co. - Stock Certificate - Rail

Item Specifics

Return shipping will be paid by: Buyer

All returns accepted: Returns Accepted

Item must be returned within: 30 Days

Refund will be given as: Money Back

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