VIRGINIA & SOUTHWESTERN RAILWAY Stock 1903 VA-TN Virginia Iron Coal & Coke VF+++

Description

Virginia and Southwestern Railway Company. Stock issued January 28, 1903. Incorporated February 21, 1899 in the State of Virginia
. Embossed company seal lower center. Certificate
No. 108
was issued to
T. L. Buckingham
for 60 shares of capital stock (0 per share). Company capital was
,000,000
. Hand signed by company president and treasurer. Certificate No. 7” x 10.5.” Black print with dark-red overprint/underprint.
Vignette with train in yard.
The Virginia and Southwestern Railway was formed in 1899 by George L. Carter as a consolidation of his South Atlantic & Ohio Railroad and Bristol, Elizabethton & North Carolina Railroad companies. The Virginia and Southwestern operated within the states of Virginia and Tennessee, primarily hauling coal and timber. The Virginia & Southwestern was controlled of the Virginia Iron, Coal and Coke Company but it operated independently.
The owned mileage of the Virginia & Southwestern extended southwesterly from St. Charles, Virginia, to Mountain City, Tennessee, and from Moccasin Gap, Virginia, to Bull's Gap, Tennessee, with branches from Big Stone Gap to Linden Mines, Virginia, from Rexford to Buladeen, Tennessee, and from Persia Junction to Rogersville, Tennessee.
When the Virginia Iron, Coal, and Coke Company went into bankruptcy in 1906, the Virginia & Southwestern Railroad was sold to the Southern Railway to ensure its access to the Virginia coal traffic. For eight years after 1909, the Virginia and Southwestern Railroad partnered with the Interstate Railroad and created the Appalachian Terminal Association.
Condition:  Very Fine+++
, no folds, no creasing, no tears, light signs of wear/handling/toning (see photos), punch and stamp cancelled.
Printer:
American Bank Note Company, New York.
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