Description: Manuscript or small hole cancellation. Superb graphics. Excellent Condition. The Columbus and Xenia Railroad was a railroad which connected the city of Columbus, with the town of Xenia in the state of Ohio in the United States. Construction began in October 1847, and the line opened in February 1850. Connecting with the Little Miami Railroad, it created the first rail route from Cincinnati to Columbus. The Columbus and Xenia Railroad (C&X) was chartered on March 12, 1844. Among its early leaders was William Dennison, the future Governor of Ohio. The Little Miami Railroad linked Cincinnati and Xenia in 1845, and the C&X was intended to link Columbus to Xenia"creating the first rail link between Columbus and Cincinnati. In its charter, the C&X was authorized to issue $500,000 ($13,900,000 in 2020 dollars) in stock, but the incorporators had difficulty raising funds and initiating construction. Two years later, the state authorized Greene County to purchase $50,000 ($1,400,000 in 2020 dollars) of company stock, and the town of Xenia to purchase $5,000 ($100,000 in 2020 dollars) of company stock. The following year, the state authorized Franklin County and the city of Columbus to purchase $50,000 ($1,400,000 in 2020 dollars) of company stock each. The General Assembly also amended the C&X's charter to permit it to seek loans up to $300,000 ($8,300,000 in 2020 dollars). Greene County was authorized to purchased another $50,000 ($1,400,000 in 2020 dollars) in stock, and Xenia to purchase another $6,000 ($200,000 in 2020 dollars) in stock. Madison County was authorized to purchase up to $20,000 ($600,000 in 2020 dollars) in stock. By April 1845, the company had raised just $200,000 ($5,600,000 in 2020 dollars). With funds still in short supply, no survey of the route had been made by February 1847. The state legislature amended the company's charter in February 1848 to permit it to increase the stock by $1 million and to obtain loans in any amount necessary to complete the road. The C&X now had enough funds to begin construction of the line, but not enough to complet Item ordered may not be exact piece shown. All original and authentic.
Price: 120 USD
Location: Portsmouth, New Hampshire
End Time: 2025-01-27T21:07:29.000Z
Shipping Cost: 6.25 USD
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