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James Longstreet Signed Railroad Stock Certificate

Lot Number 459

Quantity: Bid Starts: 01/12/2011 12:00:00 
Bid Open: 700.00  Bid Ends: 01/27/2011 22:00:00 
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Description

Offered is a 1870 stock certificate from the New Orleans & Northeastern Railroad company signed by president, James Longstreet. Known by most as "Lee's War Horse" during the Civil War, General Longstreet tried to establish himself postwar as a businessman. In 1870, Longstreet became the president of the N&NE Railroad. The New Orleans and Northeastern Railroad was a Class I railroad in Louisiana and Mississippi in the United States. The railroad operated 196 miles of track from its completion in 1883 until it was absorbed by the Alabama Great Southern Railroad, a subsidiary of the Southern Railway, in 1969. The cancelled certificate was signed in black ink and grades ("8"). Full photo LOA from JSA.

The New Orleans and Northeastern Railroad was incorporated in 1868 in Louisiana (under the name of Mandeville and Sulphur Springs Railroad until 1870) and 1871 in Mississippi. No track was built, however, and the company's land lay unused until 1881, when control of the company was acquired by the Alabama, New Orleans, Texas and Pacific Junction Railways Company. Construction on the line began in 1882. The line opened in 1883 and extended 196 miles from New Orleans to Meridian, Mississippi. In 1916, the Southern Railway acquired the NO&NE, which eventually formed part of the Queen and Crescent Route. From that point on, the NO&NE is not believed to have operated any of its own equipment; Southern Railway equipment was used for all movements on the line. In 1969, as part of an effort to simplify its corporate structure, the Southern Railway's Alabama Great Southern Railroad operating subsidiary merged the NO&NE, ending its existence on paper.

 
 
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