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Atlantic And Yadkin Railway
The Atlantic and Yadkin Railway was a short line railroad within North Carolina from 1899 to 1950. It ran from Mount Airy southeast to Sanford, primarily serving the Piedmont region. Some of the rails are still in use as of 2006 as parts of the Yadkin Valley Railroad. History This railroad's short lifespan covered 1899 to 1950, but some of its rails were laid down in the 19th century as part of the Cape Fear and Yadkin Valley Railway (CF&YV) which ran from the Atlantic port of Wilmington, North Carolina, all the way to Mount Airy with a significant branch to Bennettsville, South Carolina. The Atlantic and Yadkin Railway came into being when representatives of the Wilmington and Weldon Railroad (soon to be reorganized as the Atlantic Coast Line Railroad) outbid the Southern Railway for the debt-ridden and bankrupt CF&YV in an 1899 auction. The Wilmington & Weldon Railroad (W&W) had a clause in its incorporation that required any railroad purchased by the W&W to be pla ...
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North Carolina
North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and South Carolina to the south, and Tennessee to the west. In the 2020 census, the state had a population of 10,439,388. Raleigh is the state's capital and Charlotte is its largest city. The Charlotte metropolitan area, with a population of 2,595,027 in 2020, is the most-populous metropolitan area in North Carolina, the 21st-most populous in the United States, and the largest banking center in the nation after New York City. The Raleigh-Durham-Cary combined statistical area is the second-largest metropolitan area in the state and 32nd-most populous in the United States, with a population of 2,043,867 in 2020, and is home to the largest research park in the United States, Research Triangle Park. The earliest evidence of human occupation i ...
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Bankrupt
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into ...
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1899 Establishments In North Carolina
Events January 1899 * January 1 ** Spanish rule ends in Cuba, concluding 400 years of the Spanish Empire in the Americas. ** Queens and Staten Island become administratively part of New York City. * January 2 – **Bolivia sets up a customs office in Puerto Alonso, leading to the Brazilian settlers there to declare the Republic of Acre in a revolt against Bolivian authorities. **The first part of the Jakarta Kota–Anyer Kidul railway on the island of Java is opened between Batavia Zuid ( Jakarta Kota) and Tangerang. * January 3 – Hungarian Prime Minister Dezső Bánffy fights an inconclusive duel with his bitter enemy in parliament, Horánszky Nándor. * January 4 – **U.S. President William McKinley's declaration of December 21, 1898, proclaiming a policy of benevolent assimilation of the Philippines as a United States territory, is announced in Manila by the U.S. commander, General Elwell Otis, and angers independence activists who had fought against Sp ...
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Railway Companies Disestablished In 1950
Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles (rolling stock) are directionally guided by the tracks on which they run. Tracks usually consist of steel rails, installed on sleepers (ties) set in ballast, on which the rolling stock, usually fitted with metal wheels, moves. Other variations are also possible, such as "slab track", in which the rails are fastened to a concrete foundation resting on a prepared subsurface. Rolling stock in a rail transport system generally encounters lower frictional resistance than rubber-tyred road vehicles, so passenger and freight cars (carriages and wagons) can be coupled into longer trains. The operation is carried out by a railway company, providing transport between train stations or freight customer faciliti ...
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Railway Companies Established In 1899
Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles (rolling stock) are directionally guided by the tracks on which they run. Tracks usually consist of steel rails, installed on sleepers (ties) set in ballast, on which the rolling stock, usually fitted with metal wheels, moves. Other variations are also possible, such as "slab track", in which the rails are fastened to a concrete foundation resting on a prepared subsurface. Rolling stock in a rail transport system generally encounters lower frictional resistance than rubber-tyred road vehicles, so passenger and freight cars (carriages and wagons) can be coupled into longer trains. The operation is carried out by a railway company, providing transport between train stations or freight customer faciliti ...
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Defunct North Carolina Railroads
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Rail Trail
A rail trail is a shared-use path on railway right of way. Rail trails are typically constructed after a railway has been abandoned and the track has been removed, but may also share the right of way with active railways, light rail, or streetcars (rails with trails), or with disused track. As shared-use paths, rail trails are primarily for non-motorized traffic including pedestrians, bicycles, horseback riders, skaters, and cross-country skiers, although snowmobiles and ATVs may be allowed. The characteristics of abandoned railways—gentle grades, well-engineered rights of way and structures (bridges and tunnels), and passage through historical areas—lend themselves to rail trails and account for their popularity. Many rail trails are long-distance trails, while some shorter rail trails are known as greenways or linear parks. Rail trails around the world Americas Bermuda The Bermuda Railway ceased to operate as such when the only carrier to exist in Bermuda folded in 1948. ...
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Interstate Commerce Commission
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887. The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including interstate bus lines and telephone companies. Congress expanded ICC authority to regulate other modes of commerce beginning in 1906. Throughout the 20th century, several of ICC's authorities were transferred to other federal agencies. The ICC was abolished in 1995, and its remaining functions were transferred to the Surface Transportation Board. The Commission's five members were appointed by the President with the consent of the United States Senate. This was the first independent agency (or so-called ''Fourth Branch''). Creation The ICC was established by the Interstate Commerce Act of 1887, which was signed into law by President Grover Cleveland. The cr ...
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Greensboro, North Carolina
Greensboro (; formerly Greensborough) is a city in and the county seat of Guilford County, North Carolina, United States. It is the third-most populous city in North Carolina after Charlotte and Raleigh, the 69th-most populous city in the United States, and the largest city in the Piedmont Triad metropolitan region. At the 2020 census, its population was 299,035. Three major interstate highways (Interstate 40, Interstate 85, and Interstate 73) in the Piedmont region of central North Carolina were built to intersect at this city. In 1808, Greensborough (the spelling before 1895) was planned around a central courthouse square to succeed Guilford Court House as the county seat. The county courts were thus placed closer to the county's geographical center, a location more easily reached at the time by the majority of the county's citizens, who traveled by horse or on foot. In 2003, the previous Greensboro–Winston-Salem– High Point metropolitan statistical area was redefin ...
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Winston-Salem, North Carolina
Winston-Salem is a city and the county seat of Forsyth County, North Carolina, United States. In the 2020 census, the population was 249,545, making it the second-largest municipality in the Piedmont Triad region, the 5th most populous city in North Carolina, the third-largest urban area in North Carolina, and the 90th most populous city in the United States. With a metropolitan population of 679,948 it is the fourth largest metropolitan area in North Carolina. Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly known as the Wachovia Building and now known locally as the Wells Fargo Center. In 2003, the Greensboro-Winston-Salem-High Point metropolitan statistical area was redefined by the OMB and separated into the two major metropolitan areas of Winston-Salem and Greensboro-High Point. The population of the Winston-Salem metropolitan area in 2020 was 679,948. The metro area covers over 2,000 square miles and spans the five cou ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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