![]() ![]() The city was quickly becoming crisscrossed with railroad tracks and cars carrying goods to the city and leaving with goods manufactured by local industries. Two large railroad systems, namely the Southern Railway System and the Seaboard Airline, began rolling through Columbus. This new era of railroad building saw the Central of Georgia extending three of its lines. At the time of his death in 1906, Spencer was recognized as a leading figure in the development and evolution of the “New South.” Spencer was one of seven killed in a collision of two passenger trains on his own railroad. During his dozen years as president, the line greatly increased in length and gross earnings. Samuel Spencer of Columbus was the first president of the Southern Railway Co. Although the financial control of the Southern was exclusively in Northern hands, Southerners held top management positions. The Southern Railway Co., with branches throughout the South, was a part of the J.P. In July 1896, the company was acquired by Southern Railway Co., which had begun operation in July 1895. Lancaster, and George Sherman, who reorganized it as the Georgia Midland Railroad under a state charter granted in March 1896. The company was then operated under receivership until 1896. The Georgia Midland and Gulf became one of many victims of this depression and went into bankruptcy in 1894. In mid-1894, the nationwide rail depression hit its peak, a quarter of the nation’s railroads were operated by receivers with about $25,000,000 of railroad capital affected.
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