Tag: Louisville & Nashville Railroad (L&N)

Wikipedia says: The Louisville and Nashville Railroad (reporting mark LN), commonly called the L&N, was a Class I railroad that operated freight and passenger services in the southeast United States.

Chartered by the Commonwealth of Kentucky in 1850, the road grew into one of the great success stories of American business. Operating under one name continuously for 132 years, it survived civil war and economic depression and several waves of social and technological change.

Early history and Civil War

Its first line extended barely south of Louisville, Kentucky, and it took until 1859 to span the 180-odd miles (290 km) to its second namesake city of Nashville. There were about 250 miles (400 km) of track in the system by the outbreak of the Civil War, and its strategic location, spanning the Union/Confederate lines, made it of great interest to both governments.

During the Civil War, different parts of the network were pressed into service by both armies at various times, and considerable damage from wear, battle, and sabotage occurred. (For example, during the Battle of Lebanon in July 1863, the company’s depot in Lebanon, Kentucky, was used as a stronghold by outnumbered Union troops). However, the company benefited from being based in the Union state of Kentucky, and the fact that Nashville fell to Union forces within the first year of the war and remained in their hands for its duration. It profited from Northern haulage contracts for troops and supplies, paid in sound Federal greenbacks, as opposed to the rapidly depreciating Confederate dollars. After the war, other railroads in the South were devastated to the point of collapse, and the general economic depression meant that labor and materials to repair its roads could be had fairly cheaply.

Buoyed by these fortunate circumstances, the firm began an expansion that never really stopped. Within 30 years the network reached from Ohio and Missouri to Louisiana and Florida. By 1884, the firm had such importance that it was included in the Dow Jones Transportation Average, the first American stock market index. It was such a large customer of the Rogers Locomotive and Machine Works, the country’s second largest locomotive maker, that in 1879 the firm presented L&N with a free locomotive as a thank-you bonus.