TAG Tennessee Alabama & Georgia Railway Co - unissued railroad stock certificate

Description

The Tennessee, Alabama and Georgia Railroad (TAG) was created through a reorganization of the Chattanooga Southern Railway in 1911. In 1922, the line's name was changed to the Tennessee, Alabama and Georgia Railway. The TAG ran from Chattanooga, Tennessee through northwest Georgia into Gadsden, Alabama, a distance of 91.7 miles. I offer for auction an unissued TAG capital stock certificate. The issue was for 0,000, divided into 150,000 shares with a par value of .00. T
TAG Tennessee Alabama & Georgia Railway Co - unissued railroad stock certificate
TAG Tennessee Alabama & Georgia Railway Co - unissued railroad stock certificate
Click images to enlarge
Description
The
Tennessee
, Alabama and Georgia Railroad
(TAG) was created through a reorganization of the
Chattanooga Southern Railway
in 1911. In 1922, the line's name was changed to the
Tennessee
, Alabama and Georgia Railway
. The TAG r
an from Chattanooga, Tennessee
through northwest Georgia
into Gadsden, Alabama, a distance of 91.7 miles
.
During the 1960s the railroad was owned by Mose and Garrison Siskin who owned the
Siskin Steel Company in Chattanooga.
They used the railroad to move steel products between Siskin Steel and
Republic Steel
in Gadsden. This made the TAG the only profitable short line railroad in the US during that period. The TAG was
purchased by the Southern Railway in 1971.
The northernmost 23 miles ending at Kensington, Georgia were operated by the
Chattanooga & Chickamauga Railway
until the
Dow Chemical
plant in Kensington closed in September 2009.
Norfolk
Southern, successor to Southern
,
began dismantling sections of the segment in March 2010.
Nearly all remnants of the line south of Kensington point are gone, except for the
Pigeon Mountain Tunnel
just south of Kensington and the piers of the
Yellow Creek Bridge
near Leesburg, Alabama on Lake Weiss. The steel bridge that crossed Yellow Creek now rests at the former location of the Gadsden terminal. The company
still exists as a subsidiary of Norfolk Southern.
Items from the TAG are seldom found, but
I offer for auction an unissued TAG capital stock certificate
. The
issue was for 0,000, divided into 150,000 shares with a par value of .00.
The certificate measures appx 12 1/2 x 8 1/ inches and is printed on a thick paperstock.
Attached to the left side is the railroad's receipt slip
, which was torn irregularly when the railroad removed it from the stock pad. The certificate is in
excellent condition
, with no writing, markings or punch holes; there are no rips or tears other than the irregular tear line mentioned above.
A chance for the TAG collector to obtain a rare jewel.
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