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Railroad history
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==== Richmond & Danville >>> Southern Railway System (1894-1982) ==== On June 18, 1894, the R&D was sold in foreclosure. Its property was surrendered to Southern Railway Company for operation on July 1, 1894, even though the deeds of conveyance were not completed and filed until later. Reorganized by J.P. Morgan and his New York banking firm of Drexel, Morgan and Company, the R&D was merged with five other railroads to form the new Southern Railway. The R&D property was formally conveyed to Southern Railway Company by deeds dated January 9, 1896, and August 30, 1897. The Southern Railway Company, incorporated in Virginia on the same date, June 18, 1894, controlled over 4,000 miles (6,400 km) of line at its inception. Samuel Spencer became Southern's first president. Norfolk Southern (1982-present) Norfolk Southern Corporation, a holding corporation, acquired control of Norfolk and Western Railway Company and Southern Railway Company and their affiliates and subsidiaries on June 1, 1982, after approval by the Interstate Commerce Commission. Effective December 31, 1990, Southern Railway Company changed its name to Norfolk Southern Railway Company.
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