James River and Kanawha Co., 1837, Payment Receipt

Currency:USD Category:Collectibles / Historical Memorabilia Start Price:15.00 USD Estimated At:25.00 - 50.00 USD
James River and Kanawha Co., 1837, Payment Receipt
30.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2023 Jun 13 @ 13:25UTC-4 : AST/EDT

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Virginia, 1887. $25 Receipt acknowledging payment of Mr. John Morris, with a balance of $5. Receipt is in Fine-VF condition with minor damage to left margin. The James River and Kanawha Canal was a partially built canal in Virginia intended to facilitate shipments of passengers and freight by water between the western counties of Virginia and the coast. Ultimately its towpath became the roadbed for a rail line following the same course. Encouraged by George Washington, the canal project was begun in 1785 as the James River Company, and later restarted under the James River and Kanawha Canal Company. It was an expensive project which failed several times financially and was frequently damaged by floods. Though largely financed by the Commonwealth of Virginia through the Virginia Board of Public Works, it was only half completed by 1851, reaching Buchanan, in Botetourt County. When work to extend it further west stopped permanently, railroads were overtaking the canal as a far more productive mode of transportation. After the American Civil War, funds for resuming construction were unavailable from either the war-torn Commonwealth or private sources. The project also did poorly against railroad competition, finally succumbing to damage done by massive flooding in 1877. In the end, its right-of-way was bought and the canal was largely dismantled by the new Richmond and Allegheny Railroad, which laid tracks on the former towpath.