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Never materialized, and same year renamed as Wilmington & Newbern Railroad. 1893 merger of the East Carolina Land & Railway Company and the Wilmington, Onslow & East Carolina Railroad. From a March 18, 1897 article in the New York Times: On the application of the State Trust Company of this city the Wilmington, Newbern and Norfolk Railroad has been placed in the hands of a receiver, H.A. Whiting. The road operates 88.41 miles of 4.9 gauge track from Wilmington to Newbern, N.C., and its president is Thomas A. McIntyre. It cost $2,397,000 and its liabilities are $2,442,000. The mortgage figuring in the proceedings is for $1,200,000. |
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