Word: mullet
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Dates: during 1940-1949
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Tired of losing money, the State (which owns 72% of the stock) offered to sell the Mullet Line to the Southern Railway. Southern made a survey, found that normal crosstie replacements had been made in only six of the past 26 years, politely declined. State officials hid Southern's survey carefully away and started looking for someone who didn't know any better than to buy the road...
...Atlantic & North Carolina ever gets into a history of U.S. railroads, it will be a footnote to a footnote. It operates 95.82 miles of single track from Morehead City (pop. 3,483) on the coast to Goldsboro (pop. 14,958). Tarheels call it the "Mullet Line," because it used to haul so many fish. Yet last week no U.S. railroad man, seeking to justify private v. State ownership, could have hoped for a neater case than the Atlantic & North Carolina...