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The acronym AM&O was said to stand for "All Mine and Otelia's." The AM&O operated profitably in the early 1870s but like many railroads encountered financial problems during the Panic of 1873.

A fourth road of the AM&O family was planned to extend west through the Cumberland Gap to Kentucky, but was never built.

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The Mahones moved to the headquarters city of Lynchburg, the midpoint of the AM&O.

It was headquartered in Roanoke, Virginia, for most of its existence.

Its motto was "Precision Transportation"; it had a variety of nicknames, including "King Coal" and "British Railway of America" even though the N&W had mostly articulated steam on its roster.

The NW and the Southern Railway continued as separate railroads now under one holding company.

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On December 31, 1990, the Southern Railway was renamed "Norfolk Southern Railway" to reflect the Norfolk Southern Corporation and on the same day, the renamed Norfolk Southern Railway gained full control of the Norfolk and Western Railway with the Norfolk and Western being transferred from the holding company to the renamed Norfolk Southern Railway, this began the final years of Norfolk and Western which was absorbed into the renamed Norfolk Southern Railway seven years later in 1997 (1990 to 1997 the Norfolk and Western continued operating by using paper operations).By 1983, steam in America on class I, II, III, and mining railroads had finally closed the chapter on America's 150 years of steam from 1830 - 1983.