Abstract:
Native North Carolinian George W. Swepson bought the Western Division of the Western North Carolina Railroad Company in 1868. After taking ownership, Swepson was granted more than six million in tax bonds from the state which he invested in a Florida Railroad company. The article reviews Swepson's illegitimate business practices, misappropriation of state funds, and the general corruptness of the state's government during the Reconstruction era.