Raleigh and Gaston Rail Road Company. #756 for 10 shares issued to trustee Welton. President's name has been hole punch cancelled. Small vignette of man and or train. The Raleigh and Augusta Air Line Railroad dates back to the early 1850s, when the line was chartered by the North Carolina General Assembly as the Chatham Railroad in February 1851. In 1871, it changed its name to the Raleigh and Augusta Air Line Railroad. They wanted to build a line from Raleigh to Augusta, Georgia, through Columbia, South Carolina. However, it never progressed past the North Carolina-South Carolina state line, where it met the Palmetto Railroad. Also, Atlanta and Charlotte Air Line. #1939 for 25 shares issued in 1890. Steam train leaving round house vignette. The Raleigh and Augusta Air Line Railroad dates back to the early 1850s, when the line was chartered by the North Carolina General Assembly as the Chatham Railroad in February 1851. In 1871, it changed its name to the Raleigh and Augusta Air Line Railroad. They wanted to build a line from Raleigh to Augusta, Georgia, through Columbia, South Carolina. However, it never progressed past the North Carolina-South Carolina state line, where it met the Palmetto Railroad. North Carolina