Paragould and Memphis Railway Memorabilia Value Guide
The Paragould and Memphis Railway began operating in 1902 but we do not know exactly when it stopped service. Often when dates like this are missing it is because the railroad changed names or was bought out, which could mean that it never really stopped operating but the name change or date of the buy out may not be exactly known so we end up with a question mark about it.
Railroads in the United States began development as early as the 1820s along the East Coast of the US and expanded westward with the major milestone in the completion of the Transcontinental Railroad in 1869. Railroads were developing rapidly through the late 1800s with many new railroads being started in the 1880s and 90s. As time progressed railroads began consolidating and today there are only 7 Class I railroads where once there were over 100. Railroads have adapted over the years from what used to be a good mix of freight and passenger transportation to what today is almost exclusively freight.
Paragould and Memphis Railway only operated in 1 state which is indicative of smaller lines, or in some cases lines in larger states. Many one state railroads are short line railroads that didn't have large areas of coverage or large promotional budgets so items from them are likely to be somewhat rare and could be worth more if the railroad didn't exist for long or if it didn't produce many collectible items.
Paragould and Memphis Railway Operated Routes in the Following States: Arkansas