[1] Developed in the 1830s, it was the second oldest railroad line west of the Allegheny Mountains.
[2] Its charter proposed the establishment of a link between Lexington in the center of the Bluegrass Region to the river port of Louisville at the Falls of the Ohio by way of Frankfort, the state capital.
[1] The Commonwealth seized the railroad in payment of its debts in 1840.
The rights-of-way of the former L&O were later purchased and utilized by the Louisville & Frankfort and Lexington & Frankfort railroads, which subsequently merged into the Louisville, Cincinnati and Lexington Railroad.
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