Dedicated in 1910, the monument was designed by Daniel Chester French, Henry Bacon, and the Piccirilli Brothers and honors Samuel Spencer, a railroad executive who died in 1906.

[2][3] Following this, over 30,000 employees of the Southern Railway donated money to commission a statue honoring their late president.

[3] The statue was designed by Henry Bacon, Daniel Chester French, and the Piccirilli Brothers and was unveiled on May 21, 1910, in front of Terminal Station in Atlanta, Georgia.

[2][5] On July 3, 1970, the statue was rededicated outside of Peachtree station in the Brookwood neighborhood of Atlanta.

[2] The monument was moved for a third and final time on May 30, 2009, to a plaza in front of Norfolk Southern's offices, located along Peachtree Street in midtown Atlanta.