Walton Railroad The 10-mile line from Monroe to Social Circle, built in 1880, was operated by the Georgia Railroad, which had provided $42,500 for its construction. Soon after the Walton opened, Central of Georgia president William M. Wadley acquired a majority of its stock. He also obtained control of the Gainesville Jefferson and Southern Railroad, which ran north from Monroe, as well as a lease of the Georgia itself. In 1884, Wadley’s successors consolidated the GJ&S and the Walton, but in 1897 the combined operation entered receivership and in 1904 was sold. Most of the railroad was sold to Savannah investors who reorganized it as the Gainesville Midland Railway. The former Walton was sold separately to Jacob Phinizy who incorporated it as the Monroe Railroad.   Timetable from Travelers' Official Railway Guide for the United States and Canada, September, 1882.  Georgia's Railroad History & Heritage. Copyright, Steve Storey. Railroad History | The Depot List | Locomotives On Display | Odds & Ends | Sources & References | Home