Algernon Sidney Buford (January 2, 1826 – May 6, 1911) was a Virginian businessman, politician, and lawyer best known for his 22-year presidency of the Richmond and Danville Railroad, during which he was responsible for growing the line from 140 miles in length to 3,000 miles in length. Born in North Carolina to parents of Virginia stock, Buford grew up in Pittsylvania County, Virginia and attended the University of Virginia from 1846 to 1848, graduating with a Bachelor of Law. For the next decade, he practiced law in Pittsylvania and Danville and became the owner and editor of the Danville Register. These occupations were interrupted by a year's service in the Virginia House of Delegates in 1853.
When the Civil War broke out in Spring 1861, Buford enlisted in the Confederate States Army and was assigned to the Army of Northern Virginia, in which he served until Fall 1861. At that point, the residents of Pittsylvania County again elected him to the House of Delegates. During the war, Virginia Governor John Letcher brevetted Buford a lieutenant colonel in the Virginia militia. In this position, Buford watched over sick and injured Confederate troops at "Buford's Home" and forwarded important military supplies to soldiers on the front lines. After Appomattox in April 1865, Buford resigned from the legislature and returned to Danville. He was elected President of the Richmond and Danville Railroad on September 13, 1865, and consequently moved back to Richmond in early 1866.
Over the next two decades, Buford guided the railroad through its best years. In 1866, the R&D had 154 miles of track and $284,790 in profit. By 1886, it had grown to 2,670 miles of track and $1,767,662 in profit. Adjusting for deflation in the late 19th century, Buford delivered a 1,050% growth in profit over 20 years. In the course of those years, however, the controlling interests in the company became contrary to Buford's established policies of management and he tendered his resignation in late 1886.
For the next few years of his life, Buford devoted himself to the Virginia Agricultural and Mechanical Society and served as its president for four years. In 1893, he ran for governor of Virginia but was defeated by Charles T. O'Ferrall. He was also involved with the direction of the Merchants National Bank of Richmond. In 1911, Algernon S. Buford died at his home in Richmond and was buried at Hollywood Cemetery.
Early life (1826–1865) Buford was a graduate of the University of Virginia, and came to Chatham, Virginia, to enter the practice of law. His choice was understandable, since several illustrious attorneys had established practices in the town, including Whitmell Pugh Tunstall, who had been the creator and first president of the Richmond and Danville Railroad.
Buford was related to Tunstall. He was Tunstall's nephew-in-law and in manner of speaking, his brother-in-law as well. He married Emily Winifred Townes, daughter of George Townes and Eliza Barker Tunstall. Eliza was the older sister of Whitmell P. Tunstall, and had reared him after the death of their mother.
Buford represented Pittsylvania County in the Virginia House of Delegates during 1853 and 1854.
During the American Civil War, in 1863, Buford was in charge of the Virginia Depot, on 13th street, south of Cary Street, (Shockoe Slip), in Richmond. After the war, he became known as Col. Buford.
President of the Richmond and Danville Railroad (1865–1887) Over the next two decades, Buford guided the railroad through its best years. In 1866, the R&D had 154 miles of track, $672,714 in earnings, $284,790 in profit, 25 locomotives, and 285 total cars. By 1886, it had grown to 2,670 miles of track, $3,981,355 in earnings, $1,767,662 in profit, 126 locomotives, and 2,551 total cars. Adjusting for deflation in the late 19th century (i.e., converting 1866 USD to 1886 USD), the 1866 earnings decrease to $397,705 and profit decreases to $168,366. When the 1886 numbers are taken as percentages of the 1866 numbers, the growth rates in earnings and profit are given: 1,001% growth in earnings and 1,050% growth in profit.
With the support of Virginia Governor Francis H. Pierpont, on September 13, 1865, Colonel Buford became president of the Richmond and Danville Railroad (R&D). Damage from the war, including the bridge across the James River between Manchester and Richmond was repaired.
Over the next 20 years, as R&D President, Col. Buford extended the trackage to three thousand miles. The R&D's early acquisitions included the Piedmont Railroad in 1866, and the North Carolina Railroad in 1871.