Charter and early construction (1852–1858) The Kentucky legislature chartered the L&BS in 1852 to build from Lexington to the Big Sandy. Construction progressed on the eastern end: by 1857–1858 about a dozen miles from Ashland to Princess/Coalton were in service, including the Princess Tunnel, before the financial panic checked expansion.
Reorganization and completion (1869–1881) Following the war, the enterprise was reorganized in 1869 as the
Elizabethtown, Lexington and Big Sandy Railroad. The eastern works (Ashland–Princess–Coalton) continued as the L&BS’s Eastern Division and were later renamed the
Ashland Coal & Iron Railway (March 31, 1881). The Lexington–Ashland route was finished in stages and was open through Rowan County by 1881.
Absorption into the C&O Between 1880 and 1892 the C&O leased and then purchased the EL&BS (including the former L&BS works) and operated the corridor as its
Lexington Subdivision. == Route ==