This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Obama Will Be Renominated in the Last Confederate Capital

Stocks in this article: BACDUKLCC

CHARLOTTE ( TheStreet) -- Perhaps the exhilaration surrounding the election of the first black president will be restored next month by a historic juxtaposition, when Barack Obama will be renominated nine blocks from the last meeting of the full Confederate cabinet.

Charlotte is a city of the New South today, its downtown vibrant and filled with skyscrapers, corporate headquarters, museums, upscale restaurants and professional sports facilities. That is the city Obama selected as the site of the 2012 Democratic National Convention, which will take place during the week of Sept. 3.

While few Civil War battles were fought in North Carolina, the war's closing in April 1865 brought a focus on North Carolina and Charlotte, a small town with a few thousand residents. The second surrender of Confederate troops, following the April 9 Appomattox surrender, was in Durham. The last full meeting of the Confederate cabinet occurred on April 26, 1865, in a planter's home near downtown Charlotte.

That April, Confederate President Jefferson Davis and his cabinet fled Richmond. They reached Greensboro by train and mounted horses. Accompanied by cavalry and wagon trains, they continued south to Charlotte, arriving April 18. Eight days later, following the last full cabinet meeting, they departed for South Carolina. For a week and one day, Charlotte was the Confederacy's de facto capital. Thus it is sometimes referred to as "the Last Capital of the Confederacy."

Few remnants of the Confederate legacy exist today. The one most likely to be noticed by convention visitors is a plaque embedded in the sidewalk on South Tryon Street near Fourth Street. The plaque states: "Jefferson Davis was standing here when informed of Lincoln's death. April 18, 1865." A second plaque, on North Tryon Street between Phifer Avenue and 10th Street, commemorates the final cabinet meetings, between April 22 and April 26

The plaques, like the sites of the two homes occupied by the widow of Confederate general Stonewall Jackson, are all within blocks of Time Warner Cable Arena, the convention site, and of Bank of America Stadium, where Obama will give his acceptance speech.

In the century and a half since the Civil War ended, Charlotte remade itself. Downtown is home to the headquarters of Bank of America (BAC) and Duke Energy (DUK), the Levine Museum of the New South, two new art museums and the Nascar Hall of Fame. The city is also the largest, most profitable hub for US Airways (LCC).

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs