very nice find. really neat wording. like someone to id the meaning
it's definitely wilmington , nc.
this is from wikipedia quoted
"Originally chartered in 1835 as the Wilmington and Raleigh Railroad, the Wilmington and Weldon Railroad name began use in 1855. At the time of its 1840 completion, the line was the longest railroad in the world with 161.5 miles of track.[1] The railroad played a key role in the Siege of Petersburg during the American Civil War.
Among the early employees of the W&W RR was assistant engineer William G. Lewis. The future Civil War general began his railroad career in 1858.
In 1872, the railroad was leased by the Wilmington, Columbia and Augusta Railroad, but this lease ended in 1878 when the WC&A went bankrupt. Eventually the W&R was merged into the Atlantic Coast Line Railroad on April 21, 1900."
here's a link to wilmington lirary . may be you could get answers of the wording on the tag.
http://www.wilmingtonrailroadmuseum.org/content/briefhistory.php