This is a tributary of the Cape Fear River near the location of the original Kornegay's Bridge and is just down the road from "Waterloo".  The bridge itself no longer exists, but we believe that this is the tributary that it crossed.  The Cape Fear River drains the entire area and looking at the marshy land, it's easy to see why a bridge was necessary for the local economy to function.  The course of the river may have changed over the intervening centuries, but this is just the way our earliest ancestors would have seen it.  Their livelihood depended on it as it was the only means they had of transporting the turpentine they produced to the ports along the Carolina coast.