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Re: PC: RDG locomotives

In a message dated 98-07-27 22:18:28 EDT, you write:

> Bill K wrote:
>  > 
>  > Was the RDG bankrupt?  they bought new engines on their own as late as
>  > (where the LV got engines with USRA financing).  I know C&O took a
>  > dumping their shares of RDG stock.
>  > 
>  The RDG was in such bad shape that near the end (1975), they didn't have
>  enough cash to pay their employees.  On payday, employees received both
>  a check (small) and a promissory note for the balance. I don't know when
>  or if those notes were redeemed.
>  Of course, like most other railroads, the RDG didn't really buy their
>  locomotives, they leased them.
>  Gary Stuebben

The Reading GP39-2's were bought on Chessie's ticket and were
returned to CSX when the lease expired in 1991/92. A Swag is the
GP40-2's were a USRA deal as they stayed w/ Conrail but it's only
a guess....


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