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Re: PC: RDG locomotives
- Subject: Re: PC: RDG locomotives
- From: DougTblood@xxxxxxx
- Date: Tue, 28 Jul 1998 08:47:27 EDT
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
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