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Re: PC: RE: Re: Why no money?




> They got greedy, and over-diversified. For example, what business 
> did a railroad have in owning part of a hockey team? 

The business of trying to get a profit in one part of the corporation
trying to keep the railroad afloat. It worked for PRR and NYC for a
decade or so. There was no way they were going to make a profit strictly
by railroading. None.

> Also, what about the large purchases of locomotives? Why did they 
> purchase new engines, and not take care of the ones they had?

Others will loan you money to buy new equipment. You can't get this money
for upkeep, and the railroad wasn't bringing in the kind of money it
needed to fix things.

Bryan Turner
http://homestead.juno.com/lnrr/index.html
http://www.qsl.net/w8ln/

Amtrak in the South Email List - http://groups.yahoo.com/group/South_Wind
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