From The D&H group
- Message: 23
Date: Mon, 01 Mar 2004 22:55:29 -0000
From: "jgmartin4106" <camartin6@...>
Subject: Re: Walthers D&H Thrall door boxcars
When originally delivered, the Thrall cars were assigned to Glens
Falls, New York, for lumber loading by Martin Lumber Company (a/k/a
DLMS Lumber Sales) of Lake George, New York. Martin Lumber (no
relation to me) was in the process of setting up a loading facility
on the FJ&G, but it wasn't ready. Shortly after it was operational
and the cars followed the traffic, Martin went bankrupt.
Remember, this was in 1974, before deregulation and at the very
beginning of the changes in car hire and usage regulations that led
to the Incentive Per Diem boxcar craze.
Thirty years later, we are trying to make sense of the old ICC
regulations, the new car hire rules, the complicated relationships
between the D&H, D-O, CACV and FJ&G, ICC equipment trust rules, bank
collateral requirements, Fulton County IDA financing (for the new
facility) and the sudden influx of State money to the D&H. At the
center of the spider web was a lumber company desperately trying to
compete in a rapidly-changing economic world and going bankrupt!
By the time the Evans all-door cars arrived, things were settled and
they were labelled for the FJ&G.
Sometimes, there just are no easy answers and, as David P. Morgan
used to say, the truth is "lost in the mists of antiquity."
But we keep trying......
A Division of Quad/Graphics
Saratoga Springs, New York