How much did it cost to dieselize the Rutland?

From Volume 17, Number 1 of the Rutland Railroad Historical Society’s publication, “The Newsliner” via contributor Steve Mumley:

#500 – GE 70 Ton Locomotive. Purchase Price, $74,895. Down payment, $14,895. $60,000 financed with Killington Bank and Trust Co.

#400-405 – Alco RS-1 – Purchase price each, $114,283. Total price, $685,698. Down payment, $367,000. Balance financed with Hanover Bank, New York City.

#200-204 – Alco RS-3 – Purchase price each, $147,589. Total Price $737,948. Down payment, $11,135. Balance financed with Chase National Bank.

#205-208 – Alco RS-3 – Purchase price each, $155,830. Total price, $623,320. Down payment, $207,760. Balance financed with First National Bank of Boston.

So the total cost to purchase a sixteen unit locomotive fleet in 1951-52, $2,121,861.


Did you find this post informative? Would you like more information? Why not join the RRHS for a year? Membership starts at only $15, sign up today. Back issues are also available.

Leave a Reply