Re: Per Diem and the NYO&W
Guys, the revenue for a 145 mile carload was not THAT small. Eventoggle quoted messageShow quoted text
if it took them two days to get the car over the road, the $5 and change
per diem was more than covered by the $50 or more in gross revenue.
All you have to do is find an NYO&W annual report for the period. It
probably shows the total for revenues and expenditures. On most
railroads of the period, more than 50% of revenues went straight to
wages of employees. I suspect because of its short haul that NYO&W
paid out a higher percentage of wages than other carriers.
To blame the NYO&W's demise on per diem is a real stretch! I note
that the L&NE died just a couple of years later; operated in the same
area; and no one is claiming that per diem killed the L&NE.
Heck we might as well go back to conspiracy theory -- that NYO&W
was doomed because NY wanted its right of way for state highway #7.
-------------- Original message ----------------------
From: "John Hile" <john66h@...>
--- In STMFC@..., "Gene Green" <bierglaeser@...> wrote: