Re: livestock shipments


Anthony Thompson <thompson@...>
 

Richard Hendrickson wrote:
A plausible speculation, Doug, with one exception: by the 1950s, the tax laws no longer made it advantageous to rebuild older cars rather than buying new ones.
Richard is entirely right. It was in late 1948 that the IRS changed considerably the regulations about rebuilt cars, no longer allowing the cost of rebuilding them to be "expensed" against income. A number of previously active rebuilders, such as PFE, paid a big back tax bill and immediately stopped rebuilding altogether.

However, the practice of replacing oder, worn out livestock cars with cars converted from obsolete box cars was almost universal in the railroad industry after World War II . . . Railroads that followed that practice included the Santa Fe, Great Northern, Union Pacific, Chicago & Northwestern, Rio Grande, Rock Island, New York Central, Grand Trunk Western, Western Pacific, and doubtless a bunch of others that don't come immediately to mind.
You can add both SP and T&NO, which had different approaches but which both did such conversions. And between them, they owned a pretty big fleet of stock cars.

Tony Thompson Editor, Signature Press, Berkeley, CA
2906 Forest Ave., Berkeley, CA 94705 www.signaturepress.com
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