In a message dated 6/8/2007 7:32:35 P.M. Eastern Standard Time,  
[EMAIL PROTECTED] writes:

Far from  dull, the book is a great read about how the industry  
limped through  the 50's and 60's and ended up 


Have to keep the good natured rivalry alive.  Actually, the Late,  GREAT 
PRR's 1947 or 1948 Annual Report stated that the Railroad PAID MORE in  taxes 
in 
the State of New Jersey than they took in in revenue in that  state.  
Obviously, they had to get thru New Jersey to enter the GREAT State  of 
Pennsylvania.  
By that time (1948) the railroads were patching and  piecing themselves back 
together after being all but destroyed by taxation and  Deferred Maintainence 
due to WWII.  Since NO repairs were allowed, ALL  income was taxable and the U 
S Gov't took every penny they could get.
 
Jim "STILL PRR PROUD on the Keystone Main" Lyle



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