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 Post subject: Re: Santa Fe rebuild for Smithsonian?
PostPosted: Fri Jul 15, 2005 12:28 pm 

Joined: Thu Aug 19, 2004 2:19 pm
Posts: 1124
Location: Washington, D.C.
Stephen Hussar wrote:
Where is the SI's PA stored?
It's at Brooklyn Roundhouse with Doyle's. The came in on flatcars together.

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 Post subject: Re: Recent Photo of Doyle McCormick's PA
PostPosted: Fri Jul 15, 2005 12:30 pm 

Joined: Thu Aug 19, 2004 2:19 pm
Posts: 1124
Location: Washington, D.C.
Ted Miles wrote:
Folks,I don't know much about the Nickel Plate Road. Did it operate any PAs?Or is it simply a matter of Doyle or somebody in his crew liking the NKP?I have the Santa Fe scheme American Flyer ABs on my shelf at home. If and when the Smithsonian ever does their engine over we are a ll in for a treat!Ted Miles
From nkp190.com:Q: Why paint the PA in Nickel Plate colors?A: Doyle says: "Because it's mine and I want it that way."To elaborate, having grown up in Conneaut, OH, and having a father who worked for the Nickel Plate, Doyle has a special fondness for the road. Futhermore, NKP190 was the first locomotive in which Doyle got to ride. And besides, it's just a damn nice paint scheme—a statement with which few could argue.

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 Post subject: Re: Santa Fe rebuild for Smithsonian?
PostPosted: Fri Jul 15, 2005 2:02 pm 

Joined: Sun Aug 22, 2004 1:42 am
Posts: 39
Location: Seattle,WA
Erik Ledbetter wrote:
Stephen Hussar wrote:
Where is the SI's PA stored?
It's at Brooklyn Roundhouse with Doyle's. The came in on flatcars together.
The other PA, owned by the SI is not currently stored at the Roundhouse due to an lack of space. Last I heard, it is still stored in the Albany area.Dan


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 Post subject: Re: Santa Fe rebuild for Smithsonian?
PostPosted: Fri Jul 15, 2005 2:40 pm 

Joined: Thu Aug 19, 2004 2:19 pm
Posts: 1124
Location: Washington, D.C.
Beg pardon, thanks for the correction.

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 Post subject: Re: Succession Plan
PostPosted: Sat Jul 16, 2005 6:00 pm 

Joined: Wed Sep 08, 2004 10:22 pm
Posts: 180
Location: Southern California
Though it may seem premature and somewhat mercenary, it would be nice to put a succession plan in place for the locomotive. A buy-sell agreement would ensure Doyle's family of a firm market value for the locomotive. Several institutions might be considered viable suitors for such an agreement. CSRM, OERM, Niles Canyon, Portola (just in California alone). The way this would work is that the proposed buyer would insure Doyle with life insurance in the amount of the purchase. It is done all the time as a standard business arrangement. I cannot think of a better win-win for all parties involved.A single premium policy may be as cheap as $25,000, but I am not sure of the actual numbers


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 Post subject: Re: Succession Plan/ Buy Sell/
PostPosted: Sun Jul 17, 2005 12:26 am 

Joined: Sun Aug 22, 2004 11:54 pm
Posts: 2608
Not only is the idea premature, its not as you described legal in most ot all US states. Unless a museum has business dealings with an individual, it cannot purchase a plan on an individuals life due to lack of "insurable interest".


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 Post subject: Re: Succession Plan/ Buy Sell/
PostPosted: Sun Jul 17, 2005 1:00 pm 

Joined: Sun Aug 22, 2004 1:28 am
Posts: 111
Location: Astoria,OR
Don't worry, Doyle has a plan. All I can say is that it will not be scrapped so the preservation community doesn't have anything to worry about.Smokebox


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