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Re: (erielack) Meadville Line

The point of taxation is a valid one.  New Jersey was the worst in wiping=

out the railroads that ran in the state.  If you read Erie or DL&W annual=

reports from the 1950's, you can see heavy taxation on things like Hoboke=
n
Terminal, which hosted unprofitable commuter trains that the State PUC
would not allow them to discontinue.  By the 1970's New Jersey did a dece=
nt
job in relieving the EL of the expense of running commuter trains, but by=

then it was too late to sav the operation (and too late to have made the =
EL
attractive as  merger/buyout partner).

Tim

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