From Volume 17, Number 1 of the Rutland Railroad Historical Society’s publication, “The Newsliner” via contributor Steve Mumley:
#500 – GE 70 Ton Locomotive. Purchase Price, $74,895. Down payment, $14,895. $60,000 financed with Killington Bank and Trust Co.
#400-405 – Alco RS-1 – Purchase price each, $114,283. Total price, $685,698. Down payment, $367,000. Balance financed with Hanover Bank, New York City.
#200-204 – Alco RS-3 – Purchase price each, $147,589. Total Price $737,948. Down payment, $11,135. Balance financed with Chase National Bank.
#205-208 – Alco RS-3 – Purchase price each, $155,830. Total price, $623,320. Down payment, $207,760. Balance financed with First National Bank of Boston.
So the total cost to purchase a sixteen unit locomotive fleet in 1951-52, $2,121,861.
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