locked Re: Pickens Railroad "Explorer"


Doug Alexander
 

The assessment seems reasonable and well thought out, though I am reminded of one done by the US Highway Department in the late-1930's when the Pennsylvania Turnpike folks, unable to raise enough funds in the private sector, appealed to FDR for federal dollars to make the project happen.  He asked the Highway Dept for its opinion, and they said it would not be worth the cost.  They said that there would never be enough cars built to pay for the road.  FDR wanted to secure Pennsylvania's votes, so he approved it anyway.  The Reconstruction Finance Corporation loaned $32 million and the WPA granted $26 million and the pike was built.  And eventually, there were enough cars built to make it a success.

Doug Alexander
Atlanta

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