Re: The tale of Iowa Pacific
Author: Former SLRG Hoghead
Date: 05-27-2020 - 19:14
The Arizona Eastern had nice passenger operation that ran seasonally from November-April during the winter visitor season. It was very successful and might even have made a few bucks. The last year it ran, 2011(?), every trip was sold out. The limitations of its success was lack of capacity. It only had 2 cars, a X-ATSF dome/diner and a former IC parlor/obs. Power was a nifty E-9 painted in SP Black Widow colors, lettered AZER. Pretty cool.
Eddy's big dream at the time was the Pullman deal. When big $$ was waved in front of his nose for the AZER and West Texas Lines, he jumped, and spent the money on 100's of junk passenger cars.
The big thing he forgot was these lines financed all the passenger fun stuff. Without them to fill the piggy bank, the house of cards was doomed. When the FRA found out that he had sold the AZER, which was considerable security for the big loan they just gave him. They recalled the loan, even after he spent a bunch of it. "But I spent it..." "Pay it Back"... "But some if it went to the AZER, which we sold"...."Don't matter. Give it back".
I do believe this was the beginning of the end.