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It is interesting to note that N&W paid ca***o dieselize its railroad, both for the power and the facilities to maintain it. It did not incur equipment trust or debt obligations to do so, as was implied. It waited until the costs per gross ton mile for the diesels was less than for its steam, and then it dieselized quickly. The first equipment trusts applied to N&W diesels were applied to eleven EMD GP30s. The trust had originally covered Virginian's class EL-3 rectifier electrics. Per an agreement with the leinholder, the trust were transferred so the electrics could be sold to the New Haven. As long as the trust was in force, the electrics had to remain on N&W property. (The twelfth rectifier was converted to a slug unit.) To meet its own requirements, N&W continued to pay cash for later model diesels. Old Timer
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