Northwestern Steel and Wire also scrapped many steam locomotives including CB&Q 2-10-4, Class M4A 6316 that can be seen in this image a few years earlier. https://archive.org/details/cbq6316-1a
The scrapping of this and other locomotives there was covered in Ron Ziel's memorable book, The Twilight of Steam Locomotives.
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An interesting photograph but an even better commentary. Many times, when looking at railroad photos, I often wonder about some of the industries that are shown along the ROW. This was a most informative write-up about one of the many rail-side companies that line the tracks of the U.S.
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