Keen's Photos
Wednesday, February 04, 2009
Tulpehocken Creek above its confluence with the the Schuylkill River at Reading. The Union Canal which was constructed between 1792 and 1828 followed the Tulpehocken Creek westward, then through a tunnel, to connect via the Swatara Creek flowing westward to the Susquehanna River at Middletown below Harrisburg. This was one of several efforts in that era to divert coal and farm produce to markets in Philadelphia whose merchants were in competition with those of Baltimore.
Cat D8H - my latest investment in heavy equipment - money sitting in the bank isn't paying anything to speak of, so this looks like a good time to buy up potentially productive assets on the cheap. The general economic slowdown and the the drop in commodity prices have pushed down the price of items like this. By the time the government's stimulus plans get to the point of actually constructing roads and other public works or getting the banks to finance new factories or shopping centers, there will be more work for machines like this and prices should rebound. There are also some fairly smart analysts who see a huge inflation coming soon and, there again, things rather than cash will prove to be the better store of value. As a last resort, there is always a market overseas for Caterpillar equipment in good condition and this dozer, despite having been manufactured about the time I got out of high school, is in very good condition.