Peter,
Thanks for posting and reminding us of the event. I'm an O&W fan b/c the town I grew up in was a major town on the line. I'm referring to Norwich, New York, the final bastion of steam on the NYO&W. Norwich featured a large yard, fully equipped round house, large coaling piles, as well as numerous smaller buildings. There was also a passenger/freight station. The house my parents rented was very close to the tracks. However, we arrived too late to see any activity other than the tracks being lifted. (Something my 4 year mind could not comprehend.) The City eventually bought the land where the yard and roundhouse stood and demolished most of the buildings. Today, the Norwich High School occupies the area. Unless things have changed since I was last there, I can find where the turntable was located.
You did miss one very compelling reason for the Old Woman's failure: There were no large bustling cities on the line in New York. One cannot call Norwich, a city of ~10,000 in its heyday, exactly large and bustling! The RR built to the communities that would pay to have them. No $$, no train! And unfortunately for the short sighted NYO&W, that meant no long term revenue.
Hotwater,
Except for the 806 and 807 AB pairs which went to the B&O, none of the FTs ever earned a single dime after the shutdown. They languished in a yard for many years before finally being scrapped. All NYO&W FTs were scrapped by 1968. At least one F3 lasted until 1970.
Chris
LVHR