769 was sold off to the Albuquerque & Los Cerrillos Coal Company in 1950 and sent to work at the coal mine at Madrid, NM, located at the end of a 6.7-mile spur extending south from the Santa Fe main at Waldo.
The 769 was never renumbered nor relettered by the coal company, and spent its post-Santa Fe career in full A.T.&S.F. markings.
When the mine shut down amid a declining coal market in 1959, Madrid became a ghost town.
Locomotives 769 and 870 were abandoned on-site and left to rust.
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