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The circle-in-a-square Santa Fe emblem must make for a complicated paint stencil. Some Santa Fe three bay covered hoppers came from the paint booth with crude emblems that were not quite finished - the painters neglected to fill in the black marks on the circle left behind by the stencil. The resulting "perforations" make the emblem look as though it's ready to be cut out with an extra large pair of blunt nosed safety scissors.
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