Me likes tank cars. Another Lobaugh. I have had it for a long time, but just noticed this evening that one of the bands was replaced with wire.
One of the neat things about Lobaugh is that the tanks are held with real turnbuckle-like bands, tightened with a screwdriver from under the frame. Most had four bands, like this one - a strip of brass was soldered to two barrels, tapped 1-72, and tightened against a strap or washer under the frame.
I am going to say that a good number of my tanks could use refinishing and new decals.

Unrelated - there are two Lobaugh tanks on eBay right now, in addition to the 12,000 gallon thing that languishes at $87 - one is currently at around ten bucks plus $20 shipping, and the other, which has been seriously modified, decreasing, in my opinion, its value, is starting at $270. I won't be bidding.