The former equipment from the SR&RL continues to operate in the present day on a revived, short segment of the railway in Phillips, Maine.

[5] SR&RL locomotives 15, 16, 17 and 18 were reboilered in the Maine Central Waterville shops during the same period, and a 4-mile (6.4 km) freight branch was built from Perham Junction to Barnjum.

[8] Josiah Maxcy and Kingfield mill and hotel owner Herbert Wing were appointed receivers when bond interest went unpaid.

[16] Rails were removed from the 1.9-mile (3-km) Mount Abram Branch to Soule's Mill in November 1924 [17] and from the northern 4.4 miles (7 kilometers) of the former K&DR from Carrabasset to Bigelow in the summer of 1926.

The receivers operated extra winter trains to Barnjum, and were encouraged to resume full year service over the former P&R commencing 20 May 1929.

Following a precedent set three years earlier on the Kennebec Central Railroad, Maxcy suspended all train and railcar service when the last mills shipping their products via the SR&RL transferred their business to highway trucking firms.

Two SR&RL highway trucks began carrying express shipments on 8 July 1932, and no trains operated over any part of the railroad through the following winter.

After observing reliability of winter truck traffic over Maine State Route 16, the Lawrence Plywood Company petitioned the railroad to resume service from their Carrabasset mill to Farmington.