| Show RAIL ADVANCES New T N. N Y C. C and Pennsy Are Big Borrowers Borrow T. ers of Government Washington Sept 1 Nearly half halt of or orthe the time O revolving re fund tumid provided pro pro- vided originally for the lie railroad administration administration ad ad- ministration has has' been consumed in loans and rental pa payments to Individual ld Indi I ual roa roads s according to a railroad a administration administration ad ad- ministration financial report I Since April 1 I has been advanced ad Previous lous ments raise pa payments the time total to nearly In addition has been paid out from ac accumulated accumulated ac- ac cumulated surplus earnings turned over overto overto overto to the tho railroad administration b by va various v- v rious lIous roa roads s. s August payments to thirty thirty- nine roads amounted to the time Pennsylvania being th the e largest borrower More than half the funds advanced In lii the time last five fl months month have ha gone one to the New Haven New York Central Pennsylvania anla Some of the time advances of oC more than one million dollars above current earnings ma made e during August were Penn Pennsylvania railroad Chicago Burlington Quincy railroad Missouri Pacific railway Southern Pacific Chicago St. St Paul Minneapolis Minne Minne- apolis Omaha Chicago Milwaukee St St. Paul The Time director general desires desires to correct an Impression which prevails pre In tim some quarters said a statement to today 3 to the effect that the States railroad administration Is Js withholding with wIth- holding or has been withholding 1 time the standard rentals due to the lie various arlous railroads s un under tinder cr government control pending the time execution of or th the tue contracts con comi- tracts between be the time railroads and anil the government go and aud that the time omission slon of or an aim any railroad corporation to settle their debts or 01 claims Is due to In any omission by Iby the railroad administration to tf pr Pa time the accrued rentals Tiis ta fact t Is that the time equivalent ol of time rentals which for lor the first t eight months of ot the current year amounted to approximately has s already very en largely been ben paid to every ever railroad company compall in itt the united States un under tinder government gO control |
