Salt Lake Herald-Republican | 1919-01-16 | Page 6 | Half Billion is Needed for Rys

I i I i I I I HALF IS NEEDED FOR RYS Planned Planned- to toBe I Be Spent for Betterments of Lines in 1919 Washington lon Jan 15 Another Another appropriation appropriation of or or more will bo hu asked of or Congress soon Boon h by Director General Hines for tor tire the railroad adminIstrations admin admin- g revolving fund to be he usel mainly In extending loans to railroads to cover tho the extensive program Iam of or lot lot- PI and extensions for tor which more moro than thair probably will he spent pent this year Most of ot tho the half half- billion dollars originally appropriated for or the revolving fund was spent 1 in financing Improvements or purchase of equipment last ent Loans generally a are ale o to 10 be made at 6 G per cent and will b be repaid to the government I Mr lr lUncH HincH in a n statement eta today said nid the railroad administrations administration's function tunc- tunc tion of oC financing 1 necessary Improvements Improve Improve- ments monts as differentiated from rein tho the uric uric- ion tion of oC tho the current operation of oC railroads rail rall- roads 8 Is IR the Hie reason which will ivill an n rl cf request for tor a a. largo large tion lion r Ho ie explained that capital l- l cs of or railroads ad In 1918 InS and 1919 for tOI of or lines now buildings s bridges cars locomotives locon and similar purposes purposes are aro calculated at about 1 Including 3 cs- cs I n l necessary t in iii 1019 and 1 author authorized zed for tor 1918 1913 Of ur I the ho authorized capital expenditures expenditures' budgets loot last year sear ar only was ns actually is ud ansi and re- re 1 to lo be b spent in lii 1919 i This mea that the tio railroad adminIstrations adminIstration's admin admin- a pr program r tn for railroad d extensions extensions exten exten- and nd betterments In ins 1919 calls I for tor or an outlay of hr or or- three O times times' s' s lis as much ch as was spent b by all railroads ds' ds an annually for tor several se years b before roro the tho war