| Show 1 HEADS fA I U. U S1 S I I if I. I IAL l LOANS AN i jil l finance Committee i ded by y Howard Elliottt Elliott t Created to operate Co-operate I t t th Government Agency j Rail Rail- il- il March 11 R n-R RailS y cI executives culi cs and govern govern- J CS today laid the thet t tro 1 for the tho machinery 3 loans kans of or banks and aud the thc corpor jion will be madee made le fe e to railroads during the next in lieu of the thc funds und failed to provide r r Conferences between a n nuni m of- of corporation railway ceding oo D j. j an officials of tho the war var f fi- fi corporation on and aud railroad 3 ad- ad nion ton a special finance corn com i headed by Howard L of Seven teven e cn president of the Northern Pa- Pa TaS created reatea by the ra railroad I ii es i e es to co operate with govern govern- as a clearing clearing- house for Loi I a arrangements ts ir Head l Finance Division tt i of or Lou Louisville hs e who et t retired after fler serving ing sixteen I iii f th the Hou House e oc i chairman n. n t-lt t e ap Up bou ons committee was appointed itc 9 General Hinea a as u director railroad administrations administration's 5 division ance succeeding John ketton dm e ms resigned On Mr lr Sherley j m iu take office April IS 15 15 will wUl fall t or the work fork of ot administering tho ii plans yet Vet to be developed important r feature of or tho of or the thc arrangements hI to tode toe de de' e ma nay may be the tho issuance by tho tito administration of or government go I ate t ts to lo railroads for the tho amounts amount I tin on settlements of or last year S year a anu I I nu 1 and nd other debts These war war- virtually certificates o of would not be ba cashed until Con- Con fun funds ts at the next but would serve as culla collateral tera I n M. M The loans Joans would woul be bo arby arby ar- ar 1 by each railroad company compan Pr n. I with mt its HI bankers or in special th the war var finance corpora corpora- The raIl raIl-a railway special I II tee tl with tue tho railroad I ration s financial agencies facilitate the negotiation an and Won Uon of or the these Q loans Comp Compa- nI nse n- n be se fl financial was as not i I tbt b helped b by tho railroad tt tation i which wl will Ill Set get some rough U by railroads s a I already mado made to 10 them r 1111 l 11 Wan aD J Unmade e oer were ere outlined toda today b by rn r 1 HInes and tho the railway lie tre but It l. l Was waa emphasized that f n remain maln t to be lie made j nail flail rulon r and md war finance will confer tomor- tomor t ere tar Glass Class of or tho the treas- treas Tb th te Thursday nn financial 5 a Mr Unc will diste dis- dis far farand a f al situation with raila rail rali- and locomotive o o builders builder an and t hl committee gh the bankers participated dl- dl conferences fer toda today they ru n orma y by the cx ox- is 1 ral administration nu number ot of prominent r t lii during tho da day y to ro bw th rall railroad l heads s I Probable ablo th that a t t tin I 10 w war r e Corporal Corporation to railroad will tr try to limit tr credit lt without corporations orP with I nt wa out reference to the lilt Warrants WI a ts as colla collateral and andt tat t be e made by the gov- gov tike lake s to v bank- bank u 7 At th the most or of lh tho loans r reAt ro- ro salue will ni time limo tho road railroad tr try to 03 a aln c or rbI mm In ln Interest Ia be ted facilitated b by tho the tit ion Iol the war finance I Sa 13 tJ at t th tho conference tor to- to t v r th the trea treaV ed to the tho I S ht ort ort off to Keep railroad fetor until after 10 loa TI mi nl which probably win can b be done bO t done through I t erm bank l loans ans lives tiVes hold ate Se 11 te teJ Inh Railroad e ex J Idy In s separate Paral created d session I Wilh lIo n Committee of 01 f I j ap resident President I t Ith Pacific a aa as chairman I I th war Rr lIr fin r road a admin admin- In corporation a arranging t I 11 tl I ot or t tho h 0 I l' l Central I Ice c ie of ot aI J Robert tnt of or s 's sOV OV tt liti the Celtic lent hear c e cHen t ot of tl Penns I Hen n cr of ol ila Henr 3 Valters tl tIc e Coast chairman I Line o- o ln and l Daniel I ICon tI page 2 RAIL HEADS ASK U. U S. S OFFICIALS FIX LOANS Continued tl from la Page e 1 of ot the thc Baltimore Hallimore Willard president Ohio pf pt counsel will brill be he Al Alfred lcd P P. Thorn Thom committee and anti tho thu special finance of or ortho George M. M 1 cr vice Ice president ent tho Baltimore A ti Ohio will bo be In chargo charge of or the accounts E B. B Buckland be bo president of ot the thc New low Haven Ha will secretary It is the sense Renso of ot this conference conference resolution resol l of uC railroad executives es sal said a will railroad d companies tion that th the financial emen emergency enc cooperate co cooperate co- co in the present ea- ea practicable and reasonable rea rel In every operate with the railroad administration AdmInIstration admin AdmIn- 1 n- n W way r for efforts to provide In Its Us pending pending- an ap appropriation 11 financial requirements he the tho uy to ioU reHO O o t situation met are aro to bo be the tho problems While matters between bet tho the 1 Individual ual largely ely tho the administration roads the railroad war finance corporation an and the tho bankers bank bank- wise Ise to have havo the tho gen gen- en- en ers It Is deemed teemed w gen gen- general supervised on behalf o othe of or ortho eral oral subject central railroad companies IJ by a committee tho the with will power to consider the involved c and to give lve such questions and to lO mal make such aid and cO operation co-operation suggestions sug a as ma may bo be po possible sible to the l Individual roa roads I to the director gen general on ener en- en I er eral l. l to tu the war finance corpora corporation lou an and to tu the b bankers it being understood understood under under- stood that such committee Is Iii s not nut to Individual l havo O power to commit any I company without It Its assent |
