Show RAIL E EQUIPMENT TT I CORPORATION PLAN I Ir PLANE NOT YET FEASIBLE E E r II Washington ton March 3 Money 3 Money oncy market market mar mar- ket conditions have ha not warranted carrying carrying car car- through the National Equipment t i corporation plan for financing I I In equipment purchased for Cor th the e j railroads made luring during federal control I Director General limes Hines said today toda Th The e I method to be followed ho he said ald should the government go determine to car carry th the e Indebtedness ss Itself will of oC necessity J be dependent on market conditions I The government purchased and al allotted al- al I aI-I lolled to the roads cars and and amI 1930 locomotives to supplement rolling S I j stock Some roads settled for the these thc c In cash but seventy four others gave c a e I tho the government equipment trust oMI- oMI gallons payable in fifteen years cirs an and d I bearing 6 per cent interest These ar arin are e in such form It was said Maid that the government gov gov- if It desired could carr carry ou out t I I Ithe the plan for a national equipment corporation cor eor- eorI I that would Issue Its own oun ob ob- obligations lis-a lis lIons and sell seJi the obligations o of oC the roads t to repay the government o o othe orthe or r I the government go could sell the tho railroad d obligations direct or hold thorn them at 6 per cent interest U until t 1 pal paid I I |