Show RAIL CHIEFS STRESS NEED oi OF WAGE CUT Promise to Aid Employment If Workers Accede to Slash By Br Associated ted Press CHICAGO Jan 21 Railway 21 Railway presidents presidents prest dents urge urged their organized today to accept a 10 per cent wags wage cut cutas cutas as an essential step in reviving th the railroads and business in general promising in return to do whatever ma may be practicable to relieve the fear of unemployment It was the presidents' presidents day in the negotiations ne negotiations negotiations ne- ne with rail unions and they took the occasion not only to provide statistics showing the financial condition condition condi condi- tion of the carriers but also to to- toan answer an answer answer an- an each point in the program Beyond the promise to make every effort to assure employment to as a amany many many- men as possible the presidents made no substantial concessions In response to a query by bythe the Jabor labor group President Dan Daniel Danler er Willard of the Baltimore Ohio said it was the plan if organized labor agrees to ac accept accept accept the wage reduction to cut all aU railway in a similar similar- man man- nero ncr Thus far reductions among un unorganized Unorganized unorganized un- un organized on most roads road have included only those only those making over a month The picture of the financial condition condition condi condi- tion lion of ot the nations nation's railways was painted by Spokesman Willard as a ablack ablack ablack black one During this year he said there w will ll become due the principal of of railroad mortgage bonds equipment trust obligations and other loans Willard said 72 railroads failed by to earn their fixed charges in 1931 o |