Salt Lake Telegram | 1932-08-02 | Page 1 | R. F. C. Opens Efforts to Create Jobs

R. R F. F C. C OPENS EFFORTS TO CREATE JOBS Begins Conferences With Railroad Heads and andI I I. I C. C C. C Members PLAN FINANCING REPAIRS Huge Number of Cars Are Out of Condition ii Br BJ Associated russ Press WASHINGTON Aug 2 The 2 The Reconstruction Reconstruction Reconstruction Re Re- construction Finance corporation today today to to- day began a series of conferences with railway executives and officials of the interstate commerce commission commission commission commis commis- sion In an effort to f find nd a way to put puta a large number numberS a of men to work on the he railroads No conclusions were reached hed at a hour three conference this morning i Another wi will 1 be beheld held tomorrow Although corporation officials the railroad men and Interstate commerce commerce com corn merce commission representatives de de- lined dined to be quoted for publication it t was learned that efforts were being beng be be- irig ing ng made to work out some plan to finance maintenance and repair work on n the railroads This phase of the railroad situation has jas been a troublesome one for executives exec exec- lives for months The railroads have done as little maintenance work as possible in an effort to reduce ex ex- American Railway association tion ion figures show there are approximately approximately more cars out of re- re repair pair air jhan han usual Should a plan be- be worked out to finance nance repair work and maintenance it was expected thousands of men could be put to work works Interstate commerce commerce commission representatives who participated Inthe in inthe the le conferences were Commissioners E. E J. J I. I Lewis Balthaser Meyer and Charles E. E Mahaffie and Oliver E. E Swift director of ot the bureau of fi fi- fi- fi nance ance Railroad representatives present included Daniel Willard president of the he Baltimore Ohio W. W W. W Atterbury Atter Atter- bury ury president of or the Pennsylvania railroad A. A J. J County vice president of f the thc Pennsylvania in charge of finances and George M. M Shriver senIor sc- sc vice president of the Baltimore Ohio a.- a.