Salt Lake Telegram | 1936-04-08 | Page 4 | R. F. C. Reports Rail Loan Data

R R. F. F FIG G. G REPORTS RAIL LOAN DATA OAT A AJ J W WASHINGTON April 8 UP UP- UP American railroads financed to the extent of or almost half haIr a L billion bUllon dol doT dollars lars jars by the tho Reconstruction Finance corporation o have repaid about 20 per cent of their borrowings it was revealed re today S The possibility was indicated that some Home roads among those which borrowed her bar rowed a total of ot from the R. R F. F C. C may increase their government government government gov gov- debt before any substantial r reduction is made Repayments to the R R. F. F C C. figures fig fig- fig I tires ures showed have been made at a al alm m much mch ch slower pace than the original advances The payments not have not however been any less rapid rapid- than is b normal in railroad financing S Rail payments to R. R F. F C C. amount t to t with 13 of ot 73 loans re repaid rop ro- ro p paid in full fuU The following table shows some of f the larger loans and amoun amounts re repaid repaid re- re paid pidd S Road DisburSed Repaid nepal A Chicago As North western Co Colorado tc o oS o'S S 'S Southern South th era ern o j. j New W ew York lork Central 27 l 1 Missouri PacifIC SOD in irs full Cincinnati Union UnionS Terminal Co Ce In full S Cult Northern i I in Irs reu full Mine Central 2 In fIll It'll fliR R R. F F. C. C officials said railroads railroad have ave been accustomed to carrying large Jarge funded debt for years Th They y said Bald the R. R F. F C. C saw little to worry about in connection with the loans I Since February 1932 when the carrier loans began th the R. R F C. C has demanded first lien Hen collateral in the form of first mortgage bonds and equipment trusts It It was pointed out by officials that although R R. F. F C. C has an enor enor- enor stake in the roads road actually it itha his has loaned only a comparatively small part of ot the total railroad in investment In vestment They estimated total rail raU indebtedness at about