| Show 1 From Revolving Fund I All AU but of the revolving fund set aside l bv ly congress for a aid d of the railroads when released from governmentS government I S t has been recommended to be loaned by the Association of Railroad Executives Applications for assistance exceeded 00 OO- The interstate commerce commission has thu thus far grant granted d but but few of the loans and anti these have been principally p to help in In in financing maturing obligations The Pennsylvania railroad which at first firt did not seek government government govern govern- ment assistance e in its is financial program has has has' finally finaly made application Recommendation to lend this thi system approximately has resulted The New York Central lines have also w within thil the past pat two months increased their demands on the government govern govern- m ment nt fund to the exten eden of but this has hns been offset m in I part through a reduction in the amount recommended for advance in n the purchase of locomotives and freight f rs The Thc Boston Nm News s Bureau presented pi in r me nic detail the require require- ments and and of individual roads as compiled last lastS S Tune June The final fina fial recommendations of the railroad executives have now Eow now been prepared and these show some changes of importance luring during the tile intervening weeks in which h New England roads may mays s cure curc about over the sums sms originally asked For or the rehabilitation of freight equipment there tere was recommended mended to be advanced from the revolving fund late in June 7 whereas the final requests have been advanced to The New Central under uder the final recommendation tion ion would receive for this purpose whereas it was not notS applicant before S tr tr Through this appropriation from the government fund there would be possible the tile rehabilitation of pieces piece of rolling roling stock against g but covered in June r Additions and betterments to roadbed terminals and nd other I railroad property incidental to speeding up the movement of equipment have called caled for from the revolving fund whereas in June but was recommended for the purpose Of Jf the increases under this heading the Baltimore Ohio was responsible for Boston Maine raine for for the 1 extensions in addition to fixing of bridges signals and Basked asked for fOl in June for yard ard terminals Chicago East Illinois has J been een put down for Chicago Junction railway S iud and St. St St Paul Rock Island requires Missouri Misouri l Pacific a ifie Maine raine Central New York Central Pennsylvania ani am and Seaboard Air Line S Of the amount asked for in behalf of the New York Central CentralS system the largest individual indi item iem will wi be spent on the S main main property and the Boston Albany Alban while tIe the Big Four our will wil need eed and other lesser amounts amount The l Pennsylvania sought an J advance from the loan for the purpose of expanding its is yards ards S and amI track facilities and also for a grain elevator ele i. i The amount amunt recommended for locomotive purchases has been peI increased slightly to which will wil enable the roads to buy this class clas of equipment having ing a value of There has H also been a lopping off in amounts recommended for freight cars cars rs the present total being as a compared w with h the Juno June recommendation of Two T mont months ls ago the Great Northern was the only road slated l for assistance in In the matter mater of financing maturing obligations the amount recommended being That was raised to u. u and sanctioned by the interstate com commerce commission S while other roads have also been recommended for assistance in inI f I this matter mater a total amount of |
