| Show M MADOO ADOO CALLS ON MN RAILROADS FOR FORI ESTIMATES I I Dir Director General Asks Companies Companies Com Corn panics to Submit Expense Expense Expense Ex- Ex pense Budgets B By ny United Pre Press s.- s. W WASHINGTON Jan 7 Director Director General McAdoo today called on the railroads foe fon estimates estimatE'S of ot their money requirements during 1918 He lIe asked askedall askedall askedall all railroad presidents to report not later than January 9 hat capital will willbe willbe be needed and what plans plaiT for raising it are recommended At the same samo time he asked for information on operating revenues revenues' revenues revenues- expenses and Incomes in incomes incomes in- in comes for the fiscal year ending June 30 SO 1917 The director generals general's order seeks to arrive at a basis for financing the national national national na na- na- na railroad now under his direction The order follows You will let me have not later than January 9 the following information First a statement showing the amount of ot capital your company will require to tox to raise during the calendar year 1918 and also separately for the first six months of that calendar year 1 Toi meet all maturing bonds and note issues which have not already been provided for tor or which are not not to to be paid out of the cash resources of your company showing dates of such maturities 2 To pay for Improvement Improvement Improve Improve- ment meat betterment and construction work already contracted for and partially partially partially par par- finished this statement should show what proportion If any of ot such work can be stopped now without detriment 3 An approximate estimate estimate esti esti- I estl-I mate of ot the capital which may be imperatively imperatively imperatively im im- im- im Important to provide for other construction work improvements and betterments Including additional terminals and new equipment showing equipment separately 4 An approximate approximate approximate ap ap- ap- ap proximate estimate of ot the capital which in the Judgment of your company company com corn pany it is desirable to provide for the above purposes but for tor which the demand cic de- de mand is not absolutely necessary for forthe forthe forthe the protection of the property or tor the maintenance of ot its earnings Second a statement as to the character character character char char- acter of stocks bonds or notes with which your company expects to be able to raise the capital so 0 required Information as to the number of freight coal and arid oil carrying cars In operation owned and in repair shops on December 31 also was asked Further unscrambling of freight congestion was In prospect as a re result re- re suit sult of the order increasing car de demurrage demurrage demurrage de- de rates I r With this process will go too some increases in living costs McAdo l In In- In Extra labor will be required to get prompt unload unloading ng Ills His new schedule effective January 21 will al allow allow allow al- al low freight C cars caja 9 t to lb remain sidetracked two days fre but th thereafter rates will go 50 to cent above the pres pres- ent f l McAdoo o rd Jie-rd that requirements of the war anh ana ard the and comfort 01 ol the nati nJ demand the extra efforts lIe He expressed the view that shippers and the public will readily bear the added burdens from a patriotic spirit More locomotives were free today for freight service through further curtailment curtailment curtailment cur cur- of passenger service |
