Show i u NEARLY TWO BILLION IN WAR OPERATION OF RAILROADS J JI I Director General James C Davis in Report Sent i to Congress by Harding Predicts Return C of From Previous J Appropriations WASHINGTON Feb Loses 3 2 Losses su sus-i sus by the government from nor nor- time Ume operation of o railroads and Its at- at aftermath of ot earnings guarantees ana dama e settlements will total apt ro rot t j ly If lo to data made available tolay or th t time in a a report by James Jame C DI Is director general of ot railroads trans transmitted to congress by President 1 ti tiding 1 ding Not only does the tho amount corn withIn congressional made but there will III Iso also b bu a return to the treasury of I bot la in cash and t sr s- Mr Dals estimates are basa bas d on I the showing actually made In of accounts betl between een the ment nd nJ 0 owners ners of 80 1 percent 1 I cent of the railroad mileage which trIO took over o Most rost of the vet ct 10 0 b I are expected to result in made ment ot the government either cither In cash or CL CLUI UI SCALED DOWN Accounting in connection wit the government operation has through three phases and Involves the Interstate commerce commission as aswell a as the tho railroad commission LOSE LOSE-iea In direct operation ot or me the an sIn an the later settlement of capital In- In and other claims as now In practically completed b General Dals are shown to a total of To this 13 lit l A a sum of oen land Jand which has hns or wll be by the commission to short railroads and to class one last amount Includes under the guarantee gl glen given en the by congress of earnings during the b of 1920 just after the ent relinquished the properties A l u-t- u dol lAw n ta In Lw originally t male bv the roads against the I shown b by Mr Davis leport lepor ro dato the loads have hae demanded 9 9 l 1 on grounds of nance damages es loss of for other reasons Up to 31 final adjustment bold bad b been n ci with corporations corporation which sought of that total the havin paid out a II not net amount o 0 Mr Do is expects the balance of ot unadjusted claims amount amounting ing to 3 to be closed out by October ONU COURT TEST CO CO I one road has so tar far taken th director generals general's decision Into a was as added One factor pointed out bv Mr Da is as ns facilitating the settlements II the ability of ot the railroad I to pay cash to carriers willingto to accept an aard an ard Government fun for these operations operation in tn part were ero de- de lived de-lived from s le of ot equipment trust amounting to were left on the director eral's eral's hands after the period of oper oler operation atlon but subsequently became desIr- desIr desIrable desir-ablo desir able to private investors I belie e It may be confidently p-e- p pe Mr tr Do Dois is report stated th t I there will bo not to exceed a halt half doz doz- dozen dozen en carriers unable t agree gree go in arriving Ing at nt fIal ad- ad adI adjustment ad adjustment and there may not Io le thit t number From the tho I It Is quite evident that no further appropriations will be to complete this liquidation In every particular and it may be I Ith somA confidence that after a D liabilities of the government of or cr of ot the t Cr nature arising out control have been liquidated Ih Ills rail railroad road administration cin turn l n treasur in collectable liquidations ot soh ent companies and une pend unexpended ii tin an amount about cP of ot the admin administration which has the railroad claims ac- ac ac accountings ts countin in the settlements cost ost the g nt lost last ear In pa roll Ml- Ml u remark remarked ed but has resulted in the l a of of 10 lo lirato many hundreds ds of millions I to the thc government go The rhe of Its es he added can now be |