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Show CONSIDER SPLIT OF BML FUND Weaker Roads Need Most for Equipment, 1. C. C. Is . Told "WASHINGTON, .May 2D. Proposals Propos-als of tho railroads for apportionment apportion-ment of the 5300,000,000 fund provided pro-vided by the transportation act for loans to enable tho carriers to meet transportation needs were taken up today by the interstate commerce commission. T. Dcwltt Cuylor, chairman of the Association of Railway Executives, opposed formation of a national equipment corporation backed by a loan of $126,000,000 from the revolving re-volving fund, and by advances by the carriers. Ho recommended creation of separate corporations to financo the purchaso of needed rolling stock for each of the lines. "W. A. Colston, director of financo of tho interstate commerce commission, commis-sion, urged that tho revolving fund be administered as an entity and not piocemeal. Amount of traffic carried car-ried and amount of .revenue received by. carriers should have no bearing on tho granting of loans, he declared, because the weaker tho road tho greater its need would be for financial fi-nancial assistance. |