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Show U S. MAY BACK RAILROAD LOANS Means of Lending Aid of Government Credit Being Be-ing Considered 1 WASHINGTON. Feb. 10 Mear.3 of lending the aid of the government's credit to the railroad"! are under cor.-I cor.-I sideratlon in administration circles, j It was indicated by high officials. Any I such plan, however. It was said would not involve use of government money for rendering financial assistance assist-ance to the carriers, but the use of federal credit Secretary Hoover suggested Thursday Thurs-day that s government guarantee of railroad equipment trust certlficat -would make them attractive to investors invest-ors and enable roads to raise money for needed rolling stock without the expenditure of funds from treasure MI ST II E LEADER. Secretary Mellon is also understood under-stood to regard favorably the Idea of lending the Kovcrnment's credit to the carriers on the theory that bolter bol-ter business conditions frcnern'.ly would result from Improvement in tho railroad situation. If any such steps should be taken, however. i:i the opinion of Attorney General I Datipheru leKKlation would probably prob-ably be necessary nnd In this caie some difficulty mlKht bo encouraged In congress. Needs of tho railroaJs for more equipment is their own difficulty. dif-ficulty. In the opinion of Secretary Hoover, who said It was up fo tiie railroads to take the leadership in presenting somo constructive plan for providing funds. The railroads troubles, he asserted, were 1 In anticipation an-ticipation " which made any relief measures difficult of adoption at this time He expressed tho belief that If tho shortage of tars became suffi-rlently suffi-rlently acute there would bo pressure from all sides to remedy the situation. situa-tion. FARMERS ASSISTED Undue shortage, in equipment of railroads, he said had lLs effect on the employment nnd upon agricultural agricul-tural conditions. Sec retary Mellon Is also understood to coincide with the view. I've of the government' credit nas already been extended to the farmers. farm-ers. Mr Muover pointed out, in the guaranteeing of furm loan bonds. He indicated some such method might he utilized to aid the railroads, if the emergency should become sufficient' Iv acute. |