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Show RAIL EARNINGS DISAPPOINT Ml WASHINGTON, Jan. 1 ".. Increased rate granted the railways have failed to yield anticipated revenues and piany roads are in a precarious financial finan-cial condition, in some instances without with-out funds to purchase supplleit. a group of railway executives declared Friday before the house commerce committee. Urging aim mlriient of the transportation transpor-tation act i" enable Mm carriers to obtuln partial seiilements for losses sustained during the six months guar-aniee guar-aniee period after government control ended, tho delegation, which Included Daniel Willard, president of the Bal-tlmore Bal-tlmore & Ohio, and Samuel Ken. head Ol thi I "ennsylv unia. told the committee commit-tee that relief munt he granteil Imme-dlatel) Imme-dlatel) If the iransportatlon .xvstem of tin country is to function effective- . it ix : i URGED. Others who -urged oulck action on relief legislation wSrS William J. Hobbs. vice president of the Boston tc- Almne: N. I.. u, i. general counsel for the Chicago. !.o k Island & Pacific; Pa-cific; and T. Dewiti Cuvler and Alfre.t !' Thom chairman and general coun-ae, coun-ae, respectively, of the Association of Uailroud Bxecutlvee. Chairman Clark of the Interatnte commerce commission commis-sion also advocated amendment of the transportation act to permit partial Bpttlemenl of (he railroads' claims. Mr Willard declared that the Baltimore Bal-timore & Ohio has practically stopped stop-ped purchasing supplies because its' officials don't see how they will be! able to pay lor them." The company at present, he stuted. is not even ourn- lng interest on its investment IU PORfl m rx3Si s Mr Flea said the eaiTiIng of the roads -nice lha)y WSfQ granted higher rates had not been as gran a.-, anticipated, antici-pated, while If. Thorn explained ihat there had been an appreciable slump m traffic, resulting, he added, in a considers ble decrease in rCVenuS The situation wns characterised by Mr ITohbs as exceedingly aeuto " The Boston Maine, he added ' Is at Its wita end as to how it will meet its' Obligations and get supplies." The railroads, the executives con-, tended, have been unable to file final complete statements of their losses' with the interstate commerce commts-atop commts-atop a.s required, in order to obtain payment of the amount due theni. because be-cause many claims against the car- j rlers have not been filed and ihej are unable to determine Jusi what their complete losses will be. |