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Show IW REPAIR FREIGHT CARS XEW FORK March 20. Plans of I the National Hallway Service corporation corpora-tion for financing repairs of th 300,-1 300,-1 000 frleght cars unfit for service, lo meet the return of normal business, urn ready lo bo submltl.-d to the carriers, car-riers, It was announced Sunday. letters explaining the purpose of the corporation's application to the Interstitc commerce commission for a loan of $100,000 000 for the revolving revolv-ing fund, have been sent to presldepts of all the class one railroads by the N'atlonnl A ssi .elation of 1 iwners of Railroad Securities. President Davles Warfleld said. It was stated that under the terms of the lease agreement, it In not believed be-lieved carriers will be required to advance ad-vance a cash margin, as has been cub-I cub-I tomary. This will relieve the treaurers of the railroads " the statement snld, "of the necesit) of asxing extraordinary expenditures to orovlde for the un-, un-, der-muintenance of equipment, which I It Is staled Is the iiiiiuh of iho present .unprecedented numb.-r of unfit ear .ami properly i Qharge against tho I I'nlted stales railroad administration. which u apparently fails to recognize as a Just debt lhat should huve been I promptly paid." |