The sun., 1910-06-03
CENTRAL SUSPEHDS ORDERS
TO CINCEL CONTR tCT
EOR .TOsO STREL ClRN
Nnd Nili Not Sp-Rd the as.ooo. Osa' ~
prupFlaied fsF lmpre' Ing statIons
and Rsadurd aud Tar NeN Trarks
Rairoad gFrtili Hurt, SAYS uFoNR.

praprlated faF lhpro, ING stAtIons
and Raaai,rd aud Ter NeN Trarks
RaIiroad gredli Hurt. SAYS uFoNn.
Tho New YORK Central has decided 10
suspend projected improvements amount e
ing to s. s8. lEU and ask ed for the cancella- %
ton of a 81. .OIO. .ua order for steel cars on
account Of the Injunction granted to the
Attorney General bv Judge Dyer In Mis-
souri restraining Western railroads from
increasing their rates In making this
announcement last night President Brown
of the New York Central Lines "a ia that his
road Vas unable to 90 ahead With It's plans
until there IN some settlement Of the suit
filed by the Government and that in his
belief HE credit Of American railroads
had been almost DESTROYED bv this move
against them
The request for the cancellation of tho
order which called fOT 500 freight cars
az the rate of about 81 UnO apiece was re-
ceivrd In Pittsburg Yesterday II was
sent by President Brown To three concerns
the Pressed Steel Car Company. the stand
ard Steel Car Company and the American
Car and Foundry Company The order
for the cars had been sent in some time
ago and the New York Central does not
ssem 10 10 al all sure that the request 10
oancrl will he granted. but II apparently
hopes that the steel car companies will
appreciate the position in which the rail-
roads find themselves
L.. FUavN =, ~. -.
sSUo OO has already been appropriated
the Central ~ waiting until such time a.
its oficrrs feel that they are justified IN
gong on with the project that has been
outlined Some Of this work has TO do
with bettering the present stations OF
building new ones Much laying Of add
iional tracks had also been decided upon.
and this too Will have to wait Other inn
prov''nsnts had 10 do with railroad wards
and some work upon roadbeds
n" damage 10 credit IT railroads was
the pht-' II the situation which was
emphasized hy NJ Brown last evening
for this seemed ~ him tn he the important
rrsult of broadest -copc growing ou' "
the attitude of IN. Administration
The credit Of railroads IN thus country.
be- ~Ili. has already been 81 badly shat
tered by the attacks that have been made
up1n them during the last SIX months in
Washington that | heliove Il has been
almost totally DESTROYED by this action.
{; will he almost impossible in INV opinion
for any ra'lroad to secure lpan either
here OF abroad
Net very hong ago he continued
-'h- Now York Central was able tu sell
m France SiODOO mn worth II bonds.
Even then conditions were NIch that il
was nec-ssary 10 cut them up into mul-
t.ples OF SiD each in order 10 dispose II
them They we're sold a. ss cents on
the dollar
"DHficuit ~ was the situation A. that
time, I an convinced thpt this acton has
made u infinitely Worse l. is my alb
solutr opinion that railroad could not
today dispose of its bonds IN France Al
any price hat would he possible 90 take
The rate would necessarily be NJ l0w NJ
the present time that We could not afford
70 ell bonds there az all And doubt
very much whether anv deal whataver
cnuId b" consummated under conditions
~ they evist since the Injunction was
obtained