Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-06-02
RAILROADS OBTAIN
S124,OOO,0OO FROM
i. S. GOVERNMENT
Largest Item Was S43,964,-
600 to the New
Haven.
MONEY TAKEN FROM FUNDS
PAID TO DIRECTOR-GENERAL
Large Distribution Made to Va
rious Lines During the
Month of May.
CASH SITUATION is IMPROVING
Two Million Employees Receive First
Pay Under Wage Increase
Recently Granted.
MONEY TAKEN FROM FUNDS
PAID TO DIRECTOR-GENERAL
CASH SITUATION IS IMPROVING
Two Million Employees Receive First
Pay Under Wage Increase
Recently Granted.

WASHINGTON. June 1.-The aid that
mas been given 10 the various railroad
companies in the shape OF loans by
the railroad administration was out
lined in q statement to-day by Direc-
tor-Ceneral McAdoo.
All told. sl24,oOoVOo has been ad-
vanced since January /. all In the ma
ture OF demand loans. except the big
Eest Item. that Of si3s5i 900 to the
New Haven road 10 pay it's collateral
trust notes which matured In April.
THIS loan was tor one year. with the
right of twelve months renewal.
or the total amount advanced to
June !. 1918. slo2.ji4.oOo was obtained
from tho s5coO000o0 Treasury appro-
prtation provided for In the railroad
bN! and sIi.so0.000 was obtained from
funds paid over 10 the dlrector-g-n-
era! by twenty-onc railroad companies
from their surplus funds
The individual companies to whicn
advances were made during the past
month were: the Pennsylvania. si5,-
eoe0oo; Illinois Central, s5.oo0,0o0; Cni-
caGo, Milwaukee anu St. Paul. 5000
~
Erie. $4,000, 900, Denver and n,o
Grande. s!.50c.coo. and Ann Arbor,
$500 00u--a :o,al Of s3g mo uon for IN.
month OF May.
Up unt:l the first OF May soo,eli, coo
han oeeh advanced ana the ipta! sum,
'"c!u1!hs Nay was distributed among
'''e '"'t' ""u companies az fo!lowa:
&c" haYtp. Si5's'i'"Vo; New York
N'"tFa'' E-i'3'''po'' pennsylvania. s22.-
ooV''VV' Ha!'''Aofe ana onio. 100000.
4t'"'!s CIHtra! sS'VVo'VtV; Chicago.
milwaukee ana 81 Paul. s5,100eoo;
i'ocN isiand. S@oV"'eov; Er!e, 10000;
DehNer ana hio SFanu:, $l,5VD.Se0:
ioash' E4,So"VVp; minneapolis aad
@'' LOUIS. S''N'"oo' Ch!caEn. indian
apo.'S ana i'ouisY!.Ie. SaVv'oo0: Buffalo.
i'oches'sr ana Pittsburgh. 100000;
ann "'DoF' S2poVV"' ana Detroit. To-
!edo ana lronton, 100000.
Practically al o;Aer maturing obh-
cations OF the railroad companies
""'E" ie'' "ue !" 'hc month OF May
were 'Fo'!aea Tor without government
aS9's'@iee' or were renewed at rates
OF interest no; In excess Of G per cent
per ahhu:''
Ihere mas also been marked i'm
" - 'N'' N'o'i VI lio
railroads generally and a very crafty
ing reduction OF the amount OF unpaid
vouchers reported.
FIRST PAY DAY UNDER
INCREASED WAGE SCHEDULE
Io-oaE was the hTst pay dag OF the
Z'9oo'VVe railroad employees. now en-
pioEecs OF the government, under tho
wage increases granted By hirector-
ne"e'aI Hc-'too. me Ea'!Fo-" admin
lstFa'!oh IS prepared ioT some COM
P!"!H'S from those ""o nave received
wage increases since isiS, the basic
''""S ''e e'u!"S'H'ch's ana VINO VIII
'eGrl'e only an adcitcnal increase
aRoN" the increase already received
III many cases the amount OF the raise
WIZ &c S'H''.' u"t "Ach the true eX-
pi"Hatoh !" sIVt;i' II Is oeieVed that
l. "s4 P''Nr SATISFACTORY 10 all en-
P'"seeS'
o"'''s rom 't"ua1y "i!l be paid
w. W '"e e"P!oEees regardless or
'"o rcs "'a' pay Gays. Inc employ
ms companies VIII hSure the amount
o"e o" account Oh each month begin
h'"s WI" January ana as rapidly as
''o eS arc completed the back
"aseS o'e ior cach month begin
h'"e with January and running
t"Fo"s" APFii wiz De PAID promptly.
RATE ADVANCE