The sun., 1918-07-20
FEDERAL TREASURER
FOR EACH RAILROAD
Director McAdoo Issues Order
for Handling Of All 0per-
ating Funds.
WILL BE U. s. EMPLOYEES
Shall Not Perform Services for
Corporate Bodies Without.
Special Permit. .
Special DespafeA to Tt, SUE.


WASHINGTON, July IA Federal
treasurer Is to be appointed for each of
the railways under Government control
TO handle all operating funds Of these
roads as distinguished from the corpo-
rate funds. under a general order Is
sued by Director General McAdoo to-
dav.
The new officers are to be employees
O, the Government and are under no
circumstances TO perform services for
the railroad corporate bodies without
speciai authorization. They are to be
named by the Federal managers or the
general managers and approved both
by the regional directors and the Direc-
tor-Generai The order provides that
"all cash representing receipts from the
operations OF its railroad since and in
GLIDING January !, 1918, now in the
hands OF the railroad corporation for
whose railroad a Federal treasurer has
been appointed or held for account of
the corporation and any and all other
cash now In the hands Of such railroad
corporation or held for It's account for
use in connection with the operation or
Improvement Of It's railroads shall be at
once transferred to the railroad corpo-
ration accounts In the same banks in
which It IL now held, which shall be
subject to check nv the Federal treas
hrer.
To Open New Account..
federal treasrers shall draw on the
new accounts thus TO be opened and sub
!ect to their check only for the pay
nent Of materials and supplies pur-
chased since December 81. 1917: the
payment OF operating expenses and
taxes (other than the war income tax
and the excess profits tax) accrued
hnce December 81, 1917, and the pay
ment of such addition and betterment
costs a. may be approved by the Federal
manager Cor general manager appointed
in lieu of the Federal manager)..
Federal treasurers shall not draw on
such accounts for any other purposes ex-
cept when expressly authorized to do 50
b. the director Of the division OF finance
and purchaser"
The Railroad Administration has called
for a statement from all railroads I'M
der Government control showing re-
ceipts and expenditures for all purpose:
for the first six months Of Federal con.
troll This statement Is to be accom-
ranied by trial balance for the six
months and Is to show the following
items:
"Cash-Cash on hand January I. 1918
including cash In transit: cash on hand
June 80. 1918, including cash in transit
cash remitted at the request Of and &c
the credit OF the 'Director-General ex
elusive OF the amount transferred to hi.
account on the Federal books as Of De
cember 81. 1917. and cash received fol
operating expenses from the Director
General.
Collections and Payments.
Cash collections for account OF thu
corporation. corporate transactions ant
operating transactions. '''''''
Cash payments out OF Federal funds
for account OF the corporation-Interes
on funded debt. dividends on capita
stock. rental Of leased roads, retiremen
Of funded debts. including income trus
notes, war taxes, advances to affiliated
companies. obligations OF affiliated com
panies. Liberty loans, other corporal
obligations and operating liabilities De
cernber 81. 1917.
Expenditures for additions and bet
terments chargeable to the corporation
Road and general expenditures. equip
ment expenditures and equipment trus
notes.
"Income-operating revenues. operat
ing espenses, taxes, excluding wa
taxes; equipment rents. credit; Join
facility rents, credit equipment rental.
debit: joint facility rents. debit; ne
income or loss. balance of The Fed
eral books as OF June 80. 1918. IN tn
account revenues prior to January
1915, and balance on the Federal book
as Of June 80. 1918, In the account 'ex
penses prior to January !, 1913"