Evening star., 1920-07-01
|P[ANS FOR SPLIT
| Of BIC RAIL FUND
ARE GIVEN |. c. c.
Many Roads Recommended
for Loans-S86,O 900, 900
Asked to Improve.

Detailed recommendations for the
distribution of the sums set aside out
of the sSOO,0 900 revolving fund.
provided by the transportation. act for
the purchase of new equipment, addi-
tions and betterments, were made to
| the Interstate Commerce Commission
| TODAY by Thomas De Witt Cuyler,
chairman of the Association of Rail
way Executives.
! The report proposes the distribution
among the roads of S86,0o0,ooo, TO pc
| used in rebuilding and repairing L.
616 cars and locomotives, and in the
purchase of S9S new locomotives and
$4,000 freight cars, and S35.000,0oO for
additions and betterments to promote
| the movement of cars.
| Twenty roads would receive the
total fund for additions and better
ments, including improved round
house and engine terminal capacity,
the extension of sidlngs' addItlonai
yard tracks and the like. Twenty-Five
roads would receive S26,S6S,629 tor
the acquisition of 599 freight locomo-
tives and 239 switching locomotives.
having a total value of S53, 1877 .35S;
nineteen roads would receive S52,2b0,-
537 for the purchas Sc of 45,021 freight
cars. including 1850 refrig gerating
cars. of total value of approx
mately S143.569.730. and nine roads
4 would receive S7026.0O0 for the pur
existing equipment which would re-
store to efficient service 1856 cars
and locomotives
Bulk to New York Central.
The committee also recommended re-
serves from the fund for smaller roads
not members of the association, as fol-
lows: For equipment, $3.50, 600, and for
addition and betterments, S4.700,000
The New York Central would receive
the largest amount out of the $4,000, 900
for the purchase of new locomotives, its
allotment being s4,S07.000. The Illinois
Central would receive S2,9S1 500. the
Atchison, Topeka and Santa Fe. ST.
$4,000; the Northern Pacific, s1,S500 900;
New York, New Haven and Hartford.
s1,150,00O; the Chicago, Burlington and
Quincy, $1.742,0 900; the Great Northern,
S1,373, 900: the Erie, 81 ,240, 900; the Bos-
ton and Maine. s1,245, ,Ooo the Southern
Pacific, s1.16S,000; the Chesapeake and
Ohio S1,05S,000. and the Philadelphia and
Reading, $1,033,000.
OF the s35.oo0,OoO addition and bet
terment fund. the New York. New
Haven and Hartford would receive
s6130.o00; the Chesapeake and Ohio,
S4.750,O00: the Northern Pacific, $2,-
100000; the Delaware and Hudson,
$2,250.000; the Virginian. $2,000.000;
the Texas and Pacific. S1,6SS,000; Bos-
ton and Maine. s1.S14,o0o; Chicago and
Western Indiana. s1,SO0,0O0; the Great
Northern. $3.50, 900; the Erie, s1.496,-
Oc0; the Hooking Valley, s1.371 900,
and Wheeling and Lake Erie, s1,461,-
900.
Commission to Act Quickly.
Of the s52,00O.O00 for the purchase
of freight cars the New York Central
would receive $11.192, 900; the Atchi-
son, Topeka and Santa Fe, $7,S50,000;
the Fruit Growers Express. $6.750,-
| 600; the Southern Pacific, $6,S31 900;
the Chicago. Milwaukee and st. Paul.
$3,150,00O; Wheeling and Lake Erie,
| s3,60O,O00; the Chicago, Burlington
and Quincy, s2.973,750; the Chesapeake
and Ohio. S1,65S.000; Northern Pa
cific. s1.746,0 900; Illinois Central, ST.
| 524 900; Minneapolis and ST. Louis, ST.
! 100000, and Western Pacific, $1,000
! 600.
| 1t is understood that the commits
sion is preparing to act promptly upon
! these recommendations 1t was an
nounced that the roads already had
\ arranged to purchase and finance out
of their own resources $4,000 cars and
| SIS locomotives, costing S144,1 400.
| The loan fund will enable the ac-
| QUESTION of equipment to the value of
| more than the amount of the loan,
| because the loan can be used as the
| basis of credit to make an initial pay
ment, the balance to be paid usually
in fifteen-year installments.