The Waterbury Democrat., 1936-12-07
NewHavenR R.R.Given
 Millions For Repairs
Passenger Cars Reconditioned, "Comet' Added to Service With Aid of PWA Funds Railroads Benefit

| q Public Works Administration loans, $200, ,529,000 in all, aided g railroads throughout the United States in meeting steadily increas- ing freight and passenger demands, according to a recent report pre- pared for Administrator Harold L. Ickes, State Director William J. Farley said today.
 These loans for rolling stock. mo- tive power, modernization and i'm proved plant made possible work producing construction, and result ed in a profit of $3,218,247 to the public Works Administration from the sale of a portion of the bonds and securities accepted by 1t to cover the loans.
 Railroads Aided
 PWA's loans (grants to private institutions not being permissable) enabled the 32 railroads to con- struct and purchase three high speed streamlined trains, 195 loco- motives, 303 passenger cars, 36 mail and express cars which went to make tip number of other we'll known high speed trains; and 24,- 170 freight cars. It also enabled the repair and reconditioning of 1928 locomotives, 947 passenger cars, 40,- 877 freight cars, and the equipment of 300 freight cars with automatic leaders. Considerable reconstruction of roadbeds, bridges, culverts, and other structures also took place, in- c1uding completion of the electrif- cation of the Pennsylvania Railroad from New York to Washington. It was specially emphasized, MT. Farley stated, that if PWA had not been able to loan money to rail- roads, they would have been in a much less advantageous position to care fully for the increased pas senger traffic which resulted when fares were decreased, June 2, 1886. Such trains as the New Ravens Comet" operating between Boston and Providence were made possible by PWA loans. The reconditioning and construc- ton of railway equipment, together with the laying of hundreds of thousands of tons of rails created employment for a multitude of workmen, not only in the railroad shops and along roadbeds, but in the steel and allied industries which furnished the raw and fabricated materials.
 New Haven Road
 The New Haven borrowed in all, $7,O27, ,O0O, with which it purchased | 25,O00 tons of rails and necessary fastenings, 50 new passenger cars and one articulated Streamlined train (The "Comet~, and repaired l.O6O passenger cars in railroad shops. Most of the railroads in this section took advantage Of PWA loans.
 The largest loan $70, ,000, was made to the Pennsylvania Railroad company. On this Iona, all or which has been turned over to the Reconstruction Finance Corporation sales to date of the bonds have realized a profit of $3,396, ,999. This
 loan financed the labor-producing program of the Pennsylvania, which
 brought about completion Of its identification of the New York to
 Washington Division, the construc- tion of 1000 new freight cars, ana 68 electric locomotives, the purchas- ing of 8 electric locomotives ana 98,787 tons of rails.
 Another large loan was to the Baltimore & Ohio. $6,335 900, which | financed the construction in the company shops of 820 gondolas, the repairing of $50 steam locomotives and APO freight cars, the purchase of 16 streamlired passenger coaches and a Diesel electric locomotive; and tEe purchase and installation Of s, ,OOO tons of rails and fastenings. Boston & Maine
 In our section, a total of $9,3l8,000 was loaned to the Boston & Maine. which financed the purchase of 3l new passenger cars, two Diesel elec- tric rail cars, two Diesel electric To- comotiyes, ten steam locomotives and one high speed streamlined train; the repairing of 25 steam lo- comotives, 8i8 freight cars. and 90 passenger cars in railroad shops: the repairing of miscellaneous roadway, station and ofiice buildings. and the installation of signals; the purchas- ing and laying of 30.000 Cons of rails and fastenings; the replacing or re- pairing of tracks, bridges, culverts and other structures. signals, tele- phone, telegraph and power lines, and miscellaneous maintenance items.
 The Maine Central gave collateral notes for e loan of $3iS.000, to finance the purchase and installa- ton of 4.200 tons of rails and fasten- ings.
 Among other eastern roads. the Erie was advanced ei8,025.000 and the Delaware and Lackawanna s4,062, 900. and the New York Gen. ! tral e6.00o,000, these sums being ex-