Evening star., 1940-09-01
Is Railroads Seek
To Save $4,000,
By Cutting Capital
!. c. c. Approves Plans
Of 20 to Reoreonize;
To Act on Five More
BY the Associated Press.

10 Act on Five More
BY the Associated Press.
The Interstate Commerce Com
mission made public yesterday sum-
mary of reorganization plans-pro-
posed or approved-for IS railroads
which disclosed that their total
capitalization would be reduced from
$4,502 $50, 1000 to $2,3SS,675, 900. An
nual fixed charges would be re-
duced from s131 ,462 ,982 to $39, ,452,-
069
The commission has approved
plans of reorganization for 20 of
the carriers while examiners have
proposed plans for five others, and
these plans are awaiting commits
sion action.
Railroads for which the commits
sion has approved plans include:
Akron, Canton & Youngstown
capitalization reduced from ST.
los, 900 to S8,5O0,000 and fixed
charges from 1894 $50 to s170,965.
Boston e. neutrality-suspicious.
tion of $6,166,000 eliminated. Re-
organization plan for New York,
New Haven & Hartford includes
$4 ,506, ,733 of bonds to be issued in
acquisition Of Boston g. Providence
property.
Chicago & Eastern Illinois-Capi-
talization reduced from 1852 900
to $43,426,000, and fixed charges
from s2,248,798 to 1862 1863.
Chicago & North Western-Capi-
talization reduced from s552 AIT 900
to S329. 9.074,00O and fixed charges
from s16,549, TAO to $3,382,O79.
Chicago Great Western, capitaliz-
alton reduced from $l34, ,952 900 to
$50, ,092, 900 and fixed charges from
$685. ,783 to S849 900.
Chicago, Milwaukee, st. Paul and
Pacific, capitalization reduced from
$627, 1854 900 to 1895 1856 900 and fixed
charges from s14,s54,4 ,451 to s4,269,-
654.
Chicago, South Shore & South
Bend, capitalization reduced from
s14, ,479 900 to s7,808, 900 and fixed
charges from s334,117 to s1o6, SOB.
Copper Range, capitalization re-
duced from s4,280,00o to s3,280,0OO
and fixed charges from $l07,975 to
$500.
Denver g. Rio Grande Western,
capitalization reduced from s164,-
529 900 to s109 ,528 900 and fixed
charges from S6,524,415 to S1,278,5 ,539
Erie dncluding Chicago e. Erie), b,
capitalization reduced from S495,-
954,000 to S230,278,000 and fixed
charges from s13,593, ,536 to s7,52O,-
226.
Kansas City, Kaw Valley & West
ern, capitalization reduced from
81 ,685 900 to $4,000 and fixed
charges from $25676 to $500.
Louisiana & Northwestern, capi-
talization reduced from S4 469 900 to
s969,000 and fixed charges from
s112,413 to s34 1922.
Missouri Pacific, capitalization re-
duced from s667 ,873, 900 to S347,-
All 900 and fixed charges from S24,-
770,052 to S7,2S6,804.
New York, New Haven g. Hartford,
capitalization reduced from $685.
088, 900 to s370,e74,O0O and fixed
charges from s13,521 ,947 to $685.
899.
Oregon. Pacific & Eastern. capital
ization reduced from $574,000 to
$151,000 and fixed charges of s16,501
eliminated.
neutrality-suspicious. of s198.-
900 remains unchanged and fixed
charges reduced from s2,595 to
81, 400.
st. Louis-San Francisco-Capitali-
zation reduced from $402 ,314,000 to
SIT 917 900 and fixed charges from
S12 613 ,1o6 to S3,00o117.
Savannah & Atlanta-Capitaliz
ton reduced from S7,270,000 to ST.
CAT 900 and fixed charges from $751;
968 to S81, ,498.
Spokane internationally
zation reduced from s11,525 900 to
50 BAT 900 and fixed charges of S273,-
155 eliminated
Western Pacific-Capitalization re-
duced from S154,066, 900 to s65, 5,819,-
900 and fixed charges from S3,634,-
75O to s4e4 ,2o2.
Reorganization plans proposed by
examiners and awaiting commission
action include:
Alabama, Tennessee g. Northern
Capitalization reduced from SS.051,-
600 to 50 $50, 900 and fixed charges
from $243,871 to s50,515.
Chicago, Rock Island e. Pacific
Capitalization reduced from s458.-
839 600 to s179 .357 900 and fixed
charges from s15,771 ,878 to S2,575,-
SAT.
Fort Dodge, Des Moines & South
ern-Capitahzation reduced from
50 879 900 to S3.673 900 and fixed
charges of $282 693 eliminated.
st. Louis, Capitali-
zation reduced from SLOT ,125 900 to
$81 ,060 900 and fixed charges from
$3,24S, ,66S to $1,33o,330.
Yosemite Valley - Capitalize ton
reduced from $3,988, 900 to s2,31S 900
ard fiyad charges pf S116 o2Q aim. .