In 14 months the R. F. C. has lent U. S. railroads the sum of $365,782,843 with which to meet taxes, hire workers, pay off creditors, replace equipment. If these loans are not repaid the U. S. Government will some day find itself the proprietor of most of the railroads in the land. In his campaign speech at Salt Lake City last year Franklin Roosevelt put the carriers on notice that they could not look for an unlimited flow of credit from his Administration. He was ready to help them through the...

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