Evening Republican, Volume 22, Number 109, Rensselaer, Jasper County, 9 May 1919 — FEDERAL LOSS WITH RAIL-. ROADS IS $418,000,000 [ARTICLE]

FEDERAL LOSS WITH RAIL-. ROADS IS $418,000,000

Washington, May 6. —Director General Hines in a discussion of recent railroad earnings, tonight disclosed that: |The government deficit in operating the railroads for the first three months this' year, or the difference between net earnings and one-fourth of the guaranteed annual compensation, was about $192,000,000 for all roads under federal management. The government’s loss for 1918 was $226,000,000. The entire government loss incurred in fifteen months of federal operation was $418,000,000.