RAILWAY MERGER
HUGE U.S. MOVE.
(United Press Association.—By Electric Telegraph.—Copyright.) (Received this day at S a.m.) WASHINGTON, October 4. A gigantic railroad merger involving almost ten billions of dollars was proposed on Saturday before the Inters State Commerce Commission. Four great Eastern carriers, Pennsylvania, New York Central, Baltimore and Ohio, and Vansweringen interests, advanced their plan for consolidation of eastern roads into four trunk lines. The action is preliminary to a petition for actual consolidation. Should the Commission accept the proposed lineup of roads and then make individual petitions extending from Kansas border on the west to Atlantic ify'om Canada to Tennessee and South Carolina borders, the roads will form a veritable spider web. Comparatively small sums are needed to cany out the plan.
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Hokitika Guardian, 5 October 1931, Page 5
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124RAILWAY MERGER Hokitika Guardian, 5 October 1931, Page 5
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