Business: Embattled Virginians

With one exception, the Van Sweringens are having their own way with their projected Nickel Plate merger (TIME, July 7, Aug. 11, Aug. 18). Erie shareholders have voted to accept their terms for leasing the road to the new consolidation, thus marking the real end of the historic Erie as an independent road. Pere Marquette shareholders. according to report, are about to follow suit.

With the Chesapeake & Ohio stockholders, however, the situation is very different. The Van Sweringens bought the majority of C. & O. stock for the Nickel Plate rather easily....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!