Business: Virginian Lease

Last week's events went to prove that, in the highly competitive clash of Eastern railroad mergers, the

Pennsylvania R. R. is by no means to be forgotten, even if the Van Sweringens' Nickel Plate has enjoyed most of the limelight. The Nickel Plate was quite anxious to acquire the Virginian R. R., and neither the New York Central nor the Baltimore & Ohio would have wept bitter tears at being asked to take it over.

The Virginian consist of a single line running from Norfolk back into the coal territory in the hills. It slopes so steadily seaward that cars loaded with coal...

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