Business & Finance: Nickel Plate merger

The Van Sweringen brothers conferred with stockholders of the Pere Marquette last week, immediately after their conference with the stockholders of the Erie. Next they will confer with those of the Hocking Valley and of the Chesapeake & Ohio. They seek to mollify minority stockholders who dissented so strenuously last spring from permitting their roads to join with the Van Sweringens' Nickel Plate Railroad into a billion-dollar Nickel Plate System.

The Van Sweringens' previous tactics had been to gain control of the directorate of the constituent lines and to force approval of the...

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!