Business: Application Denied

It was 3:30 p. m. The New York Stock Exchange was closed for the day. It was a free hour and the members of the Interstate Commerce Commission (in Washington) felt that they could do what they would do with a clean conscience. They gave to the press and to the world their decision (agreed to by a 6 to 1 vote, several members not voting) on the proposed Nickel Plate merger.

The decision was the product of many months and some half a million dollars' worth of hearings, not to...

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