Business: Again, Frustration

Again, Oris Paxton Van Sweringen, 49 and Mantis James Van Sweringen, 47, Cleveland brothers, are frustrated in their plans for a fourth eastern railroad system. The Interstate Commerce Commission again last week rejected their revised plan for joining the Great Lakes to Atlantic ports.

Four years ago the brothers had acquired enough grip on the Nickel Plate, the Erie, the Pere Marquette, the Hocking Valley and the Chesapeake & Ohio to ordain a great railroad system (the Nickel Plate) like the New York Central, the Pennsylvania and the Baltimore & Ohio—if the I. C. C. would not disapprove. Two years ago 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!