Business & Finance: 4 or 5 Systems

Financial press agents fought doughtily all week, as they did less conspicuously for three preceding weeks, over a national railway problem, essentially political, secondarily financial. The problem is whether there are to be four or five dominant trunk-lines westward from New York. The fifth, if at all, would be organized and run by Leonor Fresnel Loree, who now controls the Delaware & Hudson. Mr. Loree, grizzly-bear of railroads, Harriman's successor in talent, conferred for nearly three hours. His conferees represented four trunk-line adversaries: the Pennsylvania, the New York Central, the Baltimore &...

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