The biggest single block of stock (an estimated 25%) in the Baltimore & Ohio Railroad is held in Swiss bank accounts. In the fight between the New York Central and the Chesapeake & Ohio railroads to gain control of the B. & O. (TIME, July11), the Swiss-held shares may prove to be the decisive block. Last week the three big Swiss banks that hold the stock advised the owners, in a confidential memo, to accept the merger offer of the C. & O. Merger of the C. & O. and the B. & O., said the memo, would "present...
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