RAILROADS: The Popular Stockholders

Stockholders of the Baltimore & Ohio Railroad were as popular last week as a fare cut to commuters. Three weeks ago the money-making Chesapeake & Ohio Railway offered to buy 80% of the B. & O.'s stock, and won the blessing of B. & O.'s management. Last week the New York Central Railroad, afraid of such a merger, which would create the second largest railroad in the U.S. and make competitive life hard for the Central, also made a move to woo B. & O. stockholders.

It said it wants to acquire 60% 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 TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!