Railroads: The Biggest Merger

Before the Interstate Commerce Commission last week was a plan for the biggest railroad merger ever proposed. Three major Western roads, the Great Northern, the Northern Pacific, and the Chicago, Burlington & Quincy (98% owned by the G.N. and the N.P.), petitioned the ICC to allow them to merge into a single, vast new system to be called the Great Northern Pacific & Burlington. In addition, the short (936 miles) Spokane, Portland & Seattle Railway, built and wholly owned by the N.P. and the G.N., would be operated after the merger under a ten-year lease, presumably would then be absorbed...

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