The modern railroad masters of the East spent a busy week in Washington, discussing mergers and consolidations with the Interstate Commerce Commission. Their deliberations have naturally been in secret, and few echoes have passed the closed doors to the eager financial reporters outside. Accordingly, fantastic rumors of all sorts have gained space and credence. Every financial editor has had his own pet notion of how the merging of the Eastern roads ought to be done.
The problem essentially involves merging the older Eastern lines, par- ticularly between Chicago and the North Atlantic seaboard, into a...
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