With one exception, the Van Sweringens are having their own way with their projected Nickel Plate merger (TIME, July 7, Aug. 11, Aug. 18). Erie shareholders have voted to accept their terms for leasing the road to the new consolidation, thus marking the real end of the historic Erie as an independent road. Pere Marquette shareholders. according to report, are about to follow suit.
With the Chesapeake & Ohio stockholders, however, the situation is very different. The Van Sweringens bought the majority of C. & O. stock for the Nickel Plate rather easily....
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