OCR Text |
Show EXPRESS COMPANIES PLAN WAR MERGER WASHINGTON, May 22. Director General Gen-eral McAdoo today received from his advisory ad-visory staff a report that the leading express ex-press companies, including- the Adams, American, Wells-Faigo and Southern, had agreed to the proposal to form a single corporation to handle most of the express ex-press business, with capitalization of about $35,000,000 andoperating under an agreement to ijive the railroads about half their gross revenues for hauling service. Some doubt is felt whether Mr. McAdoo will approve the plan, since It does not include some of the smaller companies. |