Show PRESIDENT APPROVES PLAN L FOR MERGER DISS dissolution LUTION receivership for union pacific avoid ed by agreement to dispose of southern pacific stock washington president wilson on saturday approved tho the plan formed by attorney general Reynolda Mc and the railroad attorney for the dissolution of the union pacific merger under tinder the sherman antitrust anti trust law as directed by the supreme court of the united states so eo as to avoid a te receivership celver ship for the great combination this latest attempt of the many made to dismember the combination provides for the disposition of the entire of southern pacific stock held by the union Pact pacific fic while no official announcement has hab been made it is understood the plan as one step provides for the exchange of of southern pacific stock for the pennsylvanian Pennsyl holdings in the baltimore ohio which are approximately at 0 the same value the remaining of southern pacific will be dis franchised and placed lit in the hands bands of a trust company as trustee and against this stock will be issued certificates with no voting power to shareholders of the union pacific |