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Show TO DISOLVE BJJERGER Scheme to Unscramble Great Railroad System Preildented to Federal Judges at St. Paul. Plan Endorsed By Administration Will Have to be Approved by Court to be Effective St. Paul, June 30. Plans for the dissolution of tho Union Pacific and Southern Pacific merger as ordered by tho United States supremo court, were presented today to Federal Judges Judg-es Sanborn, Hopk and Smith of the eighth circuit. The plan has been np-' proved by President Wilson and Attorney At-torney General McReynoIds with tho qualification by tho government that tho court grant a reasonable time within which tho attorney general may wake objections If a furthor study develops that the plan will not meet the exactions ot tho Sherman law In all respects. In brief the plan presented today by tho Union Pacific counsel provides tor the exchange ot $38,292,400 of Southern Pacific stock for tho Pennsylvania's Penn-sylvania's holdings In the Baltimore & Ohio ot approximately the same value and tho placing of tho remaining remain-ing $88,357,700 of the Soutnorn Pacific's Paci-fic's $126,650,000 stock In tbo hands of a trust company to be sold within a definite tlmo. G. Carroll Todd .special assistant to the attorney general, represented the government at the hearing. Tho court which sat as the district court of the United States for the dlhtrlct of Utah took the dissolution plan under advisement. |
