Show PRESIDENT APPROVES PLAN FOR MERGER dissolution receivership for union pacific avoid ed by agreement to dispose of southern pacific stock washington president ident wilson on an saturday Satur dar approved the plan formed by attorney general and the railroad attorney tor for the bissola tion 0 of the union pacific ift merger erger un der the sherman ant anti trust lav law as di 31 reeled by the supreme court of the united states no so as to avoid A re calvera bip for the great combination this latest attempt of the mana a made to dismember the combination provide provides for the disposition ot of the en tire of 0 southern pacific stock held by the union while no official announcement ha has been made it Is understood the plan as one step provides for the exchange of 1 of southern pacific stoc stott for the holdings in the baltimore ohio which are proximately of the same value the remaining ot of southern pa clec will be disfranchised and placed in ahe he hands bands of a trust company as trustee iru stee and against this block stock will be issued certificate with no voting power to shareholders of the union pacific |