Show I I C AND AND ND N L W GAINS I CONTROL OF OP LINE WASHINGTON Tub rb 23 The 25 ChIcago 5 rall n railway company w was s n authorized th lods today b by 1111 Interstate commerce lOll to acquire further urther of the Chicago St Paul apolis and Ona Omaha ha railway com corn company company pan pany by purchase of aock ock The fhe permitted commissIon at nl the th same time per P por- por I milled the Company com pany to lQ issue not nOI exceeding of common stock In exchange for com Corn common moo mon and preferred stock of the tho Omaha com company pan The Northwestern for many year has had a 0 slight majority or of the stock In the Omaha and through this control has saved ily by combined supervision In rout rout- h roul 11 anti and joint operation a total of SI for tor the Northwestern and 4 for the Omaha Through l tc eon the road ii In III Its lla application al e call esti estimated lI- lI mated looted nn on additional saving of her The total capital fock of the Is of which there Is outstanding 18 of stock common and nd 8 11 11 of preferred stock Since 1882 the owned of the common and preferred stock of the Omaha II a percentage of o of the total The ba bal basis l of exchange proposed In the acquisition arrangement Is five fhe shares of Northwestern corn com common cornmon mon for two of Ornah Omaha preferred further In the tho applicants applicant petition fur fur- fur ther acquisition of stock In la the Omaha in tIl facilitate unit unIfication and In case a a lease leue hould besought be sought reduce cash requirements for rental payments |