Ogden Standard-Examiner | 1927-01-14 | Page 13 | Rail Merger Plan Detailed

RAIL mm MERGER PLAN DETAILED v Would Form Ne New v Holding Company and Lease ase Lines NEW YORK J Jan n H 14 By 14 By The AssocIated Press The Press The gigantic northwest rail merger mercer Involving the Northern Pacific Creat Croat North North- Northern Northern Northern ern and Chicago Burlington I Quincy systems w will III be b effected through the formation of at a new holding company which will lease the constituent t linen lineD It WAS learned toda today The special committee which has the th plan In charge has agreed upon all nil major majo maJ points but the th de- de details details de details tails will be corked Yo ork d out next week conferences at here her between mem mem- members members members bers of ot the th committee and other railroad s No decision has yet beet been reached w r the pro pro- proposed proposed pro proposed posed plan will wll first tint be L submitted to stockholders stockholder for tor their approval approval approval al or presented to the Interstate Commerce commission In the tho to form Im I'm of a petition It Is exp expected eted tha that the plan lan lanwill will bo be advanced after aCter next weeks week's so that It Itcan Itcan Itcan can be submitted at once once to the dIrectors of at f Inc no roads Involved n