| Show LINES TO ERGE UNDER SCHEME BYALL BY BYAll All INTERESTS Burlington Likely to Re Re- Re Remain main as at Present NEW rEw yom YORK Jan Jn BY 20 20 By Tho Th Associated press lrus Developments In th the last l st few day das daye supported sa b-sa by bya bya a joint statement of ot officials of tho two com s se m to to h have v quashed recent reports thAt t the proposed huge huse North Northwestern western railway merger mercer w re- re resemble re resemble In form the plan pan started 25 5 yc years rs ago aco and declared decard Illegal mega by the tho government The new plans definitely ly do not contemplate It 11 Will was announced the establishment ot of o a a mere roer holding company fact f ct whatever props prop proposition Is Js accepted for tor the the m merger nt lt t fO to th the North North- Northern ern Tn n securities companies ed November 13 1301 1901 In New Jersey to net act as a a holding com corn company pany fO for tor tho the stocks stock ot of o the tho North Northern ern Pacific railway NII and the Great Hallways UNI r That company formed to Invest Inest lh in and hold bold securities of other corporations was vas declared In March nOt HOI by y the tho United supreme court cour to to-be to be a combination in n violation cf of th the tho trust ant act lind nd on April 21 1904 stockholders ers era voted to reduce th the capital stock and distribute the he tits ties It Is understood officials of the tho Gre Crest t Northern Northen and all ot of the North North- Northern Northern ern em Pacific In their discussion to- to today to today day will r centt-r attention on a aplan plan general details of ot which were announced Tuesday The plan contemplates the th for for- formation formation for formation which mation of ot a 0 n new w company through will not only control control- stock tock ownership bul but buE win will Involve leasing o of tho line lineA to lo a X single op op- op operating crating carrier which also alo will directly operate th the spokane Portland Seattle Railway com corn corn- pany The Th Burlington Quincy Quincy n 7 per of th the the- stock of which Is already dy jointly con controlled con con- trolled by th the two t northern roads will probably remain separate asat asat as ast at t present Officials of the roads pointed out recently that the tho sort tort of o uni- uni unification Uni considered has general approval Tho The transportation act a 8 joint statement reaL has bas J provided for fol acquIsition of control of one ono car car- carrier car carrier rier by another through ownership and lease wIthout corn com complete com plate consolidation and th the I J C Chas C has hos sanctioned extensive by stock control and lease Any plan plat niu t-me t t the th approval all al of ot the tho dir clors an and 11 shareholders ers era of the bus va-lous properties of the I J C C ad nd of the public It- It Itself It Itself self In other words said an of official of- of tidal any plan must be In the public Interest t to bo be b really work work- workable workable able blo and successful 00 go |
