The Archive · 1930

Opposition to Merger

Washington, Apr. 6.

While Minnesota business mon were urging the Government forbid the proposed merger of the Great Northern and the Northern Pacific railways until Congress could investigate the subject thoroughly, Mr. Joseph Eastman of the Interstate Commerce Commi sion declared to-day that the Government was in danger of losing ho explained, exact ownership of the various American lines.

Mr. Eastman said that the Alleghany Corporation was the nepal holding company for the an Sworingen railway interests. Other large holding companies included the Western Pacific Railroad Corp., the Atlantic Coast-line Ca. the Delaware Hud on Ca. and many others which were less significant The Senate Interstate Committee would continue its hearings to-mor-

The Federal Trade Commissi sil resume its hearings in the utiities investigation on April 16, with special reference to examining the financial operations of the Electric Bond & Share Co—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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