The Archive · 1932

Railway Merger in America

New York, Sept. 24.

Twelve years of negotiations ended to-day with a huge railway merger of the four trunk line sys-toms, the Eastern United States, the New York Central, the BPennsy!l-mania, Baltimore, Ohio and the Chesapeake Ohio Railway Com-ionies. The total capital of the joint concern! will be no less than G.$8,000,000,000, The fate of New England railroads, other than the Boston-Albany Railroad, which is the property of the New York Central Company, will be determined by future negotiations, The merger, which is the result of a recommendation by the Inter-State Commerce Commission, has been carried through in spite of Congress, from railway labour organizations, the railway companies themselves and from shippers.—Reuter.

Upon request from the Chinese Government, Austria authorised the service of Messrs. Tien-Shung, Tsiang-Shui-Cheo and Tschong-Pin-Yang, all lieutenants of the Chinese army, in the ranks of Austrian army, as auditers of the Officers Academy.

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

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