Word: icc
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...lack of substance. Bowles and Sihanouk agreed to ask the Southeast Asian International Control Commission to save Cambodia from drowning in the overflow of the Vietnam war. As a diplomatic exercise, the joint appeal may have been something of a success. But as a means of protecting Cambodia, the ICC would prove hopelessly inadequate...
...save another $30 million a year. The merger would create a system every bit as affluent as the Penn Central. It would include the Nickel Plate and the Wabash, already owned by the Norfolk & Western, as well as the Erie Lackawanna, Delaware & Hudson, and Boston & Maine, which the ICC already has ordered the Norfolk & Western to absorb...
...Road. The Illinois Central and Gulf, Mobile & Ohio, with 9,200 miles of frequently parallel track, hope to merge too. The Missouri Pacific is anxious to take over the Atchison, Topeka & Santa Fe. The three "Northerns"-the Great Northern, the Northern Pacific and the Burlington-have been given tentative ICC permission to combine lines that cover most of the territory between Chicago and the Pacific. The Rock Island Line, an enticing property despite financial difficulties, has a plethora of suitors. Hoping to take all or part of the Rock Island over are the Union Pacific, Southern Pacific, Santa...
Size and efficiency indeed were two elements that frightened the ICC when it first considered and turned down by a 6-to-5 vote a merger of lines that railroad men refer to as "The Northerns." The Government feared that the G.N.P. & B. would hurt competitors, notably the Milwaukee Road and the Chicago & North Western. Those two roads, which are also intent on merging, withdrew their opposition to the G.N.P. & B. after the Milwaukee was allowed access to such cities as Billings, Mont., and Portland, Ore. and to Canadian points that had all previously been terminals only of The Northerns...
...Pennsy and Central into the nation's biggest rail system. The court overruled protests by the city of Scranton, Pa., and unsuccessful Pennsylvania Gubernatorial Candidate Milton Shapp that the merger itself would be detrimental. And it left untouched an ar rangement under which the Penn Central, if the ICC approves, would first lend $25 million to the beleaguered New Haven to keep it going; the Penn Central would ultimately acquire the New Haven and maintain its red-inked passenger and freight services...