Word: mergered
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Dates: during 1920-1929
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...proposed merger because of its greater geographical extent and traffic possibilities would have a more stable earning capacity than have the five members that would join...
After a few warning twinges, the glossy blister of high prices in the New York stock market burst explosively at the prick of the rail merger ruling at Washington (see p. 28). Widespread pain was experienced by the speculating body public, as leading rail, motor, industrial and chain-store stocks oozed out 10, 20, 30, even 50, even 80 points, even 100 points.* The nerves of finance carried the anguish to distant cities...
...members of the Interstate Commerce Commission (in Washington) felt that they could do what they would do with a clean conscience. They gave to the press and to the world their decision (agreed to by a 6 to 1 vote, several members not voting) on the proposed Nickel Plate merger...
...decision was the product of many months and some half a million dollars' worth of hearings, not to mention several weeks deliberation on the part of the Commission. The proposal was for a merger of the Nickel Plate (New York, Chicago & St. Louis Railroad Co.) with the Pere Marquette, Erie, Chesapeake & Ohio, and Hocking Valley railroads into a great system with some 9,500 miles of track, connecting New York City and Newport News on the Atlantic coast with Chicago and St. Louis in the interior. It would be a fourth great Eastern railway system rivaling the New York Central...
...Although the proposed merger of railroad routes is not exactly what the Commission itself had planned as desirable, yet it is certainly meritorious, is in accordance with the policy for consolidation laid down by Congress, and is in the public interest...