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Great Railroad Alliance in the East

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Pacific Press Publishing Company · OAKLAND, CALIFORNIA · Sep 24, 1902

FromSigns of the Times, Vol. 28, No. 39.

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Great Railroad Alliance in the East

THE two great railroad factors in the Eastern field are reported to have formed an alliance. The capitalization of this new concern, which consists of the Vanderbilt system and Pennsylvania system, will be in the neighborhood of $2,000,000,000, and will include 30,000 miles of track. The aim of this organization is to dominate traffic between Chicago and St. Louis, the great lakes and the Ohio River, the Canadian boundary and the Potomac River. This combination of interests makes one of the greatest mergers yet effected in the realm of trust operations.