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Iowa Governor Opposes Railway Reorganization

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Pacific Press Publishing Company · Oakland, California · Aug 13, 1902

FromSigns of the Times, Vol. 28, No. 33.

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Iowa Governor Opposes Railway Reorganization

The governor of Iowa is preparing to oppose the reorganization of the Chicago, Rock Island, and Pacific Railway Company, claiming that in the reorganization the company has violated the laws of the State. This company formerly had a capitalization of $75,000,000; but in the reorganization the capitalization is placed at $125,000,000. The governor believes that the principal part of this increase is in watered stock.