RAILWAY MERGER.
GREAT AMERICAN SCHE?^E. CAPITAL OF £300,000,000. NEW YORK. Jan. 19. James J. Hill, who'buslfc the Great Northern Railway. has' been dead marly years, but his dream of a huge railway empire, under one control, throughout the American northern and western States was almost realised to-day, when a meeting of the presidents of the Great Northern, Northern Pacific and Burlington lines took place. Hie ChicagoMilwaukee Road, the sale of which, at a recent auction for £8.000,000, has just been confirmed by the Courts, will probably . be included. A new corporation, the largest in. the history of rail-reading, with a capital of £300,000,000, is being formed. If the Government allows the merger, the company will spend millions in tremendous development schemes, intended to open up the vast great western farming: and forest lands.
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New Zealand Herald, Volume LXIV, Issue 19550, 1 February 1927, Page 11
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133RAILWAY MERGER. New Zealand Herald, Volume LXIV, Issue 19550, 1 February 1927, Page 11
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