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Lethbridge Herald Newspaper Archives

- Page 12

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Lethbridge Herald, The (Newspaper) - September 4, 1971, Lethbridge, Alberta 12 TtlS IITHSRID8I HntAin Snlurdoy, I- 1971-------- Kail employers run line WASHINGTON (Renter 1 Fourteen thousand workers I he CIiiciiKO and Northwestern Kailrond have won initial mimenl approval for a iiniqie proposal to lake over Hie line and run it. Hallway Presidenl linn Ileineman k-siLficd in favor of ilio proposal ,'U ,-i hearing of the Inlrrslalo Cinnnlis sion. lie yaid produt'iivily woidd be unproved under employee ownership. The employees have formed a corporation called iN'elco to ac- quire (he line by assuming it. debt obligations. Nelco then would sell stock lo employees will) sales based on individual salaries and the stockholders vovid elect the board fo direc- The Full 11-ineniber ICC must approve the plan before employ- ees can put it into opeariion. Chicago and N'orlhweslern provides freight services in U midwcstcrn stales and passen. per service in the Chicago area, HtlOf Take advantage of this special offer: FREE! ZENITH PORTABLE RADIO with sny Zcnrlh Hearing Aid purchased Ihrough September 15, 1371. "lake an impcrlan! slep lowa'd beller hearing today'. Come in flnd have your hearing (cslcd Ireo