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n*c i on uti i to L'r,to,I a ;J:eintoCONSOLIDATING THE READINGLease Is For 999 Years and the Contract Fiii® Is $1,069,000 a Year—Objections Come From Some of the Trunkthe Pennsy.Washington, Today..— — TheReading Railroad's project for consolidating with tho Lehigh and New England system was tentatively approved today In a preliminary examiners report submitted ,to tho Interstate Commerce Commission,In spite of objections to tho proposal by some of the trunk line railroads, including tho Fenna., C. V. Burnsido, the commission's assistant director of finance, who considered tho evidence,, advised the commission to allow consummation of the consolidation.The Rending should) he required to hold the lino of the Lehigh and New England open, insofar as It is open at present for co-operation with other railroads in joint shipments to New England, tho examiner stipulated.The predominant question ofApublic interest in the sUhiaMi; the examiner’s opinion, is ip'tr taining efficiency of rail'rhuteit** New England from terrifpiy^iSm west of Now York Horbor^RMl routes north of Now York are becoming of increasing:;impppp unco bocauso of traffic congeafl#' he held, and the line of the Lehf and New England is eonsequeiii of great value to trunk line rallrof generally. The Reading, in;?tak: it over, should bo required? to^Ui Lehigh's use* by other roq^s^llfl As to details of the propbaatMi report said that the Readiogs tract to lease #the Lehigh ■ years at an annual cash TehtaUv. $1,009,000 1b fair. The co.hfblid! Con would be productive of econir in general railroad operatitmP in accordance with the spirit 6$ era! legislation providing fori road merging, it was held.
Newspaper Details
Lebanon Daily News and the Lebanon Daily Times
Lebanon, Pennsylvania, US
Fri, Nov 12, 1926
Page 13
Full Page
Clipped by
Frederick C.
MD, USA 12 Mar 2025
Other Publications Near Lebanon, Pennsylvania
Lebanon Daily News and Lebanon Daily Times
Lebanon Semi Weekly News
Lebanon Daily News and the Lebanon Daily Times
Lebanon Dramatic News
Daily News
