Independent Press-Telegram from Long Beach, California on July 16, 1961 · Page 23
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Independent Press-Telegram from Long Beach, California · Page 23

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Location:
Long Beach, California
Issue Date:
Sunday, July 16, 1961
Page:
Page 23
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Old Railroad Giants in Battle of Merger By ROBERT STRAND -'i,;SAN FRANCISCO (UP!)--Two historic western railroad giants are at it again--battling to get bigger. Southern Pacific and Santa Fe, who once fought their battles with bullets and ballots, engage each other with batteries of barristers Monday in a hearing to determine which one can take over control of a third ·railroad, Western Pacific. Southern Pacific is already the nation's biggest railroad moneymaker and Santa Fe has 13,000 miles of track. .And the prize is WP, a financially sound line 1,189 miles long. WP's importance lies in the fact it is a connecting link in the - Transcontinental Overland Route through the gateway of Utah. It also is link over the Bieber Route for north-south traffic on the Pacific Coast. * * * * T H E PRESENT dispute broke out last October when SP .disclosed it had acquirec i'0:jer cent of the WP stock and; would seek control. · Within two weeks Santa Fe bought up 20 per cent o the stock and said it woulc seek control rather than se WP taken over by SP. Neither can take over w: without permission of the in terstate Commerce Commis slo'n!' The ICC has said it in terjt($ to encourage railroa consolidations in the interes of'ec'onomy and efficiency. So the ICC opens a hea ing Monday into the prob lem. It is expected to hear th ' views of several eastern rai loads, at least eight sta · .utility commissions and tl UfS. Justice and Agricultu Departments as well as tl involved and their arties iends. * * * * SANTA FE and SP have 'orked hard for favorable Mnions from their friends, very sizable city in the area as been canvassed and more han 2,000 civic groups, cards of supervisors, labor rganizations, shipping asso- iations and farm groups ave taken stands on the sub- ect. Western Pacific, w h i c h ays it is making money and vould prefer to remain inde- lendent, takes the side of its listoric partner, Santa Fe. "he railroad says the merger ever is running so high that t probably would be only a matter of time before it would )e gobbled up. Both SP and Santa Fe say :hey would operate WP as an ndependent firm. The arguments are so complex that the ICO is not expected to rule on the subject until late next year. And then, lawyers say, there is a good chance the whole thing will be gone over again in the courts. HAVE YOUR OWN HOME by summer! You will find the home of your dreams in "Homes for Sale" in Classified, the town's marketplace of available property. FREE GIFTS! OPEN YOUR ACCOUNT NOW AND CHOOSE ONE OF THESE LOVELY FREE GIFTS! Limit one gift per account or addition. Sorry, only Blire Chip Stamps will be mailed. FOR HEW ACCOUNTS OR ADDITIONS OF $1,000 OR MOREr FREE 2 tier Hostess cart, perfect for indoor and outdoor living FREE Ice Bucket E qt. Imported Italian Aluminum -FREE TV Lamp A decorator masterpiece Blue Chip Stamps Up to 1,050 stamps TRANSFER YOUR ACCOUNT NOW! · Each accoL-nt insured to $10,000 · Save by mail... postagt free « Accounts opened by July lOlh earn from July 1st ^^ AND LOAN ASSOCIATION)*'ESTBtlSHI.r'l4z MEMBER FEDERAL HOMT'tQAN BANK: SYSTEM r| IONS BEACH BRANCH: 4512 Atlantic AYE, BUSY Knolls-GA. 8-1281 AIM OFFICE: 42S South Spring St., Los Ange!es 4-8524 Your AD in the ^f- --- ·*«"' will be seen more than once ^ I by the 65.1% of our r i\ subscribers who ^TM save the section jnBBBI^K3IBHHM3iHBB jBHmBBKSBCHBBlBQH Mr, Retailer . , , puf yours in TODAY CALL HE 5-1161, Ext, 249 tNDEPENDENT-PRESS-TELEGRAM-B-tf famed make California sportswear 40% off We've a.spectacular group of fine sportswear--you'll r e c o g n i z e . t h e f a m o u s maker's trademark on every piece--now at new low prices. We show just a few of many blouses, tops, skirts, pants and.,shorts, all in matching combinations. Not every style in every size and color. A. Was 4.98 Cotton gingham c h e c k crop top with cotton lace trim. Beige, violet, yellow, green, blue, 8-18 2.97 13. Was 7.98 Fully lined back-zip ca- pris in cotton check gingham, beige, violet, yellow, green, blue, sizes 8-18 4.77 C. Was 4.98 Cotton batik print blouse, orange, green or grape, 8-18 2.97 D. Was 7.98 Cotton unpressed pleated skirt, orange, green or grape, 8-18 4.77 " E. Was 5.98 Cotton batik print prayer jacket; orange, green, gtape, 8-18 3.57 F. Was 7.98 Cotton duck knee pants, print-trimmed to match in 8-18 4.77 Sorry, no mail or phone orders Accepted, may co. sporls^'cjr 76--second floor boulevard shop '·'·· : swim suit .» clearance --7.94 I Height-of-the-season clear- '.". ance of famous name swim suits. Sheaths, maillots, boy --'shorts and two-piece styles in news-making prints and solid colors. All beautifully constructed with built-in figure-controlling features '· --and all at qnc low price. ~Sizes 32-38,10-16 and 7-15. r »-V,o G. Floral cotton and rubber adjustable «" length suit; tucked bra. ,,.,.; H. Checked acetate, cotton and rubber boy short style swim suit; front belt. J. Checked cotton and rubber knit mail- la:; semi-low back. · · ; sorry, no trm! or phone orders accepted - · -- m»y co. boulevard sportswear-- sirecl floor MAY CO LAKEWOOD OPEN MONDAY TILL 9:30 HOP MONDAY. WEOHESCAY. IHlflSOAY.' f RlPAT. »:JO A.M. TO' 9.30 ?M SBOf ItESPAY AND SAIUTOA1L9 30 A'H. IO 530 P M .

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