Friday, October 16, is the target date for consummation of the unification of the Norfolk & Western; Nickel Plate; Wabash; Akron, Canton & Youngstown; Pittsburgh & West Virginia;' and the Sandusky Line of the Pennsylvania.
President Herrman H. Pevler of the N. & W., Chairman Frank M. McHale and President Myron B. Phipps of the Nickel Plate, and President Henry W. Large of the Wabash made this announcement on learning that the Pennsylvania Railroad on September 14 had accepted the conditions set by the Interstate Commerce Commission in approving the N. & W.-NKP merger.
The officials of the three railroads in a joint statement said:
"The action of the Board of Directors of the Pennsylvania Railroad removes the last major obstacle in the Norfolk & Western
Railway Company's unification plan.
"Naturally, we are very pleased. Our new 7,800-mile system will be of great benefit to our employees, to our shippers and to the general public in the 14-state region we will serve.
"We have set a target date of October 16 for actual consummation of the unification. On that date the headquarters staffs will continue to function at their present locations. Any transfers of personnel will be-decided upon later and will be carried out in an orderly fashion over a period of time."
Nickel Plate's Board of Directors accepted the ICC's conditions for the merger on September 15 and the Norfolk & Western's directors took similar action on September 22. On the same date the N. & W. board accepted the resignations of three directors associated with the Pennsylvania Railroad.
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