Evening star., 1914-12-22
Lake Shore and New York
Central Consolidated by
Vote of Stockholders.
$500, 900, 900 CAPITAL
INVOLVED IN PROJECT
Many Lines of Transportation Gov
cred by Deal-Court Refuses In
junction Sought by Opposition.

CLEVELAND. December 22.-Con-
solidatiou of the Lake Shore Railroad
Company with the New York Central
Railway Company was effected here to-
day at meeting of Lake Shore stock
holders when they ratified action taken
by New York Central stockholders
July 20 last. The merger involves
$500. 100000.
Practically all of the stockholders
voted by proxy.
1t was announced that a meeting of
the directors would be held within
thirty days after the usual legal no.
tice" of the merger had been given.
Opposition to the proposed merger
plans developed over a week ago. when
Clarence II. Nenner of Boston. head or
the General Investment Company OF
Maine and holder of five shares of
Lake Shore stock. asked the court in
behalf of himself and several other
stockholders" to grant an injunction
which would prevent the consolidation.
alleging that it would violate the Sher-
man antitrust law. He also asked that
Nickel Plate, Big -Four, Lake Erie.
Ohio Central and Indiana Southern on
a competitive basis.
Injunction Refused by Court.
Judge Stevens of common pleas court
yesterday refused the injunction, re-
moving what majority stockholders of
the Lake Shore say is the last barrier
to the consolidation which they plan to
effect today.
Under the plans for the merger every
share of Lake Shore stock will be
traded for five shares of stock in the
new corporation. The Lake Shore has
had long and eventful career since
it was incorporated August IA, 1859, in
Ohio. Indiana. Michigan, Illinois, Penn
sylvania and New York.
1t was a consolidation of the Buffalo
and Erie, Michigan Southern and
Northern Indiana, Cleveland, Paines-
vile and Ashtabula and the Cleveland
and Toledo railroads 1t comprises
Buffalo to Chicago, with branches to
Detroit. Grand Rapids. Fort Wayne
Oil City and other cities.
Capital Vested in Lake Shore.
The entire capital Of the Lake Erie,
Alliance and Wheeling Railroad Company.
the Lake Erie, Alliance and Wheeling
Coal Company. the Toledo and Ohio
Central railroad. and the Chicago, Indi-
ana and Southern is said to be owned by
the Lake Shore road. While the Big
Four has been operated on an independ-
ent basis since May l, 1914, the Lake
Shore is said to retain control of a ma
pority of the Big Four capital stock
Other holdings of the Lake Shore are:
Majority of the capital stock of the
Nickel Plate, Lake Erie and Western and
the Pittsburgh and Lake Erie: Jointly
with the Michigan Central, the entire
capital stock of the Battle Creek and
Sturgis railway, the Detroit, Toledo and
Milwaukee railroad and the majority Of
the Indiana Harbor Belt railroad and,
jointly with the Pittsburgh and Lake
Erie, the entire capital stock of the
Pittsburgh. Mckeesport and Youghio-
gheny Railroad Company.
In January, 1908. the Lake Shore and
Baltimore and Ohio acquired sub
stantial interest in the capital stock of
the Reading company.
Stock Valued at $50, 1872, 500.
Figures for the period ended Decem-
ber 81. 1912, show that the Lake Shore
owned Reading stock valued at $30.-
800. divided thus: s6,o65.0o0 first
preferred. $14.265,Ooo second preferred
and $10,002,50O common.
The Lake Shore late yesterday filed a
deed of record here to the Central
Trust Company and &. F. Littleton.
trustees, of New York, securing an is
sue of $100.0O0,000 twenty -five-year 4
per cent gold bonds. covering all equip
ment. real estate, etc. 1t is dated July
1, 1914 This is one of the first legal
steps taken in conjunction with the
merger.