New-York tribune., 1914-12-23
LAKE SHORE AND
N. NOW MERGED
Consolidation Said to Gre
ate Largest Railroad
system in World.
MORE THAN 100000
INCORPORATION FEES
Hard Fought Combination In
wolves O,OOO-Offices
May Come Here.

Cleveland. Dec. 22.-Consolidstion OF
the Lake Shore with the New ON
Central was effected here to-day az d
roeetirg of Lake Shore stockholders >
when they ratified action taken Dy, New
work Central stockholders on July ~
lat The merger involves S3OO'OOO,OOU
Practically all Of the stockholders
,oted by proxv. Clarence ii. Nenner'
/ of Roston. holder Of five shares OF Lake
shore stock. opposed the consolidation
in bebalf of himself and Several other
stockholders ... %
II was announced that a meeting, OF
I+be directors would be held Wlthlh
tbirtv dsvs after the usual legal no
/ tice" of the merger had been given. g..
II * said that the merger Will result
IN the removal Of the genetal oihcea OF
tbc Lake Shore from Cleveland 10
either New York or Chicago. mere
are 300 employees in the offices mere
and II was stated that MANY Oh these
probablv will be transferred TO the ne"
The first department of the general
offices TO be moved, 10 Is SAID, VIII pe
the auditing department, The entire
/ transfer Of the offices viii occupy sew
eral months. .,,,d 81,
rordinr action Of the board OF dlrec-
! tors N is generally believed here that
II smith. now president Of botf
10 Lake Shore and New York Central
cor,nanics will be elected president oi
the newly formed system. Officials OF
tho road claim that as result OF IN,
merger to-day the New York Centra
is the largest railroad system IN th'
world.
1odisnapolis. Dec. Articles ot
consolidation Of the New York Cen
fTal & Hudson River Railroad Com
many The Lake Shore & Michigan
! Southern Railroad Company and th'
Chicago. Indiana & Southern Railroad
Compapv were filed with the Secretary
/ of State here this afternoon. The con
. solidated roads are TO be known as th'
. New York Central Railway Company
( which will have capital stock o
5000 10000 A fee of S300,OOO wa
paid 10 the state when the articles
] we're filed. This is the largest lneor
! poration fee, IL is said, ever PAID lnt'
the State of Indiana.
In addition 20 the record fee paid t'
the Utilities Commission an addltlona
fee of $500. 900 10 wes paid under pro
test TO the Secretary OF State, who hel'
that the consolidation was IN effect tn
formation of new corporation ant
/ subject to the usual fee in such cases:
In addition to the three roads named
/ the consolidation papers contain th'
names of a number OF railroads sub
sidiary TO and operated by the three
systems.
Springfield. H., Dec. pa fee o.
'S3l9. $50 4S. establishing a new record
/ was paid the state to-day IN connec
I tion with the consolidation Of the Lake
. Shore & Michigan Southern and th'
. Chicago e. Indiana Southern railroad
with the New York Central Railroad:
The Lake Shore comprises l,Sl2 miles
Of road. extending from Buffalo I
Chicago with branches TO Detroit
Grand Rapids, Fort Wayne, Oil City
and other cities.
The entire capital Of the Lake Erie
Alliance & Wheeling Railroad Com
many. the Lake Erie, Alliance & Wheel
ing Coal Company. the Toledo & Ohi'
Central Railroad and the Chicago. lndi
ana & Southern is said TO be owned by
i the Lake Shore road.
The Lake Shore is said to retail
control OF a majority of the Big Foui
capital stock.
/ The Lake Shore late yesterday filed I
/ deed Of record here 90 the Contra
I Trust Company and G. +. Littleton
/ trustee. of New York. securing an issue
of 500 COO 900 twenty-five year 4 PEI
cent gold bonds, covering all equip
ment. real estate, etc. II is dated July
l. 1914