Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-03-04
TRAIL MERGER VALUE
PUT AT 9 BILLIONS
Valuation of Properties Is
introduced at Hearing
Before |. c. c.
BY the Associated Press.

BY the Associated Press.
A valuation of more than $4,000
O0O. 900 on the railroads included in the
proposed four system Eastern CONSOLE
dation plan was introduced today at an
Interstate Commerce Commission hear
ing on the merger, as prepared by
Irving L. Koch, statistical expert for
the commission.
Koch testified the figure represented
the primary value of the roads brought
down to December 81, 1880, on the
basis of the annual reports to the COM
mission.
The four proposed systems include the
New York Central. the Pennsylvania,
the Baltimore & Ohio and the Chesa-
peake 81 Ohio. Hearings on their petit
ton to consolidate almost all the East
ern lines have been going on for some
time
Exclusive Of roads which are jointly
assigned to two or more systems, the
value of the lines included in the New
York Central system was placed at
$2,5O2, 1882: the Pennsylvania system.
S3,143,084 ,636; the Baltimore & Ohio.
81 ,639, 049,24 and the Chesapeake &
Ohio $l,58l, 791 ,290.
In the roads assigned to the New
York Central system under the pro-
posed consolidation, the New York
Central Railroad was valued at 81 1871
677.863; the Fulton Chain Railroad
$58,095: the Raquette Lake, S368l29;
the Chicago River & Indiana, S35,-
l59, 1874: Louisville & jefferson Bridge
and Railroad Co.. $4,927 1853; Muncie
Belt Railway, $45, 303 Federal Valley
Railways, $685. Pittsburgh & Lake
Erie, Sl23,751 ,351; Lake Erie g. East
DoIo 0tra
& Western, 5000. 1877 ,693; Harlem Trans
fer Co., $l,17l,372; New York, Ontario
& Western, $43 945, 298 Ulster g. Della
ware. s6.150,651.
The Pennsylvania System-Pennsyl-
vania Railroad. $3.50, 756,836; Long
Island, $139, 74l, 1902; Baltimore g. East
ern, $883,753; Pennsylvania g. Atlantic,
81, 893,849; Philadelphia & Beach
Haven. 1858 .603; Rosslyn Connecting
Railroad, $4o7, 965; Waynesburg &
Washington, $737.82s; western Ale
gheny, $2,139,l69; Philadelphia & Cam
den Ferry Co, s2,605,6 GA Toledo
Peoria & Western S7568 669 Norfolk &
Western, S388,745 086; Wabash, $751;
324,649; New Jersey, Indiana & Illinois,
l,764 .99l; Detroit & Western, $44,686;
Detroit, Toledo &, Ironton, s34,206,105
Baltimore and Ohio System-Balti
more g. Ohio Railroad, S773,187 ,007;
Baltimore g. Ohio Chicago Terminal,
$50, OTIS $40; Dayton a. Union, $780, 1874;
Staten Island Rapid Transit, $l9,67l,-
80; Reading Co.. 1927, 806, 300; Atlantic
City Railroad, Sl4,711,557; Central of
New Jersey, $173,372 .899; Lehigh 81
Hudson River, $5,065, ABS; Western
Maryland, 500 200, 3ST; Ann Arbor ST.
2lO,235; Manistique e. Lake Superior,
S674,404; Buffalo, Rochester g. Pitts
burgh, $64,42l, 479; Buffalo g. Susque-
hanna, S8.789.227; Chicago g. Alton,
S88,988417; Chicago, Indianapolis &
Louisville, SAL ,O88,835
Chesapeake e. Ohio-Nickel Plate
System. Chesapeake e. Ohio Railway.
s430 POI 1896; Covington & Cincinnati
Elevated, $8,598,287; Pere Marquette,
$124 750,736; Flint Belt, $1,306,858;
New York, Chicago & st. Louis. $158,-
1892; Erie Railroad. $685., 735, 1862:
Chicago & Erie, $29, 376,O81; New York,
Susquehanna & Western, $l4,288,016;
Wilkes-Barre g. Eastern, $3,572. 438;
Bath & HammondSport, $119,516; Lee
high Valley, $3.50 ,439; Bessemer &
Lake Erie, S51 ,466 1852: Chicago &
Eastern Illinois, S6l .l76, lao: Chicago
Heights Terminal Transportation, ST.
l68,738; Wheeling & Lake Erie, $780,
557,023; Lorain & West Virginia,
$685., TAO; Pittsburgh & West Virginia
$45. 468, 744; Pittsburgh & Sflawmut.
$1o.249, 1854; Pittsburgh, Shawmut &
Northern, $6102,917; Detroit & Mack
mac, $7,069, 1903; Manistee & North
western, Sl,6l0,039.