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![In spotlight at Senate Railroad Inquiry. Washington, D.C., Dec. 17. J.J. Anzalone, President of the Mid-America Corp., and Comptroller for many Van Swerigan companies, was questioned today by Chairman Burton K. Wheeler at the Senate Railroad financing inquiry. Anzalone told the committee of an option agreement between the Allegheny Corp., former Van Swerigan top holding Co., and the Chesapeake and Ohio Railroad Feb. 1, 1932 under which C&O agreed to buy 382,000 shares of Erie and Nickel Plate Railroad stock for $5,062,000. Chairman Wheeler attempted to show that this deal was a violation of the Sherman [Anti]-trust law](https://cache.getarchive.net/Prod/thumb/cdn4/L3Bob3RvLzIwMTUvMTEvMjUvaW4tc3BvdGxpZ2h0LWF0LXNlbmF0ZS1yYWlscm9hZC1pbnF1aXJ5LXdhc2hpbmd0b24tZGMtZGVjLTE3LWpqLWFuemFsb25lLXByZXNpZGVudC02NDAuanBn/40/31/webp "In spotlight at Senate Railroad Inquiry. Washington, D.C., Dec. 17. J.J. Anzalone, President of the Mid-America Corp., and Comptroller for many Van Swerigan companies, was questioned today by Chairman Burton K. Wheeler at the Senate Railroad financing inquiry. Anzalone told the committee of an option agreement between the Allegheny Corp., former Van Swerigan top holding Co., and the Chesapeake and Ohio Railroad Feb. 1, 1932 under which C&O agreed to buy 382,000 shares of Erie and Nickel Plate Railroad stock for $5,062,000. Chairman Wheeler attempted to show that this deal was a violation of the Sherman [Anti]-trust law")
Chesapeake and Ohio to get control of Chicago and Eastern Illinois Railroad. Washington, D.C., May 14. Carroll M. Shanks, Chairman of the Chicago and Eastern Illinois Railroad Mortgage Bondholders Protective Committee, told the Senate Railroad Financing Committee today that the proposed reorganization plan for the C.&E.I now pending on federal courts would give the control to the Chesapeake and Ohio. The Senate Committee has been investigating the $700,000 load procured by the C.&E.I from the Midland Bank of Cleveland. Later testimony brought out at the hearing proved that the Chesapeake and Ohio actually made the loan with the bank acting as the road's agent, 5/14/1937
Summary
A black and white photo of a man sitting at a table.
Public domain portrait photograph, free to use, no copyright restrictions image - Picryl description
Tags
Date
01/01/1937
Contributors
Harris & Ewing, photographer
Location
Washington, District of Columbia, United States, 38.90719, -77.03687
Source
Library of Congress
Copyright info
No known restrictions on publication.
