Evening Republican, Volume 21, Number 104, Rensselaer, Jasper County, 10 May 1918 — FOUR EXPRESS COMPANIES MERGED TILL WAR ENDS [ARTICLE]

FOUR EXPRESS COMPANIES MERGED TILL WAR ENDS

Washington, May 9.—A merger of the Wells-Fargo, United States, American and Adams express companies, with a capitalization of $35,000,000, is to be sanctioned by the railroad administration for the period of war. The agreement gives the national railroad 50 per cent of the gross earnings and a share in the excess profits. Terms will be fixed on a sliding scale, so that the net revenue will be at least 5 per cent.