Evening Republican, Volume 21, Number 126, Rensselaer, Jasper County, 5 June 1918 — LEADING EXPRESS COMPANIES CONSOLIDATE [ARTICLE]

LEADING EXPRESS COMPANIES CONSOLIDATE

Further information was received this morning by F. W. Tobias, local manager of the American Express company, in regard to the consolidation of the express organizations under the guidance of Director General McAdoo. The new company, says Mr. Tobias, will be capitalized at $30,000,000, the actual value of the physical properties and cash put into the business. Instead of having numerous contracts with individual railroads for various amounts, there will be but one blanket contract with the entire government controlled railroads. By this contract, the American Railroad Express Company will collect, insure, guard and deliver express shipments, as in the past, and thegovernment railroads will haul them. The rates charged for express transportation will continue to be under government control.