Rensselaer Semi-Weekly Republican, Volume 40, Number 25, Rensselaer, Jasper County, 3 December 1907 — Express Companies’ Agreement. [ARTICLE]

Express Companies’ Agreement.

Before the York State Public Service Commission a representative of the United States Express Company admitted that his company, together with the Adams and American express companies, had formed and maintained a “community of interests,” without which their stocks would be worth less because the companies concerned would be at the mercy of the railroads. The hearing was brought by certain shareholders of die United States Express Company, who want to get the laws amended so that the directors in such common carriers may not be selfperpetuating, as is now the case. The complainants say that the United States is virtually controlled by its presumed rivals, neither of which has held a meeting to elect directors for years. Two directors were shown to be officially connected with the Adams and American, contrary to the articles of association.