Rival for I. C.?

The article confirms the rumor about the development of a one-system railroad route from the Great Lakes to the Gulf of Mexico in April 1945. According to Gulf, Mobile & Ohio (G.M. & O.) Railroad president I. B. Tigrett, the merger of the firm with another U.S. railroad firm Alton had been approved by Alton's bondholder committees. The merger involves the construction of the route as well as the transfer of the general mortgage income bonds of G. M. & O. amounting to 22,675,000 U.S. dollars.