Clipped From The Jackson Sun

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 - IC Is Expected To Make Offer NASHVILLE (AP) The...
IC Is Expected To Make Offer NASHVILLE (AP) The Illinois Central Railroad is expected to make another offer for the entire line of the bankrupt Tennessee Central Railway Tuesday. An IC spokesman said over the weekend that the offer would be presented to U.S. Dist. Court Judge William E. Miller here. The Louisville & Nashville Railroad had been the only bidder for the entire TC line until the IC made a last minute bid two weeks ago. Officials of the Illinois Central now say they expect to make "every effort" to make an acceptable offer. The statement came after IC representatives visited Tennessee last week to examine TC property and equipment. Judge Miller ordered Trustee A. Battle Rodes to negotiate with the IC when he said failure to resolve some labor issues made it unlikely then L&N deal would be concluded. of if of

Clipped from
  1. The Jackson Sun,
  2. 12 Aug 1968, Mon,
  3. Page 3

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