[Federal Register Volume 60, Number 130 (Friday, July 7, 1995)]
[Notices]
[Pages 35423-35424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-16782]



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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32306]


Wertheim Schroder & Co., Incorporated, and Gateway Western 
Railway Company--Continuance in Control Exemption--Gateway Eastern 
Railway Company

AGENCY: Interstate Commerce Commission.

ACTION: Notice of exemption.

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SUMMARY: Under 49 U.S.C. 10505, the Commission exempts from the prior 
approval requirements of 49 U.S.C. 11343-11345 the assumption of direct 
control of Gateway Eastern Railway Company (Gateway Eastern) by 
petitioners Gateway Western Railway Company (Gateway Western), Gateway 
Management Partners, L.P. (Partners), McCarren Corporation, and J. 
Reilly McCarren, upon dissolution of the current independent voting 
trust.1 The control is subject to standard labor protective 
conditions.

    \1\ Gateway Western, a connecting class II carrier, is Gateway 
Eastern's corporate parent. When the exemption petition was 
originally filed, Wertheim Schroder & Co., Inc. (WSI), was the 
noncarrier parent of both Gateway Western and Gateway Eastern. 
Gateway Western is now owned by Partners, of which McCarren 
Corporation is the sole general partner and WSI is one of several 
non-voting limited partners. Mr. McCarren, Gateway Western's 
president, is the sole shareholder of McCarren Corporation. Thus, 
Partners, McCarren Corporation, and Mr. McCarren are substituted as 
parties for WSI.
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DATES: The exemption is effective on July 27, 1995. Petitions to stay 
must be filed by July 17, 1995, and petitions to reopen must be filed 
by July 27, 1995.

ADDRESSES: Send pleadings, referring to Finance Docket No. 32306, to: 
(1) Office of the Secretary, Case Control Branch, Interstate Commerce 
Commission, 1201 Constitution Avenue NW., Washington, 

[[Page 35424]]
DC 20423; and (2) petitioners' representative, Thomas J. Litwiler, 
Oppenheimer Wolff & Donnelly, Two Prudential Plaza, 45th Floor, 180 
North Stetson Ave., Chicago, IL 60601.

FOR FURTHER INFORMATION CONTACT: Beryl Gordon, (202) 927-5610. [TDD for 
the hearing impaired: (202) 927-5721.]

SUPPLEMENTARY INFORMATION: Additional information is contained in the 
Commission's decision. To purchase a copy of the full decision, write 
to, call, or pick up in person from: Dynamic Concepts, Inc., Interstate 
Commerce Commission Building, 1201 Constitution Avenue, N.W., Room 
2229, Washington, DC 20423. Telephone: (202) 289-4357/4359. [Assistance 
for the hearing impaired is available through TDD services at (202) 
927-5721.]

    Decided: June 21, 1995.

    By the Commission, Chairman Morgan, Vice Chairman Owen, and 
Commissioners Simmons and McDonald.
Vernon A. Williams,
Secretary.
[FR Doc. 95-16782 Filed 7-6-95; 8:45 am]
BILLING CODE 7035-01-P