 The Interstate Commerce Commission (ICC) approved the $7.9 million ($ in dollars) purchase on November 16.This left only the Nypano (the C&MV's lease-holder) and the C&MV's bondholders as the only obstacle to the Erie's complete ownership of the Cleveland and Mahoning Valley Railroad.In 1941, the Erie sought approval from the ICC to sell $18 million ($ in dollars) in bonds.