Business & Finance: Loree Merger Quashed

The Interstate Commerce Commission last week rejected Leonor Fresnel Loree's proposal to create the Kansas City Southern System in the southwestern states, by having the Kansas City Southern Railway buy up the Missouri-Kansas-Texas (the "Katie") and the St. Louis Southwestern (the "Cotton Belt").

The K. C. Southern runs due south from Kansas City, Mo., through Pittsburg, Kan., Joplin, Mo., Fort Smith, Ark., Shreveport, La., to Port Arthur, Tex.,* on the Gulf of Mexico. It carries grain, livestock, minerals, cotton, oil.

The "Katie" runs from St. Louis to Kansas City, Mo., then due south, parallel...

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