Business & Finance: Loree Rebuffed

The Interstate Commerce Commission rebuffed Leonor Fresnel Loree last week. Among his many railroad activities has been his attempted merging of the Kansas City Southern, the Missouri-Kansas-Texas (Katy) and St. Louis Southwestern ("Cotton Belt") railroads.

For a time and by making no objections the I. C. C. seemed to approve his southwestern unification plans. In 1925 they approved his being a director of both the K. C. Southern and Katy. He owned large blocks of stock in both roads (as did his bankers Kuhn, Loeb & Co.). He acted as chairman of both roads....