Sorriest Class I railroad in the U. S. is Minneapolis & St. Louis ("The Peoria Gateway"). It has been in receivership for twelve years, owes accumulated interest equal to one-fourth of its assets, which are largely nominal, and is still indebted to the Government for loans from the Wartime Director General of Railroads. In desperation RF Chairman Jesse Jones proposed to partition M. & St. L. among eight more solvent neighbors (TIME, Oct. 29). Last week after a year of dickering, the eight systems petitioned the Interstate...
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