St. Louis-San Francisco is a 5,800-mi. railroad that fans out Southwestward from St. Louis but does not reach San Francisco. About every 20 years Frisco has to be reorganized. It emerged from receivership in 1896, only to collapse in 1913. Put on its feet again in 1916, it lasted until 1932. With luck and the prodding of RFChairman Jesse Jones, Frisco may be able to maintain its schedule by completing a third reorganization in 1936.
"The difficulties of the Frisco were of; a financial and not of an operating character," the Interstate Commerce Commission reported...
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