Business & Finance: Forceful Ruling

Not even Balthasar Henry Meyer, who has sat with the I. C. C. longer than any other member, could recall a ruling similar to one the I. C. C. made last week. The ruling affected not a mighty railroad system but the 23-mi. Fredericksburg & Northern in Texas, the 65-lb. rails of which have been worn and bent by passing trains since 1889. Yet it was important as a precedent.

Gulf & West Texas Railway, controlled by Southern Pacific, is linking San Angelo and San Antonio. Vital to the project is the Fredericksburg & Northern....

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