In the heyday of absolutism a favorite sport of the Great Powers was partitioning Poland. Last week RFC Chairman Jesse Jones, who is something of a Great Power in U. S. business, proposed to partition a Class I railroad with 1,600 mi. of track and $100,000,000 of assets, good & bad.
Minneapolis & St. Louis, operating west and south from Minneapolis but not to St. Louis, has been in receivership for eleven years. All its mortgage bonds are in default including $2,000,000 worth held by the U. S. Government—not acquired by Mr. Jones's RFC...
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