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Show RECEIVER APPOINTED. The Missouri, Kansas & Texas railroad, rail-road, popularly known as the Katy" 83"stem, has gone into the hands o a receiver. The suits were friendly and the president of the road was appointed to take charge of the property by the United States judge before whom the actions were brought. There is no surprise sur-prise over the announcement, for it was generally known that the company was heavily involved and that a receivership receiver-ship was inevitable in order to prevent a complete wreck. It begins to look as though al of the "weak sisters" in the railroad world will have to undergo reorganization before they will be able to keep their beads above wafer. It has also become evident that speculation specula-tion in railroad securities in Wall street and the operation of the roads are two separate and distinct propositions, and that they cannot be joiued without inviting in-viting disaster. |