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Show 'sets ITS FOOT DOWN ON REORGANIZATION Kansas Utilities Commission Disapproves Disap-proves Plan of Railway Company as Contemplated. TOPEKA, Kan.. Nov. 23. Reorganization Reorganiza-tion of the Kansas City, Mexico & Orient Railway company, based on the issuance of $71,000,000 worth of securities, will not be permitted by the Kansas public utilities utili-ties commission, it was announced today. to-day. The road will be allowed, however, 1 to file a supplemental petition, pending which the commission will hold a formal order on the original application In abeyance. abey-ance. Judge K. F. Foley said, on behalf of the commission, that the properties of the road are not sufficiently valuable to warrant war-rant the approval of the issuance of the securities asked. Even when proposed improvements are completed the total investment in-vestment of tho road will approximate enly $36,000,000, he said. |