Salt Lake Telegram | 1925-10-14 | Page 13 | K. C. Southern Buys Interest in Cotton Belt

K KO e O. O SOUTHERN BUYS INTEREST IN OO COTTON TON BELT s I NEW V E YORK FORK Oct 14 AP The AP-The The The I Chicago Rock Island Pacific ic railway railway railway rail rail- way has sold its holdings of or the St St. Southwestern Louis-Southwestern Cotton I Belt to the Kansas City Southern Charles Ha HaJ Hayden den chairman of of the Rock Hock Island board announced this afternoon This action closely followed the cancellation by Co of a a year three 4 41 2 2 1 p per r cent note issue of the Rock Island proceeds proceeds proceeds pro pro- I of which were to have been used for the purchase of a controlling controlling controlling control control- I ling interest in the Cotton Belt railroad because of the failure of ot I Ithe the interstate commerce commerce- commission to approve the lease I The Rock Rock Island Island early this yea year year- had arranged for the purchase of of the Gould holdings In the Cotton Belt the last of of- the called so-called Gould Gould I 1 roads The notes note secured by the tha pledge of par value of the preferred stock of ot the Cott Cotton m Belt were sold to the public July IS subject to the approval of the commission I