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Show RAIL SYSTEM REPAID FOR FEDERAL CONTROL USE CHICAGO, Oct 12. The Chicago. Milwaukee & St. Paul railroad has been paid a sum, understood to be' $30,000,000, In full compromise settlement settle-ment with the United States railroad administration for the penOf it was Operated under federal control it Is the first of the major lines to reach such settlement. The railroad paid off $11, "00. 000 of its paper held by the War finance corporation, and will liquidate $4,000.- 000 of Its indebtedness held by New York banks, loans made necessary by the withholding of federal compensation. compensa-tion. The settlement was ".satisfactory." according to H. E. Byram, president of the road. |