The St. Paul

The Interstate Commerce Commission, pricked on by cries of distress, served notice: "It is ordered that a proceeding of inquiry and investigation upon the Commission's own motion be, and it is hereby instituted into and concerning the history, management, financial and other operations, accounts and practices of the Chicago, Milwaukee & St. Paul Railway Co., in order to determine the manner and method in which the business of said company has been conducted, with a view to the making of a report and such order or orders as may be appropriate upon the record."

When the St. Paul went bankrupt two months ago (TIME, Mar. 30), many causes were suggested. It is unlikely that the I. C. C. or any other bureau or bureau of bureaus will alter the number of cents on the dollar which bond and stockholders will receive.