Mr. Haverty: The Kansas City Southern Railway was founded in 1887 by a gentleman named Arthur Stilwell. While other railroads were building to the West Coast, he decided to build a railroad from Kansas City down to the Gulf Coast to handle primarily agricultural products to the Gulf for further movement for export. So Kansas City Southern has always been kind of a company that has gone against the grain for over 100 years. Back in the 1960s, the company began to look at ways to diversify and to get into other growth opportunities, because the railroad business was pretty unstable and the future uncertain at that time. So it began to invest in some mutual fund opportunities. It got into other investments, including investments in pipelines and pharmaceuticals, among others. Since the 1960s, KCS has been involved in the mutual fund industry. Also, as a result of the investments in the mutual funds, we began to use railroad personnel, who had been managing the railroad's computer systems, to start up a company that today is called DST Systems, to handle mutual fund transactions. So we had mutual funds, we had a mutual fund transaction computer company, and we had the railroads. Then in 1982, Kansas City Southern purchased Janus Capital, which today is one of the most highly successful mutual fund families in the country. In 1995, KCS undertook an initial public offering of DST. We continue to own about 32% of DST. Its market cap today is about $6 billion, and it handles about 50% of all the mutual fund transactions in the United States. The railroad, which was a regional railroad running primarily from Kansas City to the Gulf, as it did for 100 years, has now invested in and expanded to Mexico, so we now have a railroad system that runs from Kansas City to Mexico City, and from Meridian, Mississippi to Dallas, Texas.
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