Amending Section 10 of Clayton Act: Hearing...on S. 4576 |
From inside the book
Results 1-5 of 18
Page 6
... referred to in line 23 of page 3 of this proposed bill . You will observe that in line 22 and following it is stated : nor shall it deprive a carrier of the right to exercise an honest business discretion in determining which bid ...
... referred to in line 23 of page 3 of this proposed bill . You will observe that in line 22 and following it is stated : nor shall it deprive a carrier of the right to exercise an honest business discretion in determining which bid ...
Page 9
... referred to in lines 22 to 25 on page 3 and 1 to 8 on page 4 . The CHAIRMAN . You do not say what you are going to eliminate . Senator KELLOGG . Eliminate what is that ? Commissioner MEYER . With the elimination of the language con ...
... referred to in lines 22 to 25 on page 3 and 1 to 8 on page 4 . The CHAIRMAN . You do not say what you are going to eliminate . Senator KELLOGG . Eliminate what is that ? Commissioner MEYER . With the elimination of the language con ...
Page 15
... referred to here , underlying the transportation act , and read carefully the provisions of section 10 of the Clayton Act , we find that the two are not in harmony . The transportation act contemplates not only a cement- ing of the ...
... referred to here , underlying the transportation act , and read carefully the provisions of section 10 of the Clayton Act , we find that the two are not in harmony . The transportation act contemplates not only a cement- ing of the ...
Page 16
... referred to , beginning at line 22 , page 3 , is such that it is simply a repeal of the rest of the bill and nullifies its good effects . I do not think I care to take up the time of the committee sug- gesting anything more at this time ...
... referred to , beginning at line 22 , page 3 , is such that it is simply a repeal of the rest of the bill and nullifies its good effects . I do not think I care to take up the time of the committee sug- gesting anything more at this time ...
Page 23
... referred to their counsel . Their counsel had made a report and all that was in their files , but the commission , having an amount of work which never has been paralleled within a public body in this country , in putting the ...
... referred to their counsel . Their counsel had made a report and all that was in their files , but the commission , having an amount of work which never has been paralleled within a public body in this country , in putting the ...
Common terms and phrases
amendment apply Atchison Baldwin Locomotive bidder bill BLEDSOE BROOKHART carrier companies carrier corporation cent Chairman Clark charge Clayton Act Clayton Antitrust Act Commissioner CLARK Commissioner MEYER committee common carrier common directors competitive bidding concerns Congress contracts cooperative corporation or company cost dealings earnings effect equipment farmers increase interstate commerce act Interstate Commerce Commission labor materials matter negotiate noncarrier corporation officers operating organizations ownership pany parent company passenger Pennsylvania Railroad permitted PLUMB president principle profit prohibit properties provision Pullman car Pullman Co purchase purpose question railroad company railway reason regulations repairs roads Santa Fe section 20a securities Senator KELLOGG Senator POINDEXTER Senator SMITH Senator STANLEY shops short-line railroads SMITH of South South Carolina statement Steel subsidiary substantial interest suggested supplies Texas things Thom tion transaction transportation act understand wages words
Popular passages
Page 56 - Commission may from time to time designate) will, under honest, efficient and economical management and reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, as as nearly as may be, to a fair return upon the aggregate value of the railway property of such carriers held for and used in the service of transportation...
Page 6 - ... agent in the particular transaction, any person who is at the same time a director, manager, or purchasing or selling officer of, or who has any substantial interest in, such other corporation, firm, partnership or association unless and except such purchases shall be made from, or such dealings shall be with, the bidder whose bid is the most favorable to such common carrier, to be ascertained by competitive bidding under regulations to be prescribed by rule or otherwise by the Interstate Commerce...
Page 73 - If any common carrier shall violate this section it shall be fined not exceeding $25,000 ; and every such director, agent, manager or officer thereof who shall have knowingly voted for or directed the act constituting such violation or who shall have aided or abetted in such violation shall be deemed guilty of a misdemeanor and shall be fined not exceeding $5,000, or confined in jail not exceeding one year, or both, in the discretion of the court. SEC. 11.
Page 56 - In the exercise of its power to prescribe just and reasonable rates the Commission shall give due consideration, among other factors, to the effect of rates on the movement of traffic...
Page 3 - Any person who shall, directly or indirectly, do or attempt to do anything to prevent anyone from bidding or shall do any act to prevent free and fair competition among the bidders or those desiring to bid shall be punished as prescribed in this section in the case of an officer or director.
Page 62 - No bid shall be received unless the name and address of the bidder or the names' and addresses of the officers, directors and general managers thereof, if the bidder be a corporation, or of the members, if it be a partnership or firm, be given with the bid.
Page 3 - ... when the said common carrier shall have upon its board of directors or as its president, manager or as its purchasing or selling officer, or agent in the particular transaction, any person who is at the same time a director, manager, or purchasing or selling officer of, or who has any substantial interest in, such other corporation, firm, partnership or association...
Page 4 - Every such common carrier having any such transactions or making any such purchases shall within thirty days after making the same file with the Interstate Commerce Commission a full and detailed statement of the transaction showing the manner of the competitive bidding, who were the bidders, and the names and addresses of the directors and officers of the corporations and the members of the firm or partnership bidding...
Page 56 - In making such determination it shall give due consideration, among other things, to the transportation needs of the country and the necessity (under honest, efficient and economical management of existing transportation facilities) of enlarging such facilities in order to provide the people of the United States with adequate transportation...
Page 4 - ... or hearing, have reason to believe that the law has been violated in and about the said purchases or transactions it shall transmit all papers and documents and its own views or findings regarding the transaction to the Attorney General.