Supplement to Railroad Rate Structure Survey. Hearings ... on H.J. Res 141 ... Apr. 12, 14, 1924

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Page 5 - ... so that carriers as a whole (or as a whole in each of such rate groups or territories as the 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 nearly as may be, to a fair return upon the aggregate value of the railway properly of such carriers held for and used in the service of transportation...
Page 2 - That the Interstate Commerce Commission is authorized and directed to make a thorough investigation of the rate structure of common carriers subject to the interstate commerce act, in order to determine to what extent and in what manner existing rates and charges may be unjust, unreasonable, unjustly discriminatory, or unduly preferential, thereby imposing undue burdens, or giving undue. advantage as between the various localities and parts of the country, the various classes of traffic, and the...
Page 5 - ... reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, 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, provided that the Commission shall have reasonable latitude to modify or adjust any particular rate which it may find to be unjust or unreasonable, and to prescribe different rates for different sections of...
Page 3 - In making any such change, adjustment, or redistribution the commission shall give due regard, among other factors, to the general and comparative levels in market value of the various classes and kinds of commodities as indicated over a reasonable period of years, to a natural and proper development of the country as a whole, and to the maintenance of an adequate system of transportation.
Page 2 - The two main areas from which people were departing — (1) the states south of the Ohio and Potomac and...
Page 34 - The action here taken represents the fullest possible response to all the mandates of the law affecting, among other things, the important subjects of levels and relations of rates, the natural and proper development of the country as a whole, and the maintenance of an adequate system of transportation.
Page 47 - Monday morning. (Whereupon, at 12 o'clock noon, the committee adjourned until 10.30 o'clock am Monday, February 16* 1920.) COMMITTEE ON MINES AND MINING, HOUSE OF REPRESENTATIVES, Monday, February 16, 1920.
Page 34 - ... give due regard to the general and comparative levels in market value * * * as indicated over a reasonable period of years" as required by the Hoch-Smith resolution.
Page 16 - ... Senator HUGHES. You have been in the room during the testimony this morning? Mr. BABIONE. Yes. Senator HUGHES. You have heard testimony that certain of your suppliers are not in compliance with the law. Mr. BABIONE. Yes, sir. Senator HUGHES. Would you make it your responsibility, then, to ferret out and determine whether they are or are not in compliance with the law, or contact the agency responsible for it and ask them to make that investigation for you. That is your responsibility? Mr. BABIONE....
Page 1 - Then they can educate the board on how much it will cost — and how much time it will take — to fill the gaps.

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