Railroad Consolidation: Hearings Before the Committee on Interstate and Foreign Commerce, House of Representatives, Sixty-ninth Congress, First Session, on H.R. 11212, a Bill to Promote the Unification of Carriers Engaged in Interstate Commerce, and for Other Purposes. May 24, 25, 26, 27, June 3, 4, 8, 9, 10, 11, 15, 17, and 18, 1926 |
From inside the book
Results 1-5 of 96
Page 20
... Federal Government over railroad operation . During the depression of the nineties railroad consolidation was checked , but with the return of prosperity at the end of that decade a new phase and a new impetus arose . We all point to a ...
... Federal Government over railroad operation . During the depression of the nineties railroad consolidation was checked , but with the return of prosperity at the end of that decade a new phase and a new impetus arose . We all point to a ...
Page 21
... Federal law indorses the principles of consolidation between carriers , with proper safeguards . There are about 1,959 operating lessor and industrial railroad com- panies in the country . About 500 of these are either industrial ...
... Federal law indorses the principles of consolidation between carriers , with proper safeguards . There are about 1,959 operating lessor and industrial railroad com- panies in the country . About 500 of these are either industrial ...
Page 23
... Federal and State , there exists an inconsistency or conflict . The laws in certain States now stand in the way of further progress in consolidation . The Federal law , on the other hand , not only permits , under certain conditions ...
... Federal and State , there exists an inconsistency or conflict . The laws in certain States now stand in the way of further progress in consolidation . The Federal law , on the other hand , not only permits , under certain conditions ...
Page 74
... Federal incorporation . Personally , I would prefer Federal incorporation so as to have all interstate carriers with exactly the same powers . But the result , so far as the policy with respect to consolidation and unification of ...
... Federal incorporation . Personally , I would prefer Federal incorporation so as to have all interstate carriers with exactly the same powers . But the result , so far as the policy with respect to consolidation and unification of ...
Page 81
... Federal law of that kind . Mr. LOVETT . Mr. Thom says that there is not such provision , but I was under the impression that in some recent legislation by Congress , there was a provision that authorized consolidation of competing lines ...
... Federal law of that kind . Mr. LOVETT . Mr. Thom says that there is not such provision , but I was under the impression that in some recent legislation by Congress , there was a provision that authorized consolidation of competing lines ...
Common terms and phrases
acquire control adequate approved Association authorized to acquire bill BURTNESS CAIN capital stock carriers cent CHAIRMAN Chamber of Commerce charter Chicago commerce clause committee common carriers competition condemnation Congress Constitution corporation cost district Doctor DUNCAN earnings economy effect efficient existing fair return favor Federal franchises freight GARBER going Government HALL HOCH holders HUDDLESTON interstate commerce act Interstate Commerce Commission jury Lake Erie lease legislation less than carload LOVETT matter merce NEWTON OLDHAM operation ownership paragraph Pennsylvania Railroad present law proposed proposition provisions public interest purchase question rail Railroad Co railroad consolidation railroad systems Railway rates reason recapture regulation securities SHALLENBERGER shippers short-line railroads Southern stockholders strong lines strong roads Supreme Court terminal Texas THOM tion traffic transportation act unification United valuation vote waterways weak lines weak roads Western York Central
Popular passages
Page 393 - But we think the sound construction of the Constitution must allow to the national legislature that discretion, with respect to the means by which the powers it confers are to be carried into execution, which will enable that body to perform the high duties assigned to it, in the manner most beneficial to the people.
Page 353 - In so prescribing and determining the divisions of joint rates, fares and charges, the commission shall give due consideration, among other things, to the efficiency with which the carriers concerned are operated, the amount of revenue required to pay their respective operating expenses, taxes, and a fair return on their railway property held for and used in the service of transportation...
Page 482 - Subject to the foregoing requirements, the several systems shall be so arranged that the cost of transportation as between competitive systems and as related to the values of the properties through which the service is rendered shall be the same, so far as practicable...
Page 4 - An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes...
Page 15 - In the division of such railways into such systems under such plan, competition shall be preserved as fully as possible and wherever practicable the existing routes and channels of trade and commerce shall be maintained.
Page 453 - Act shall undertake the extension of its line of railroad, or the construction of a new line of railroad, or shall acquire or operate any line of railroad, or extension thereof, or shall engage in transportation under this Act over or by means of such additional or extended line of railroad...
Page 240 - 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 6 - Such certificate must be published once a week for four successive weeks, in a newspaper published in the county, if there be one, and if there be none in such county, then in a newspaper in an adjoining county.
Page 96 - It shall be lawful for two or more carriers by railroad, subject to this Act, to consolidate their properties or any part thereof, into one corporation for the ownership, management, and operation of the properties theretofore in separate ownership, management, and operation...
Page 188 - ... is not entitled as of constitutional right to more than a fair net operating income upon the value of its properties which are being devoted to transportation. By investment in a business dedicated to the public service the owner must recognize that, as compared with investment in private business, he can not expect either high or speculative dividends, but that his obligation limits him to only fair or reasonable profit.