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 73
Page 2
... involved therein , in such detail as the commission may require . " NOTICE AND HEARING " SEC . 206. ( 1 ) The commission shall give reasonable notice of the time and place for a public hearing to each of the carriers filing , or joining ...
... involved therein , in such detail as the commission may require . " NOTICE AND HEARING " SEC . 206. ( 1 ) The commission shall give reasonable notice of the time and place for a public hearing to each of the carriers filing , or joining ...
Page 3
... involved ; and in order that the policy declared in section 202 of this title may be carried out , the commis- sion is directed to make and have available for its use , a study of the short and weak carriers . CONSENT OF CARRIERS " SEC ...
... involved ; and in order that the policy declared in section 202 of this title may be carried out , the commis- sion is directed to make and have available for its use , a study of the short and weak carriers . CONSENT OF CARRIERS " SEC ...
Page 17
... involved in the question of consolidation is finance . The second proposition is that no statutory bars should be permitted to prevent the railroads from seeking , through the consolidation of their properties under proper regulation ...
... involved in the question of consolidation is finance . The second proposition is that no statutory bars should be permitted to prevent the railroads from seeking , through the consolidation of their properties under proper regulation ...
Page 19
... involved not less than seven bodily transfers from one car to another . These are the facts and conditions which led Congress to enact , in 1866 , a law which stipulated that— every railroad company of the United States * to carry ...
... involved not less than seven bodily transfers from one car to another . These are the facts and conditions which led Congress to enact , in 1866 , a law which stipulated that— every railroad company of the United States * to carry ...
Page 20
... involved in fre- quent transfers , that is , the advantage of large scale transportation service . With the rise of great systems , competition and rivalry naturally increased and there came the period of freight rate wars , with re ...
... involved in fre- quent transfers , that is , the advantage of large scale transportation service . With the rise of great systems , competition and rivalry naturally increased and there came the period of freight rate wars , with re ...
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.