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 98
Page 17
... organization which will enable them to serve the public best . Now , Mr. Chairman , I should like , for the purpose of giving some background to the statements that will be made , to review very briefly what consolidation has done for ...
... organization which will enable them to serve the public best . Now , Mr. Chairman , I should like , for the purpose of giving some background to the statements that will be made , to review very briefly what consolidation has done for ...
Page 18
... organizations . It is interesting to note that from the records of this early con- solidation of 16 small properties , there were raised practically all of the problems which concern , on a larger scale , 18 RAILROAD CONSOLIDATION.
... organizations . It is interesting to note that from the records of this early con- solidation of 16 small properties , there were raised practically all of the problems which concern , on a larger scale , 18 RAILROAD CONSOLIDATION.
Page 19
... organization of property for operation . " The writer remarks upon the changes then taking place by consolidation , merger , and reorganization . He points out that during the year 1889 , 25 companies disappeared from his records by ...
... organization of property for operation . " The writer remarks upon the changes then taking place by consolidation , merger , and reorganization . He points out that during the year 1889 , 25 companies disappeared from his records by ...
Page 22
... organized construction companies to build the rail- road . They would pass over the railroad after it was built . Those are ... organization which will bring them to the highest point of efficient operation , enable them to tap the most ...
... organized construction companies to build the rail- road . They would pass over the railroad after it was built . Those are ... organization which will bring them to the highest point of efficient operation , enable them to tap the most ...
Page 36
... organization duplicates organization , and also by a reduction in the actual need of accounting from interchange of traffic . Third . Attention has been called to the possibility , of saving in printing , where all of the printing is ...
... organization duplicates organization , and also by a reduction in the actual need of accounting from interchange of traffic . Third . Attention has been called to the possibility , of saving in printing , where all of the printing is ...
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.