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 100
Page 11
... tion of Railway Executives and I am attached to the office of the general counsel here in Washington . The CHAIRMAN . You may proceed , Doctor . Doctor DUNCAN . If I might request it , Mr. Chairman , if it is agreeable to you and to the ...
... tion of Railway Executives and I am attached to the office of the general counsel here in Washington . The CHAIRMAN . You may proceed , Doctor . Doctor DUNCAN . If I might request it , Mr. Chairman , if it is agreeable to you and to the ...
Page 12
... tion , it is my purpose to give brief consideration to certain economic aspects of the consolidation question which may serve as the general background for more specific and detailed discussion by other wit- nesses on the legal and ...
... tion , it is my purpose to give brief consideration to certain economic aspects of the consolidation question which may serve as the general background for more specific and detailed discussion by other wit- nesses on the legal and ...
Page 13
... tion covering the entire country . The report to which I have referred here is the report made by Professor Ripley to the commission in 1921 . Mr. BURTNESS . Did the commission make that its own report ? Doctor DUNCAN . I am going to ...
... tion covering the entire country . The report to which I have referred here is the report made by Professor Ripley to the commission in 1921 . Mr. BURTNESS . Did the commission make that its own report ? Doctor DUNCAN . I am going to ...
Page 15
... tion of the railways into not less than 20 nor more than 35 systems ; not regional or zone systems but systems that will preserve substantially existing channels of commerce and full competition in service . In the grouping of the ...
... tion of the railways into not less than 20 nor more than 35 systems ; not regional or zone systems but systems that will preserve substantially existing channels of commerce and full competition in service . In the grouping of the ...
Page 23
... tion and affords in the recapture clause an incentive or impetus to the movement . 7. The Federal law , however , as it now stands , sets up an arti- ficial and necessarily impractical provision for the consolidation of the carriers . I ...
... tion and affords in the recapture clause an incentive or impetus to the movement . 7. The Federal law , however , as it now stands , sets up an arti- ficial and necessarily impractical provision for the consolidation of the carriers . I ...
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.