Economics for Executives: A Series of Study-units and an Accompanying Service which Together Constitute an Interpretation of the Underlying Principles of Economics and Business for Men and Women in Practical Life, Part 5George Evan Roberts American Chamber of Economics, 1921 - Economics |
From inside the book
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Page 9
... which became the model for one type of regulatory legislation . A com- mission was created with power to investi- gate railroad management and to report its findings . Publicity and the power of public opinion were 9 RAILROAD REGULATION.
... which became the model for one type of regulatory legislation . A com- mission was created with power to investi- gate railroad management and to report its findings . Publicity and the power of public opinion were 9 RAILROAD REGULATION.
Page 10
... findings . Publicity and the power of public opinion were relied upon to secure obedience to its orders . In the Middle West the situation was radically different . This country had been opened up rapidly to settlement after the Civil ...
... findings . Publicity and the power of public opinion were relied upon to secure obedience to its orders . In the Middle West the situation was radically different . This country had been opened up rapidly to settlement after the Civil ...
Page 15
... findings . The Cullom Committee , which reported the bill after extended hearings throughout the country , was mainly im- pressed with the prevalence of discrimina- tion and rebating , and the Act concerned it- self almost exclusively ...
... findings . The Cullom Committee , which reported the bill after extended hearings throughout the country , was mainly im- pressed with the prevalence of discrimina- tion and rebating , and the Act concerned it- self almost exclusively ...
Page 16
... to hear complaints and make findings , but it had no power of en- forcement . It had to seek the aid of the courts , where its reports could be used as prima facie evidence of the facts found ; but until 16 ECONOMICS FOR EXECUTIVES.
... to hear complaints and make findings , but it had no power of en- forcement . It had to seek the aid of the courts , where its reports could be used as prima facie evidence of the facts found ; but until 16 ECONOMICS FOR EXECUTIVES.
Page 38
... findings of such an investigation , but there is surely a considerable advantage to the public and to the corporations in having railroad capital accounts overhauled , actual values ascertained , investment related to capi- talization ...
... findings of such an investigation , but there is surely a considerable advantage to the public and to the corporations in having railroad capital accounts overhauled , actual values ascertained , investment related to capi- talization ...
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Economics for Executives: A Series of Twenty-Four Reading Texts Which ... George E. Roberts No preview available - 2018 |
Common terms and phrases
adjustment administrative power aggregate value amount of capital authority body capital account cent from 1905 centum cerned CHAMBER OF ECONOMICS Commis Commission's compensation competition Congress controversy coöperation corporations creases created Cummins Bill decision discrimination earnings economical management efficient employees enforce its find EXECUTIVES existing facilities fair return federal government freight GEORGE E Granger Movement groups or territories guaranty hearings individual road Interstate Commerce Act Interstate Commerce Commission invested in railroad investors judicial jurisdiction legislation legislature maintenance maximum rates ment merce Commission mission operation owners ownership ployees problems of railroad public and carrier purpose rail Railroad Commission Railroad Labor Board railroad property railroad regulation rate groups rate increase reasonable regu regulation and control restoration ROBERTS AMERICAN CHAMBER secure settlement sion sonable statute study-unit Supreme Court tion traffic Transportation Act ulation uniform accounting UNIVERSITY OF MICHIGAN unreasonable valuation vate wages weak
Popular passages
Page 30 - 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 31 - In making such determination it shall give due consideration, among •other things, to the transportation needs of the country and the neces•sity (under nonest. efficient and economical management of existing transportation facilities) of enlarging such facilities in order to provide the People of the United States with adequate transportation...
Page 31 - That during the two years beginning March 1, 1920, the Commission shall take as such fair return a sum equal to 5% per centum of such aggregate value, but may, in its discretion, add thereto a sum not exceeding one-half of one per centum of such aggregate value to make provision in whole or in part for improvements, betterments or equipment, which, according to the accounting system prescribed by the Commission, are chargeable to capital account.
Page 30 - 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 31 - ... designated by the Commission. In making such determination it shall give due consideration, among other things, to the transportation needs of the country and the necessity (under honest, efficient and economical management of existing transportation facilities) of enlarging such facilities in order to provide the people of the United States with adequate transportation: Provided, That during the two years beginning March 1, 1920, the Commission shall take as such fair return a sum equal to $y2...
Page 41 - ... 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, so that these systems can employ uniform rates in the movement of competitive traffic and under efficient management earn substantially the same rate of return upon the value of their respective railway properties.
Page 30 - Provided, That the commission shall have reasonable latitude to modify or adjust any particular rate which it may find to be unjust and unreasonable, and to prescribe different rates for different sections of the country.
Page 40 - Act, 1920, contemplated the consolidation of the railroads of the continental United States into a "limited number of systems," and directed the Commission to prepare a plan for such consolidation, which it has done.
Page 25 - ... dividends and interest were to be continued until and unless the Director General determined otherwise, and subject to his approval carriers might renew and extend existing obligations. The Federal Control Act, approved March 21, 1918, ratified the terms of the proclamation — that the compensation should be an annual sum equivalent to the average of the net operating income for the three years ending June 30, 1917, to be ascertained and certified to by the Interstate Commerce Commission. It...