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" ... 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... "
Economics for Executives: A Series of Study-units and an Accompanying ... - Page 25
edited by - 1921
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The Quarterly Journal of Economics, Volume 33

Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1919 - 842 pages
...Control Act, approved March 21, 1918, ratified the terms of the proclamation — that the compensation should be an annual sum equivalent to the average...operating income for the three years ending June 30, 1917, to be ascertained and certified to by the Interstate Commerce Commission. It was enacted that every...
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The Quarterly Journal of Economics, Volume 33

Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1919 - 758 pages
...Control Act, approved March 21, 1918, ratified the terms of the proclamation — that the compensation should be an annual sum equivalent to the average...operating income for the three years ending June 30, 1917, to be ascertained and certified to by the Interstate Commerce Commission. It was enacted that every...
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The Quarterly Journal of Economics, Volume 33

Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1919 - 840 pages
...Control Act, approved March 21, 1918, ratified the terms of the proclamation — that the compensation should be an annual sum equivalent to the average...operating income for the three years ending June 30, 1917, to be ascertained and certified to by the Interstate Commerce Commission. It was enacted that every...
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War Administration of the Railways in the United States and Great Britain

Frank Haigh Dixon, Julius H. Parmelee - Railroads - 1919 - 236 pages
...annual guaranteed compensation alx>ve accruing depreciation and the maintenance of their properties, equivalent to the average of the net operating income for the three year period ending June 30, 1917. It was declared that nothing done under the proclamation should impair...
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Economic Problems of Modern Life

S. Howard Patterson, Karl William Henry Scholz - Economics - 1927 - 640 pages
...railroads. This law guaranteed to each railroad corporation an annual payment not exceeding its average net operating income for the three years ending June 30, 1917. The government was to provide for the maintenance and repair of equipment and a revolving fund of four...
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Union Pacific: 1894 - 1969

Maury Klein - Transportation - 676 pages
...authorizing the President to make agreements guaranteeing each railroad compensation based on its average net operating income for the three years ending June 30, 1917. The act contained provisions for maintenance, special circumstances, and claims disputes; it also authorized...
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