Consolidation of Railwayproperties: Hearings...on S. 2224...May 21, 1924-[Jan. 13, 1925] |
From inside the book
Results 1-5 of 28
Page 1
... competition shall be pre- served as fully as possible , and wherever practicable the existing routes and channels of ... competitive systems and as related to the values of the properties through which the service is rendered shall be ...
... competition shall be pre- served as fully as possible , and wherever practicable the existing routes and channels of ... competitive systems and as related to the values of the properties through which the service is rendered shall be ...
Page 15
... competition , and we should , therefore , assure our national needs and secure these economies by early promotion of larger units of operation . The larger element of the whole problem is that certain roads are now unable under any ...
... competition , and we should , therefore , assure our national needs and secure these economies by early promotion of larger units of operation . The larger element of the whole problem is that certain roads are now unable under any ...
Page 16
... compete in the markets for capital . This is generally evidenced by the fact that something like 90 per cent of the new capi- tal that has gone into our railway systems in the last several years has been raised on bonds mainly based on ...
... compete in the markets for capital . This is generally evidenced by the fact that something like 90 per cent of the new capi- tal that has gone into our railway systems in the last several years has been raised on bonds mainly based on ...
Page 17
... competitive system type or whether it should be regional . The present act requires that the proposed systems shall be laid out so as to maintain broad competition in service . There is a great deal of difference of opinion in the ...
... competitive system type or whether it should be regional . The present act requires that the proposed systems shall be laid out so as to maintain broad competition in service . There is a great deal of difference of opinion in the ...
Page 21
... competition in service surviving where competition in rates was gone . That is one of the difficulties that brought about section 15a , because as long as we were to have uniformity of rates within a given zone , regardless , it ...
... competition in service surviving where competition in rates was gone . That is one of the difficulties that brought about section 15a , because as long as we were to have uniformity of rates within a given zone , regardless , it ...
Common terms and phrases
ACTING CHAIRMAN adopted advantage amended approved articles of incorporation average basis bill bring by-laws CAIN capitalization carrier cent class of shares committee competition Congress consideration consolidated systems consolidation of railway cost determine directors earn economy effect Ellison D existing fair return Federal railroad corporation going haul hearings holders income interstate commerce act Interstate Commerce Commission lease matter Mississippi River necessary OLDHAM operating opinion ownership par value paragraph plan of consolidation present law problem proposed public interest purpose question railroad consolidation act railroad systems railway properties requirements respect result ROBINSON route Secretary HOOVER securities Senator CUMMINS Senator FERNALD Senator FESS Senator HOWELL Senator WATSON similar solidation Southern Pacific stockholders strong roads suggestion terminal territory thing Thom tion traffic transportation act United valuation weak roads weaker roads whole York Central
Popular passages
Page 1 - 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 91 - Commission, by one of such carriers of the control of any other such carrier or carriers either under a lease or by the purchase of stock or in any other manner not involving the consolidation of such carriers into a single system for ownership and operation...
Page 2 - ... the law of any State or the decision or order of any State authority to the contrary notwithstanding.
Page 44 - Commission shall as soon as practicable prepare and adopt a plan for the consolidation of the railway properties of the continental United States into a limited number of systems.
Page 30 - ... 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 5 - 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 property of such carriers held for and used in the service of transportation...
Page 91 - Whenever the Commission is of opinion, after hearing, upon application of any carrier or carriers engaged in the transportation of passengers or property subject to this Act...
Page 24 - There is one other question that I would like to ask you, Mr.
Page 2 - When the Commission has agreed upon a tentative plan, it shall give the same due publicity and upon reasonable notice, including notice to the Governor of each State, shall hear all persons who may file or present objections thereto.
Page 43 - 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...