Consolidation of Railwayproperties: Hearings...on S. 2224...May 21, 1924-[Jan. 13, 1925] |
From inside the book
Results 1-5 of 25
Page 40
... consider it too bulky to go into the record . Senator BRUCE . What does that deal with ? Mr. LAROE . It deals with the terminal problem as related to trans- portation and shows the features of this situation which bear on the problem in ...
... consider it too bulky to go into the record . Senator BRUCE . What does that deal with ? Mr. LAROE . It deals with the terminal problem as related to trans- portation and shows the features of this situation which bear on the problem in ...
Page 42
... considering the legislation necessary to accomplish these results the facts with which it was necessary to deal became clearly established , as well as the difficulties to be overcome . The principle had been long established by the Fed ...
... considering the legislation necessary to accomplish these results the facts with which it was necessary to deal became clearly established , as well as the difficulties to be overcome . The principle had been long established by the Fed ...
Page 55
... considering both the original plan and the changes in it which I now suggest I would like to have it borne in mind that my general purpose and my interest in this proceeding is to show that without imprac- ticable disruption of existing ...
... considering both the original plan and the changes in it which I now suggest I would like to have it borne in mind that my general purpose and my interest in this proceeding is to show that without imprac- ticable disruption of existing ...
Page 79
... consider the more important advantages that would follow consolidation , I thought it desirable to avoid any overempha- sis of the consideration of the conomies that would be introduced . I adverted to a number of particulars in which I ...
... consider the more important advantages that would follow consolidation , I thought it desirable to avoid any overempha- sis of the consideration of the conomies that would be introduced . I adverted to a number of particulars in which I ...
Page 81
... consider that a matter of the first importance , and I believe the way to accomplish what I am discussing is through sensible consolidation . Senator GOODING . Have you thought out a way by which you could provide for this consolidation ...
... consider that a matter of the first importance , and I believe the way to accomplish what I am discussing is through sensible consolidation . Senator GOODING . Have you thought out a way by which you could provide for this consolidation ...
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...