Consolidation of Railwayproperties: Hearings...on S. 2224...May 21, 1924-[Jan. 13, 1925] |
From inside the book
Results 1-5 of 23
Page 3
... valuation and deducting therefrom depreciation suffered and the value of any part of the property which has been abandoned , sold , or otherwise retired since such time . Each such committee shall also determine the value of each class ...
... valuation and deducting therefrom depreciation suffered and the value of any part of the property which has been abandoned , sold , or otherwise retired since such time . Each such committee shall also determine the value of each class ...
Page 15
... valuation of the whole railway property with a recapture clause . The very establishment of an average implies that some railways will earn an excess of this amount and that others will earn less . During these recent times of the ...
... valuation of the whole railway property with a recapture clause . The very establishment of an average implies that some railways will earn an excess of this amount and that others will earn less . During these recent times of the ...
Page 22
... valuation than the I. C. C. valuation , and by this plan we would get , if it were carried out , in actual reduction in the capitalization of railways as a whole , to a figure below the I. C. C. valuation . It seems to me that is an ...
... valuation than the I. C. C. valuation , and by this plan we would get , if it were carried out , in actual reduction in the capitalization of railways as a whole , to a figure below the I. C. C. valuation . It seems to me that is an ...
Page 36
... valuation was really the fundamental proposition . Mr. OLDHAM . I think it is very important . Senator FERNALD . Is not the valuation , Mr. Oldham , as de- termined by the Interstate Commerce Commission , very close to the valuation as ...
... valuation was really the fundamental proposition . Mr. OLDHAM . I think it is very important . Senator FERNALD . Is not the valuation , Mr. Oldham , as de- termined by the Interstate Commerce Commission , very close to the valuation as ...
Page 37
... valuation , using the unit price of 1914 . Senator FERNALD . Yes , and the stock values of the roads at that time would determine about the valuation , I assume , that was placed on them by the commission . Mr. OLDHAM . I should think ...
... valuation , using the unit price of 1914 . Senator FERNALD . Yes , and the stock values of the roads at that time would determine about the valuation , I assume , that was placed on them by the commission . Mr. OLDHAM . I should think ...
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...