Problems of the Railroads: Hearings Before the Subcommittee on Surface Transportation of the Committee on Interstate and Foreign Commerce, United States Senate, Eighty-fifth Congress, Second Session.... |
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Page 8
... depreciation method of accounting . When it came to applying the straight - line depreciation method to the tax angles , the Commissioner of Internal Revenue required a 30 - percent depreciation reserve as a condition for permitting the ...
... depreciation method of accounting . When it came to applying the straight - line depreciation method to the tax angles , the Commissioner of Internal Revenue required a 30 - percent depreciation reserve as a condition for permitting the ...
Page 9
... depreciation of any such property would be reduced by the amount so taken in the reserve fund . This would have ... depreciation rate is under 22 percent . Therefore , you get very little money out of your depreciation account with which ...
... depreciation of any such property would be reduced by the amount so taken in the reserve fund . This would have ... depreciation rate is under 22 percent . Therefore , you get very little money out of your depreciation account with which ...
Page 10
... depreciation reserve to correct an existing inequity ; the proposal for depreciable life not in excess of 20 years for railroad property . That would cure this 50 - year thing that I was talking about , if the law would provide that ...
... depreciation reserve to correct an existing inequity ; the proposal for depreciable life not in excess of 20 years for railroad property . That would cure this 50 - year thing that I was talking about , if the law would provide that ...
Page 12
... depreciation . The CHAIRMAN . I would like you to limit yourself to other forms of transportation . Mr. LOOMIS . Presently it is proposed for the railroads alone . There is quite a considerable difference , and I am not sure that I can ...
... depreciation . The CHAIRMAN . I would like you to limit yourself to other forms of transportation . Mr. LOOMIS . Presently it is proposed for the railroads alone . There is quite a considerable difference , and I am not sure that I can ...
Page 30
... DEPRECIATION RESERVE The first of these proposals has to do with the 30 - percent depreciation reserve required incident to change in the accounting method when the railroads changed from the " retirement " method of accounting for ...
... DEPRECIATION RESERVE The first of these proposals has to do with the 30 - percent depreciation reserve required incident to change in the accounting method when the railroads changed from the " retirement " method of accounting for ...
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Common terms and phrases
airlines average avoidable costs barge benefits bill capital carload centralized traffic control CHAIRMAN class I railroads committee common carrier commuter compete competition competitors Congress depreciation diesel dollars earnings economic effect efficiency employees equipment estimate excise tax expenses facilities Federal forms of transportation freight cars Government gross handled haul highway improvements income increase Interstate Commerce Act Interstate Commerce Commission investment legislation lines locomotive LOOMIS maintenance ment miles million modes of transportation motor carriers operating output passenger service passenger train Pennsylvania Railroad percent PERLMAN portation private carriage problem proposed rail rail transportation railroad industry Railway reduced regulation regulatory result revenues roads Senator BRICKER Senator LAUSCHE Senator PURTELL Senator SCHOEPPEL Senator SMATHERS shippers situation Southern Pacific statement statistical subsidy substantial SYMES threshold costs tion ton-miles traffic truck truckers Union Pacific United variable World War II York Central
Popular passages
Page 372 - ... motor vehicles controlled and operated by a cooperative association as defined in the Agricultural Marketing Act...
Page 375 - May 5 by the Bureau of Transport Economics and Statistics of the Interstate Commerce Commission. That Bureau publishes what they call a monthly comment on transportation statistics.
Page 200 - Commission shall find that the continuance or acquisition of such ownership, lease, operation, control, or interest will not prevent such common carrier by water or vessel from being operated in the interest of the public and with advantage to the convenience and commerce of the people, and that it will not exclude, prevent, or reduce competition on the route by water under consideration...
Page 27 - Nothing in this part, except the provisions of section 204 relative to qualifications and maximum hours of service of employees and safety of operation or standards of equipment shall be construed to include * * * (6) motor vehicles used in carrying property consisting of ordinary livestock, fish (including shell fish), or agricultural (including horticultural) commodities (not including manufactured products thereof...
Page 371 - private carrier of property by motor vehicle" means any person not included in the terms "common carrier by motor vehicle" or "contract carrier by motor vehicle", who or which transports in interstate or foreign commerce by motor vehicle property of which such person is the owner, lessee, or bailee, when such transportation is for the purpose of sale, lease, rent, or bailment, or in furtherance of any commercial enterprise.
Page 650 - ... (c) In passing upon any proposed transaction under the provisions of this paragraph (2), the Commission shall give weight to the following considerations, among others: (1) The effect of the proposed transaction upon adequate transportation service to the public; (2) the effect upon the public interest of the inclusion, or failure to include, other railroads in the territory involved in the proposed transaction; (3) the total fixed charges resulting from the proposed transaction; and (4) the...
Page 771 - That nothing in this Act shall prevent the carriage, storage, or handling of property free or at reduced rates for the United States, State, or municipal governments, or for charitable purposes, or to or from fairs and expositions for exhibition thereat...
Page 543 - 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 by the carrier or carriers for which the rates are prescribed...
Page 199 - ... property consisting of ordinary livestock, fish (including shell fish), or agricultural (including horticultural) commodities (not including manufactured products thereof), if such motor vehicles are not used in carrying any other property, or passengers, for compensation...
Page 372 - It shall be the duty of every contract carrier by motor vehicle to file with the Commission, publish, and keep open for public inspection, in the form and manner prescribed by the Commission, schedules containing the actual rates or charges...