Railroad Consolidation: Hearings Before the Committee on Interstate and Foreign Commerce, House of Representatives, Sixty-ninth Congress, First Session, on H.R. 11212, a Bill to Promote the Unification of Carriers Engaged in Interstate Commerce, and for Other Purposes. May 24, 25, 26, 27, June 3, 4, 8, 9, 10, 11, 15, 17, and 18, 1926 |
From inside the book
Results 6-10 of 53
Page 56
... lease , stock ownership , or otherwise , except the Norfolk & Western and railway properties controlled by it , which may in- cluded in system No. 9 , Norfolk & Western . NOTES . The Lorain , Ashland & Southern may be included in system ...
... lease , stock ownership , or otherwise , except the Norfolk & Western and railway properties controlled by it , which may in- cluded in system No. 9 , Norfolk & Western . NOTES . The Lorain , Ashland & Southern may be included in system ...
Page 72
... lease , or other means , not amounting to a technical consolidation , subject to the approval of the Interstate ... leases . The commission has appealed to Congress to relieve it of the impossible task of divid- ing all the railroads in ...
... lease , or other means , not amounting to a technical consolidation , subject to the approval of the Interstate ... leases . The commission has appealed to Congress to relieve it of the impossible task of divid- ing all the railroads in ...
Page 73
... lease the railroad of another there must be in both companies clear and unmistakable power through charter provisions or by statutory law for such consolidation , pur- chase , or lease . Many States have granted this power to railroads ...
... lease the railroad of another there must be in both companies clear and unmistakable power through charter provisions or by statutory law for such consolidation , pur- chase , or lease . Many States have granted this power to railroads ...
Page 74
... leases , etc. , authorized by the act to be made with the approval of the Interstate Commerce Commission . Without such legislation , or legislation to the same effect , by Congress the policy of Congress as declared in the existing law ...
... leases , etc. , authorized by the act to be made with the approval of the Interstate Commerce Commission . Without such legislation , or legislation to the same effect , by Congress the policy of Congress as declared in the existing law ...
Page 76
... lease or by the purchase of the railroads or parts of railroads themselves . My judgment is that this method is practically the only one ( short of compulsory consolidation , if power therefor exists ) which will result in the con ...
... lease or by the purchase of the railroads or parts of railroads themselves . My judgment is that this method is practically the only one ( short of compulsory consolidation , if power therefor exists ) which will result in the con ...
Common terms and phrases
acquire control adequate approved Association authorized to acquire bill BURTNESS CAIN capital stock carriers cent CHAIRMAN Chamber of Commerce charter Chicago commerce clause committee common carriers competition condemnation Congress Constitution corporation cost district Doctor DUNCAN earnings economy effect efficient existing fair return favor Federal franchises freight GARBER going Government HALL HOCH holders HUDDLESTON interstate commerce act Interstate Commerce Commission jury Lake Erie lease legislation less than carload LOVETT matter merce NEWTON OLDHAM operation ownership paragraph Pennsylvania Railroad present law proposed proposition provisions public interest purchase question rail Railroad Co railroad consolidation railroad systems Railway rates reason recapture regulation securities SHALLENBERGER shippers short-line railroads Southern stockholders strong lines strong roads Supreme Court terminal Texas THOM tion traffic transportation act unification United valuation vote waterways weak lines weak roads Western York Central
Popular passages
Page 393 - But we think the sound construction of the Constitution must allow to the national legislature that discretion, with respect to the means by which the powers it confers are to be carried into execution, which will enable that body to perform the high duties assigned to it, in the manner most beneficial to the people.
Page 353 - In so prescribing and determining the divisions of joint rates, fares and charges, the commission shall give due consideration, among other things, to the efficiency with which the carriers concerned are operated, the amount of revenue required to pay their respective operating expenses, taxes, and a fair return on their railway property held for and used in the service of transportation...
Page 482 - 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 4 - An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes...
Page 15 - In the division of such railways into such systems under such plan, competition shall be preserved as fully as possible and wherever practicable the existing routes and channels of trade and commerce shall be maintained.
Page 453 - Act shall undertake the extension of its line of railroad, or the construction of a new line of railroad, or shall acquire or operate any line of railroad, or extension thereof, or shall engage in transportation under this Act over or by means of such additional or extended line of railroad...
Page 240 - 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...
Page 6 - Such certificate must be published once a week for four successive weeks, in a newspaper published in the county, if there be one, and if there be none in such county, then in a newspaper in an adjoining county.
Page 96 - It shall be lawful for two or more carriers by railroad, subject to this Act, to consolidate their properties or any part thereof, into one corporation for the ownership, management, and operation of the properties theretofore in separate ownership, management, and operation...
Page 188 - ... is not entitled as of constitutional right to more than a fair net operating income upon the value of its properties which are being devoted to transportation. By investment in a business dedicated to the public service the owner must recognize that, as compared with investment in private business, he can not expect either high or speculative dividends, but that his obligation limits him to only fair or reasonable profit.