Railroad Consolidation, Hearings Before ... , 69-1, May 24, 1926 - June 4, 1926 |
Common terms and phrases
adequate ALBEN W approval authority bill BURTNESS carriers cent Central CHAIRMAN commerce clause COMMITTEE ON INTERSTATE competition Constitution corporation cost course CROSSER Doctor DUNCAN economies effect efficient existing law fair return Federal freight GEORGE HUDDLESTON Government HALL hearings HOCH holders HOMER HOCH HUDDLESTON included in system interstate commerce act Interstate Commerce Commission legislation limited number LOVETT mileage miles NEWTON Nickel Plate Northern opinion paragraph PARKER CORNING possible present law problem Professor Ripley proposed provisions public interest question railroad systems railway rate-making purposes rates RAYBURN recapture reference regulation revenues Ripley recommends ROBERT CROSSER SCHUYLER MERRITT section 15a securities SHALLENBERGER shipper short lines short-line railroads situation Southern statement stockholders strong lines strong road Supreme Court Texas things tion traffic transportation act transportation service understand unification Union Pacific Valley valuation weak lines weak road Western WYANT
Popular passages
Page 19 - ... passengers, troops, Government supplies, mails, freight, and property on their way from any State to another State, and to receive compensation therefor, and to connect with roads of other States so as to form continuous lines for the transportation of the same to the place of destination.
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 60 - 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 186 - ... 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.
Page 50 - That 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, or upon its own initiative, that the division of their traffic or earnings, to the extent indicated by the Commission...
Page 1 - That the provisions of this act shall apply to any common carrier or carriers engaged in the transportation of passengers or property wholly by railroad, or partly by railroad and partly by water when both are used, under a common control, management, or arrangement, for a continuous carriage or shipment...
Page 112 - In the matter of consolidation of the railway properties of the United States into a limited number of systems.
Page 186 - ... expect either high or speculative dividends but that his obligation limits him to only fair or reasonable profit. If the company owned the only railroad engaged in transportation in a given section and was doing all the business, this would be clear. If it receives a fair return on its property, why should it make any difference that other and competing railroads in the same section are permitted to receive higher rates for a service which it costs them more to render and from which they receive...
Page 15 - 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, 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 81 - In the division of authority with respect to interstate railways Congress reserves to itself the superior right to control their commerce and forbid interference therewith ; while to the States remains the power to create and to regulate the instruments of such commerce, so far as necessary to the conservation of the public interests.