Railway Age, Volume 84

Front Cover
Simmons-Boardman Publishing Company, 1928 - Locomotives
 

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Page 276 - 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 225 - Commission shall ascertain and report in detail as to each piece of property, other than land, owned or used by said common carrier for its purposes as a common carrier, the original cost to date, the cost of reproduction new, the cost of reproduction less depreciation, and an analysis of the methods by which these several costs are obtained, and the reason for their differences, if any.
Page 144 - During the year 12 percent of the steam locomotives inspected by our inspectors were found with defects or errors in inspection that should have been corrected before the locomotives were put into use, as compared with 10 percent in the previous year and 8 percent in the year ended June 30, 1932.
Page 277 - The streets belong to the public, and are primarily for the use of the public in the ordinary way. Their use for the purposes of gain is special and extraordinary, and generally, at least, may be prohibited or conditioned as the legislature deems proper.
Page 275 - ... point and then it was hauled by railroad to the city and then the city distributor had to come there to the milk platforms and get it. Now it goes right from his farm into the city distributor's place. There is an estimated saving of 5 cents per hundredweight, effected on all milk trucked in, by the elimination of the haul from the "railroad milk platform to the city dealer. Certain economies have been brought about by this new method, and in that way it has probably helped to keep the price...
Page 135 - ... may become a clog upon the property in the future. Securities of this sort are hybrid things and have no place in a thoroughly sound financial structure. Were we dealing here with a new enterprise at its inception, and were it a question of a capital structure to be provided for that enterprise, the bonds and stocks of which were to be sold to the public, it would probably be our duty to disallow the inclusion of such a security in that structure.
Page 23 - The chronic car shortages of former years have been overcome. The proportion of rolling equipment in bad order, both cars and locomotives, has been greatly cut down; in this respect the fiscal year 1926-27 marked the most satisfactory situation reported for many years. The tonnage per train has been increased. More important still from the standpoint of the general public welfare, delays in the movement of traffic have been greatly reduced. The expedition of railway service has reacted favorably...
Page 225 - Commission in adjusting freight rates, that the conditions which at any given time prevail in our several industries should be considered in so far as it is legally possible to do so, to the end that commodities may freely move.
Page 135 - Provided, however, . . . that the applicant . . . (b) shall impound in a separate fund the money received from the payment by holders of preferred and common stock in an amount equal to $4 a share, which shall not be paid out unless and until so authorized by order of the court in respect to payments subject to the court's jurisdiction or by this Commission.
Page 276 - Commission shall initiate, modify, establish or adjust such rates so that carriers as a whole . . . 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...

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