Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919 |
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Page 56
And I assume that future issues of securities to the extent of $ 2,500,000,000 could hardly be brought within those mortgages ... You realize that it would be rather difficult for the Government to compel the companies to issue these ...
And I assume that future issues of securities to the extent of $ 2,500,000,000 could hardly be brought within those mortgages ... You realize that it would be rather difficult for the Government to compel the companies to issue these ...
Page 70
I know , but the real issue is that the loco- motives could probably be purchased cheaper now than the Govern- ment bought them for . Director General MCADOO . Doubtless , but that does not justify repudiation of their orders .
I know , but the real issue is that the loco- motives could probably be purchased cheaper now than the Govern- ment bought them for . Director General MCADOO . Doubtless , but that does not justify repudiation of their orders .
Page 117
Now , we will assume that the railroad managers take issue with you and controvert - I do not know whether they will or not - emphat- ically your faith in the five - year extension , and they say : " If we are permitted to retain ...
Now , we will assume that the railroad managers take issue with you and controvert - I do not know whether they will or not - emphat- ically your faith in the five - year extension , and they say : " If we are permitted to retain ...
Page 121
I think it is possible , by extension , to have a test period under composed conditions that will not make it an acute political issue in some presidential campaign . The economic problem is so vital to America that it ought not to be ...
I think it is possible , by extension , to have a test period under composed conditions that will not make it an acute political issue in some presidential campaign . The economic problem is so vital to America that it ought not to be ...
Page 122
would be under the 21 months ' control ; and I think if it is a political issue eventually - as it undoubtedly will be eventually , and I think that all of us and we are all politicians in America in the sense that all vote and all have ...
would be under the 21 months ' control ; and I think if it is a political issue eventually - as it undoubtedly will be eventually , and I think that all of us and we are all politicians in America in the sense that all vote and all have ...
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additional Administration amount authority average believe body bonds capital carriers cars cent CHAIRMAN charge Commissioner CLARK Commissioner WOOLLEY committee companies competition Congress considered continue corporation cost course CUYLER determine Director General MCADOO earnings effect employees equipment existing expenses facilities fact Federal control figures fixed freight give given Government important increase Interstate Commerce Commission investment issue lines locomotives matter mean meet ment miles months necessary needs officers operation organization ownership period possible practically present President problem proper proposed question rail railroads railway rates reasonable referred regional regulation represent respect result roads securities Senator CUMMINS Senator KELLOGG Senator POMERENE shippers situation statement suggested terminals things THORNE tion traffic trains transportation United wages
Popular passages
Page 630 - Actions at law or suits in equity may be brought by and against such carriers and judgments rendered as now provided by law; and in any action at law or suit in equity against the carrier, no defense shall be made thereto upon the ground that the carrier is an instrumentality or agency of the federal government.
Page 662 - Nothing in subsection (c) or (d) shall be construed to amend, repeal, impair, or affect existing laws or powers of the States In relation to taxation or the lawful police regulations of the several States, except wherein such laws, powers, or regulations may affect the transmission of Government communications, or the issue of stocks and bonds by any communication system or systems.
Page 631 - Railroads, claim for death or injury to person, or for loss and damage to property, arising since December 31, 1917, and growing out of the possession, use, control or operation of any railroad or system of transportation by the Director General of Railroads, which action, suit, or proceeding but for Federal control might have been brought against the carrier company, shall be brought against William G. McAdoo, Director General of Railroads, and not otherwise; provided, however, that this order shall...
Page 631 - That carriers while under federal control shall be subject to all laws and liabilities as common carriers, whether arising under state or federal laws or at common law. except in so far as may be inconsistent with the pro-visions ol this act or any other act applicable to such lederal control or with any order of the president.
Page 277 - That nothing in this act shall be construed to amend, repeal, impair, or affect the existing laws or powers of the States in relation to taxation or the lawful police regulations of the several States, except wherein such laws, powers, or regulations may affect the transportation of troops, war materials, Government supplies, or the issue of stocks and bonds.
Page 749 - Investors in railway securities may rest assured that their rights and interests will be as scrupulously looked after by the Government as they could be by the directors of the several railway systems.
Page 13 - The pay for female employees, for the same class of work, shall be the same as that of men, and their working conditions must be healthful and fitted to their needs. The laws enacted for the government of their employment must be observed.
Page 334 - No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in the past has been the desire and ability of railroad managers to engage in enterprises outside the legitimate operation of their railroads, especially by the acquisition of other railroads and their securities.
Page 424 - ... necessary or desirable for war purposes or in the public interest on or in connection with the property of any carrier. He may from said revolving fund advance to such carrier all or any part of the expense of such additions, betterments, or road extensions, and to provide terminals, motive power, cars, and other necessary equipment...
Page 762 - No railroad corporation shall issue any stock or bonds, except for money, labor or property actually received and applied to the purposes for which such corporation was created; and all stock dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation, shall be void. The capital stock of no railroad corporation shall be increased for any purpose, except upon giving sixty days' public notice, in such manner as may be provided by law.
Bibliographic information
| Title | Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919 Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919, United States. Congress. Senate. Interstate commerce committee |
| Author | United States. Congress. Senate. Interstate Commerce Committee |
| Published | 1919 |
| Export Citation | BiBTeX EndNote RefMan |