Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919 |
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Page 56
... issues of bonds ? Director General McADOO . Yes . Senator CUMMINS . And I assume that future issues of securities to the ... issue these obligations , and to expend the money partly on their own property and partly upon other property ...
... issues of bonds ? Director General McADOO . Yes . Senator CUMMINS . And I assume that future issues of securities to the ... issue these obligations , and to expend the money partly on their own property and partly upon other property ...
Page 70
... issue is they do not want to take the locomotives at the war prices at which they were purchased ; they believe the prices will come down . Director General MCADOO . But they would have been obliged to buy them at high prices if the ...
... issue is they do not want to take the locomotives at the war prices at which they were purchased ; they believe the prices will come down . Director General MCADOO . But they would have been obliged to buy them at high prices if the ...
Page 117
... 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 possession of our roads within a reasonable time we can ...
... 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 possession of our roads within a reasonable time we can ...
Page 121
... issue or might not be an issue in the campaign of 1920 , if we were to grant the five - year extension , is rather novel to me . I think it is bound to be one of the great political questions . Director General McADOO . My feeling about ...
... issue or might not be an issue in the campaign of 1920 , if we were to grant the five - year extension , is rather novel to me . I think it is bound to be one of the great political questions . Director General McADOO . My feeling about ...
Page 122
... 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 a right to a voice in the Government ; that is the beauty of democracy ...
... 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 a right to a voice in the Government ; that is the beauty of democracy ...
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Common terms and phrases
amount authority average bonds capital carriers cars cent CHAIRMAN charge Chicago coal Commissioner CLARK Commissioner WOOLLEY committee common carriers competition Congress consolidation corporation cost CUYLER Director General MCADOO dividends earnings effect Ellison D employees equipment expenses facilities Federal control freight rates Government control Government ownership increase Interstate Commerce Commission interstate rates intrastate investment issue KRUTTSCHNITT labor legislation less than carload lines locomotives matter ment mileage miles months necessary operating income passenger period present President private control public interest question R. R. Co rail Railroad Administration railroad companies railway reasonable regional regulation result revenue roads secretary of transportation Senator CUMMINS Senator GORE Senator KELLOGG Senator MCLEAN Senator POINDEXTER Senator POMERENE Senator TOWNSEND Senator UNDERWOOD Senator WATSON shippers statement terminal territory Thom THORNE tion traffic 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.