Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919 |
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Page 56
... securities to the extent of $ 2,500,000,000 could hardly be brought within those mortgages ; so what security are you going to give to those who buy those bonds ? Director General MCADOO . Well , I think in the case of equipment that ...
... securities to the extent of $ 2,500,000,000 could hardly be brought within those mortgages ; so what security are you going to give to those who buy those bonds ? Director General MCADOO . Well , I think in the case of equipment that ...
Page 236
... securities . The advisability , desirability , and propriety of public or governmental regulation of the issuance of securities by public service corporations is conceded generally by thinking and fair - minded men . A proper Federal ...
... securities . The advisability , desirability , and propriety of public or governmental regulation of the issuance of securities by public service corporations is conceded generally by thinking and fair - minded men . A proper Federal ...
Page 238
... securities of the corporations would become stabilized , and that when it becomes necessary to utter additional securities under governmental supervision , capital seeking investment would readily respond to the call . Commissioner ...
... securities of the corporations would become stabilized , and that when it becomes necessary to utter additional securities under governmental supervision , capital seeking investment would readily respond to the call . Commissioner ...
Page 245
... securities , if we can do so , and as far as we can do so , and I want to ask if you have investigated the question as to how far we can provide for the issuance of securities where the cor- poration is a State - organized corporation ...
... securities , if we can do so , and as far as we can do so , and I want to ask if you have investigated the question as to how far we can provide for the issuance of securities where the cor- poration is a State - organized corporation ...
Page 246
... securities should be controlled by the Government ; I think it is absolutely necessary , if we are going on under private ownership ; but I wanted to ask you if the commission had investigated the question as to how far we could go ...
... securities should be controlled by the Government ; I think it is absolutely necessary , if we are going on under private ownership ; but I wanted to ask you if the commission had investigated the question as to how far we could go ...
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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.