Railway Statistics of the United States of America ...: Compared with the Official Reports of and Recent Statistics of Foreign Railways, Volumes 13-15

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1916 - Railroads

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Page 68 - Governments of the several states, and with one another, that during the present war they will coordinate their operations in a continental railway system, merging during such period all their merely individual and competitive activities in the effort to produce a maximum of national transportation efficiency.
Page 67 - An Act to provide for the operation of transportation systems while under Federal control, for the just compensation of their owners and for other purposes...
Page 68 - Federal control it shall receive as just compensation an annual sum, payable from time to time in reasonable installments, for each year and pro rata for any fractional year of such Federal control, not exceeding a sum equivalent as nearly as may be to its average annual railway operating income for the three years ended June thirtieth, nineteen hundred and seventeen.
Page 67 - 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 67 - If I have taken the task out of their hands it has not been because- of any dereliction or failure on their part, but only because there were some things which the government can do and private management cannot.
Page 70 - tis not so deep as a well, nor so wide as a church door ; but 'tis enough, 'twill serve : ask for me to-morrow, and you shall find me a grave man. I am peppered, I warrant, for this world. A plague o...
Page 42 - Each locomotive used in road service between sunset and sunrise shall have a headlight which shall afford sufficient illumination to enable a person in the cab of such locomotive who possesses the usual visual capacity required of locomotive enginemen, to see in a clear atmosphere, a dark object as large as a man of average size standing erect at a distance of at least 800 feet ahead and in front of such headlight; and such headlight must be maintained in good condition.
Page 67 - The common administration will be carried out with as little disturbance of the present operating organizations and personnel of the railways as possible. Nothing will be altered or disturbed which it is not necessary to disturb. We are serving the public interest and safeguarding- the public safety, but we are also regardful of the interest of those by whom these great properties are owned and glad to avail ourselves of the experience and trained ability of those who have been managing them. It...
Page 67 - But nothing herein contained, expressed or implied, or hereafter done or suffered hereunder shall be deemed in. any way to impair the rights of the stockholders, bondholders, creditors, and other persons having interests in said systems of transportation or in the profits thereof, to receive just and adequate compensation for the use and control and operation of their property hereby assumed.

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