Investigation of Panama Canal Tolls: Hearings Before the Special Subcommittee to Investigate Panama Canal Tolls, Eighty-first Congress, First Session, on H.Res. 44 |
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Page 9
... of course , want to see the steamship companies socked enough to give the transcontinental railroads the business . So you have , fortunately , two lobbies there that are opposing each other and that helps you carry the middle ...
... of course , want to see the steamship companies socked enough to give the transcontinental railroads the business . So you have , fortunately , two lobbies there that are opposing each other and that helps you carry the middle ...
Page 10
That is , a ship pays 90 cents a ton for her total commercial carrying capacity . If she has 5 tons on board and is a 10,000 - ton ship , she pays for 10,000 tons , so naturally the ships go through fully loaded .
That is , a ship pays 90 cents a ton for her total commercial carrying capacity . If she has 5 tons on board and is a 10,000 - ton ship , she pays for 10,000 tons , so naturally the ships go through fully loaded .
Page 13
All this light and power and food supplies and ship chandlery and shop repairs , the operation of the Panama Railroad for freight and passenger carrying , and the operation of the docks , is all part of the picture . Mr. FUGATE .
All this light and power and food supplies and ship chandlery and shop repairs , the operation of the Panama Railroad for freight and passenger carrying , and the operation of the docks , is all part of the picture . Mr. FUGATE .
Page 20
Then , to carry the parallel of the public utility to its ultimate end , a fictitious interest item of more than $ 15,000,000 per annum is charged against net income . This interest charge , which is 3 percent of the capitalized cost of ...
Then , to carry the parallel of the public utility to its ultimate end , a fictitious interest item of more than $ 15,000,000 per annum is charged against net income . This interest charge , which is 3 percent of the capitalized cost of ...
Page 22
While on this point it should also be accepted as a matter of principle that no expansion of the Isthmian facilities should be capitalized as an investment to be carried by future tolls . It is a curious but understandable fact that ...
While on this point it should also be accepted as a matter of principle that no expansion of the Isthmian facilities should be capitalized as an investment to be carried by future tolls . It is a curious but understandable fact that ...
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Common terms and phrases
accounting actual additional American amount annual appear Appropriations Army authorities Bailey basis believe BURDICK Canal tolls Canal Zone capital cents Chairman charge commercial committee Company concerned CONGRESS THE LIBRARY consideration considered construction Convention cost course cover deficit effect enterprise established expenses facilities fact fair figures foreign FUGATE future give Government Governor House increase intercoastal interest investment LIBRARY OF CONGRESS lines locks maintenance matter mean military MILLER national defense Navy necessary offices operation paid Panama Canal percent period persons present President profit protection question Railroad reason recommend record reference Republic of Panama respect RESS result statement STEESE subcommittee suggestion thing THOMPSON tion trade traffic transit transportation treaty United vessels Washington World
Popular passages
Page 21 - The canal shall be free and open to the vessels of commerce and of war of all nations observing these rules, on terms of entire equality, so that there shall be no discrimination against any such nation, or its citizens or subjects, in respect of the conditions or charges of traffic or otherwise.
Page 83 - The Republic of Panama further grants in like manner to the United States in perpetuity all islands within the limits of the zone above described and in addition thereto the group of small islands in the Bay of Panama, named Perico, Naos, Culebra and Flamenco.
Page 75 - Treaty shall be ratified by the President of the United States, by and with the advice and consent of the Senate thereof , and by His Britannic Majesty; and the ratifications shall be exchanged at Washington or at London at the earliest possible time within six months from the date hereof.
Page 74 - April, 1850, commonly called the Clayton-Bulwer Treaty, to the construction of such canal under the auspices of the Government of the United States, without impairing the "general principle...
Page 77 - II which the United States would possess and exercise if it were the sovereign of the territory within which said lands and waters are located to the entire exclusion of the exercise by the Republic of Panama of any such sovereign rights, power, or authority.
Page 103 - An Act to provide for the construction of a canal connecting the waters of the Atlantic and Pacific Oceans...
Page 76 - Colombia, and the sovereignty of such territory being actually vested in the Republic of Panama, the high contracting parties have resolved for that purpose to conclude a convention and have accordingly appointed as their plenipotentiaries, — The President of the United States of America, John Hay, Secretary of State, and The Government of the Republic of Panama, Philippe...
Page 72 - The contracting parties will use whatever influence they respectively exercise with any State, States, or governments, possessing, or claiming to possess, any jurisdiction or right over the territory which the said canal shall traverse, or which shall be near the waters applicable thereto, in order to induce such States or governments to facilitate the construction of the said canal by every means in their power.
Page 73 - ... sufficient capital subscribed to accomplish the contemplated undertaking; it being understood that if, at the expiration of the aforesaid period, such persons or company be not able to commence and carry out the proposed enterprise, then the Governments of the United States and Great Britain shall be free to afford their protection to any other persons or company that shall be prepared to commence and proceed with the construction of the canal in question.