Federal Operation of Transportation Systems: Hearings Before the Committee on Interstate and Foreign Commerce of the House of Representatives, Sixty-fifth Congress, Second Session, on H. R. 8172. January 8 to 29, 1918 |
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Page 13
... going to arise that only the Supreme Court can finally determine . My own offhand view , and I do not think it is entitled to much weight , is that the States can not assess anything upon railroad property in the control of the ...
... going to arise that only the Supreme Court can finally determine . My own offhand view , and I do not think it is entitled to much weight , is that the States can not assess anything upon railroad property in the control of the ...
Page 28
... going to make some- thing this year , and the Government takes it over now , how much is the Government going to pay me ? Commissioner ANDERSON . Whatever the court says they ought to under section 3 . Mr. SNOOK . What basis will the ...
... going to make some- thing this year , and the Government takes it over now , how much is the Government going to pay me ? Commissioner ANDERSON . Whatever the court says they ought to under section 3 . Mr. SNOOK . What basis will the ...
Page 35
... going business , and if they are turned back to the carriers they will be turned back as a going business . It would make a tremendous amount of additional bookkeeping , and it would put the Government and the carriers to a very large ...
... going business , and if they are turned back to the carriers they will be turned back as a going business . It would make a tremendous amount of additional bookkeeping , and it would put the Government and the carriers to a very large ...
Page 36
... going business , and at the end of the war , or at some stated period , they can be turned back as a going business . If , perchance , it be found that any carrier has undertaken to slow up at any time the payment of accounts , instead ...
... going business , and at the end of the war , or at some stated period , they can be turned back as a going business . If , perchance , it be found that any carrier has undertaken to slow up at any time the payment of accounts , instead ...
Page 46
... going to be the effect upon these maturing obligations ? Will they not rise in the market ? " Will the speculative tendency be for that purpose , and will not some gentleman who is very much against corporations say , " This is a scheme ...
... going to be the effect upon these maturing obligations ? Will they not rise in the market ? " Will the speculative tendency be for that purpose , and will not some gentleman who is very much against corporations say , " This is a scheme ...
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Common terms and phrases
3-year average ad valorem tax amendment AMORY amount BARKLEY bill bonds British railways capital stock carriers cars cent CHAIRMAN charge Commissioner ANDERSON committee common carriers compensation Congress corporation cost court COWAN DECKER depreciation DEWALT Director dividends earnings employees equipment ESCH fact Federal control figures fixed freight funds gentlemen going Government control guarantee increase interest Interstate Commerce Commission Judge Payne June 30 KRUTTSCHNITT legislation matter McADOO ment miles MONTAGUE net operating income operating income owners ownership paid PARKER Pennsylvania Railroad period President proclamation property investment PROUTY question rail railroad company railway company rates RAYBURN reason revenues roads ROBINSON securities shippers short lines short-line railroads standard return statement STEPHENS stockholders surplus taken Thetus W thing Thom THORNE tion traffic transportation United WETTLING WINSLOW
Popular passages
Page 246 - That a state of war is hereby declared to exist between the United States of America and the Imperial and Royal Austro-Hungarian Government; and that the President be, and he is hereby authorized and directed to employ the entire naval and military forces of the United States...
Page 745 - What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public.
Page 84 - ... every system of transportation and the appurtenances thereof located wholly or in part within the boundaries of the continental United States, and consisting of railroads, and owned or controlled systems of coastwise and inland transportation, engaged in general transportation, whether operated by steam or by electric power, including also terminals, terminal companies and terminal associations, sleeping and parlor cars, private cars and private car lines...
Page 59 - The President, in time of war, is empowered, through the Secretary of War, to take possession and assume control of any system or systems of transportation, or any part thereof, and to utilize the same to the exclusion, as far as may be necessary, of all other traffic thereon for the transfer or transportation of troops, war material, and equipment, or for such other purposes connected with the emergency as may be needful or desirable.
Page 115 - District, which may require or involve the employment of laborers or mechanics shall contain a provision that no laborer or mechanic doing any part of the work contemplated by the contract in the employ of the contractor or any subcontractor contracting for any part of said work contemplated shall be required or permitted to work more than eight hours in any one calendar day upon such work...
Page 6 - From said revolving fund the President may expend such an amount as he may deem necessary or desirable for the utilization and operation of canals, or for the purchase, construction, or utilization and operation of boats, barges, tugs, and other transportation facilities on the inland, canal, and coastwise waterways...
Page 386 - Here lies our Sovereign Lord the King, Whose word no man relies on ; Who never said a foolish thing, And never did a wise one.
Page 247 - Director, no attachment by mesne process or on execution shall be levied on or against any of the property used by any of said transportation systems in the conduct of their business as common carriers; but suits may be brought by and against said carriers and judgments rendered as hitherto until and except so far as said Director may, by general or special orders, otherwise determine.
Page 247 - 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.
Page 745 - What the company is entitled to ask is a fair return upon the value of that which it employs for the public convenience. On the other hand, what the public is entitled to demand is that no more be exacted from it for the use of a public highway than the services rendered by it are reasonably worth.