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 3
... period of such Federal control it shall receive as its just compensation an income at an annual rate equivalent as nearly as may be to its average net railway operating income for the three years ending June thirtieth , nineteen hundred ...
... period of such Federal control it shall receive as its just compensation an income at an annual rate equivalent as nearly as may be to its average net railway operating income for the three years ending June thirtieth , nineteen hundred ...
Page 4
... period may , with the prior ap- proval of the President , pay dividends at such rate as the Presient may de- termine . SEC . 6. That the sum of $ 500,000,000 is hereby appropriated , out of the Pub- lic Treasury from any funds not ...
... period may , with the prior ap- proval of the President , pay dividends at such rate as the Presient may de- termine . SEC . 6. That the sum of $ 500,000,000 is hereby appropriated , out of the Pub- lic Treasury from any funds not ...
Page 21
... period , and , so far as my own line of thought was influenced by the English conduct , I should say we did about the same thing , taking the nearest available period to the date of taking over the properties . I did not think it fair ...
... period , and , so far as my own line of thought was influenced by the English conduct , I should say we did about the same thing , taking the nearest available period to the date of taking over the properties . I did not think it fair ...
Page 27
... period , may , with the prior approval of the President , pay dividends at such rate as the President may determine . There is a substantial number of carriers now in the hands of receivers , or coming out of reorganization where they ...
... period , may , with the prior approval of the President , pay dividends at such rate as the President may determine . There is a substantial number of carriers now in the hands of receivers , or coming out of reorganization where they ...
Page 36
... period with another period , the Government can pretty nearly protect itself against any attempted fraud of that kind , if there be an attempted fraud of that kind , which we do not easily assume , of course ; and if everybody acts in ...
... period with another period , the Government can pretty nearly protect itself against any attempted fraud of that kind , if there be an attempted fraud of that kind , which we do not easily assume , of course ; and if everybody acts in ...
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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.