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 22
... rates and rates to valuation ; it is a vicious circle . It has been run by a great many people and a great many railroad attorneys have been around that circle , until it seems to me they have gone crazy with the dizziness which results ...
... rates and rates to valuation ; it is a vicious circle . It has been run by a great many people and a great many railroad attorneys have been around that circle , until it seems to me they have gone crazy with the dizziness which results ...
Page 48
... rate because the gas companies up there have issued practically no bonds . That is not a legal prohibition , it has been a practical matter . The rates have always been adequate so that on the average , until recent times , gas stocks ...
... rate because the gas companies up there have issued practically no bonds . That is not a legal prohibition , it has been a practical matter . The rates have always been adequate so that on the average , until recent times , gas stocks ...
Page 49
... rates . Mr. RAYBURN . I would like to ask you one question , Mr. Ander- son . It looks like here that it might be contemplated that the Gov- ernment would buy some of these bonds , and probably some of them will be sold in the market ...
... rates . Mr. RAYBURN . I would like to ask you one question , Mr. Ander- son . It looks like here that it might be contemplated that the Gov- ernment would buy some of these bonds , and probably some of them will be sold in the market ...
Page 76
... rates will be adequate or not . I do not believe there will be any hysterical rate making based upon financial fear . I am quite sure there will not , knowing what I do about the present control . Mr. Escu . Every Government of Europe ...
... rates will be adequate or not . I do not believe there will be any hysterical rate making based upon financial fear . I am quite sure there will not , knowing what I do about the present control . Mr. Escu . Every Government of Europe ...
Page 142
... rate , again it comes out about the same as the earnings actually are , showing that the normal rate of the increase of income of the roads , if it had been left undisturbed , would have put the roads , as to income in 1916 and 1917 ...
... rate , again it comes out about the same as the earnings actually are , showing that the normal rate of the increase of income of the roads , if it had been left undisturbed , would have put the roads , as to income in 1916 and 1917 ...
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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 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 246 - That the state of war between the United States and the Imperial German Government which has thus been thrust upon the United States is hereby formally declared; 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 246 - 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 247 - Until and except so far as said Director shall from time to time otherwise by general or special orders determine, such systems of transportation shall remain subject to all existing statutes and orders of the Interstate Commerce Commission, and to all statutes and orders of regulating commissions of the various States in which said systems or any part thereof may be situated. But any orders, general or special, hereafter made by said Director shall have paramount authority and be obeyed as such.
Page 246 - Now, therefore, I, Woodrow Wilson. President of the United States, under and by virtue of the powers vested in me by the; foregoing resolutions and statute, and by virtue of all other powers thereto me enabling, do hereby, through Newton D.
Page 775 - 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 467 - ... at such times and in such manner as the secretary of state may direct ; and the directors, officers, and servants of any such railroad shall obey the directions of the secretary of state as to the user of such railroad or plant as aforesaid for her majesty's service.
Page 510 - A railroad is a public highway, and none the less so because constructed and maintained through the agency of a corporation deriving its existence and powers from the State. Such a corporation was created for public purposes. It performs a function of the State.
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.