Extention of Tenure of Government Control of Railroads: Hearings...Wash. 1919 |
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Page 242
... Commissioner CLARK . Yes , by the surplus in the foreign markets , and the price in New York is made with reference to that , and the freight rates are taken into consideration . Senator CUMMINS . But would not that entirely depend on ...
... Commissioner CLARK . Yes , by the surplus in the foreign markets , and the price in New York is made with reference to that , and the freight rates are taken into consideration . Senator CUMMINS . But would not that entirely depend on ...
Page 243
... Commissioner CLARK . That is our idea exactly , and it is a great deal easier to regulate one large , well - organized corporation than it is to regulate half a dozen poorly financed and poorly organized cor- porations that do not care ...
... Commissioner CLARK . That is our idea exactly , and it is a great deal easier to regulate one large , well - organized corporation than it is to regulate half a dozen poorly financed and poorly organized cor- porations that do not care ...
Page 244
... Commissioner CLARK . No ; we have never considered that , Senator . Senator GORE . I wish you would run that through your mind sometime . Commissioner CLARK . I certainly will . Senator UNDERWOOD . Mr. Commissioner , on this question of ...
... Commissioner CLARK . No ; we have never considered that , Senator . Senator GORE . I wish you would run that through your mind sometime . Commissioner CLARK . I certainly will . Senator UNDERWOOD . Mr. Commissioner , on this question of ...
Page 245
... Commissioner CLARK . Undoubtedly . Senator UNDERWOOD . So , I take it that the cardinal propositions that confront the Congress in passing legislation are the regulation of the issuance of securities and the control of the system of ...
... Commissioner CLARK . Undoubtedly . Senator UNDERWOOD . So , I take it that the cardinal propositions that confront the Congress in passing legislation are the regulation of the issuance of securities and the control of the system of ...
Page 246
... Commissioner CLARK . I am not trying to discuss this as a tech- nical question of law , but I have noted that when a railroad which has been built under a State charter , created by a State franchise , defaults on its bonds , the ...
... Commissioner CLARK . I am not trying to discuss this as a tech- nical question of law , but I have noted that when a railroad which has been built under a State charter , created by a State franchise , defaults on its bonds , the ...
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Common terms and phrases
amount authority average bonds capital carriers cars cent CHAIRMAN charge Chicago coal Commissioner CLARK Commissioner WOOLLEY committee common carriers competition Congress consolidation corporation cost CUYLER Director General MCADOO dividends earnings effect Ellison D employees equipment expenses facilities Federal control freight rates Government control Government ownership increase Interstate Commerce Commission interstate rates intrastate investment issue KRUTTSCHNITT labor legislation less than carload lines locomotives matter ment mileage miles months necessary operating income passenger period present President private control public interest question R. R. Co rail Railroad Administration railroad companies railway reasonable regional regulation result revenue roads secretary of transportation Senator CUMMINS Senator GORE Senator KELLOGG Senator MCLEAN Senator POINDEXTER Senator POMERENE Senator TOWNSEND Senator UNDERWOOD Senator WATSON shippers statement terminal territory Thom THORNE tion traffic United wages
Popular passages
Page 630 - Actions at law or suits in equity may be brought by and against such carriers and judgments rendered as now provided by law; and in any action at law or suit in equity against the carrier, no defense shall be made thereto upon the ground that the carrier is an instrumentality or agency of the federal government.
Page 662 - Nothing in subsection (c) or (d) shall be construed to amend, repeal, impair, or affect existing laws or powers of the States In relation to taxation or the lawful police regulations of the several States, except wherein such laws, powers, or regulations may affect the transmission of Government communications, or the issue of stocks and bonds by any communication system or systems.
Page 631 - Railroads, claim for death or injury to person, or for loss and damage to property, arising since December 31, 1917, and growing out of the possession, use, control or operation of any railroad or system of transportation by the Director General of Railroads, which action, suit, or proceeding but for Federal control might have been brought against the carrier company, shall be brought against William G. McAdoo, Director General of Railroads, and not otherwise; provided, however, that this order shall...
Page 631 - That carriers while under federal control shall be subject to all laws and liabilities as common carriers, whether arising under state or federal laws or at common law. except in so far as may be inconsistent with the pro-visions ol this act or any other act applicable to such lederal control or with any order of the president.
Page 277 - That nothing in this act shall be construed to amend, repeal, impair, or affect the existing laws or powers of the States in relation to taxation or the lawful police regulations of the several States, except wherein such laws, powers, or regulations may affect the transportation of troops, war materials, Government supplies, or the issue of stocks and bonds.
Page 749 - 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 13 - The pay for female employees, for the same class of work, shall be the same as that of men, and their working conditions must be healthful and fitted to their needs. The laws enacted for the government of their employment must be observed.
Page 334 - No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in the past has been the desire and ability of railroad managers to engage in enterprises outside the legitimate operation of their railroads, especially by the acquisition of other railroads and their securities.
Page 424 - ... necessary or desirable for war purposes or in the public interest on or in connection with the property of any carrier. He may from said revolving fund advance to such carrier all or any part of the expense of such additions, betterments, or road extensions, and to provide terminals, motive power, cars, and other necessary equipment...
Page 762 - No railroad corporation shall issue any stock or bonds, except for money, labor or property actually received and applied to the purposes for which such corporation was created; and all stock dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation, shall be void. The capital stock of no railroad corporation shall be increased for any purpose, except upon giving sixty days' public notice, in such manner as may be provided by law.