...ills. The commission said : No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in...outside the legitimate operation of their railroads — There we have another cause of impaired financial credit — especially by the acquisition of other...

...1913, and I quote this : No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in...of other railroads and their securities. The evil wliich results, first, to the investing public, and, finally, to the general public, can not be corrected...

...investments was a continuing one. This record fully supports our statement in the above report that "the evil which results, first to the investing public,...corrected after the transaction has taken place." It also may be well to take this occasion to point out that the New Haven is not the only carrier which...

...national application. "No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in...investing public, and, finally, to the general public cannot be corrected after the transaction has taken place; it can be easily and effectively prohibited....

...of national application. No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in...investing public, and finally,, to the general public, cannot be corrected after the transaction has taken place; it oan be easily and effectively prohibited....

...investments was a continuing one. This record fully rapports our statement in the above report that "the evil which results, first to the investing public,...corrected after the transaction has taken place." * •*•«*• Amendments have been added to the regulatory statutes since the first of the above-quoted...

...certain carriers. The theme of its diagnosis of the railroad problem was that "a must prolific source of financial disaster and complication to railroads in...acquisition of other railroads and their securities." ll/ It was to cure this evil tiiat the Commission recommended that "every interstate railroad should...

...certain carriers. The theme of its diagnosis of the railroad problem was that "a must prolific source of financial disaster and complication to railroads in the past has been the desirs and ability of railroad managers to angage in enterprises outside the legitimate operation of...

...of national application. No student of the railroad problem can doubt that a moat prolific source of financial disaster and complication to railroads in...of their railroads, especially by the acquisition - 8 of oth«r railroads and their securities. The evil which results, first, to the investing public,...

...of national application. No student of the railroad problem can doubt that a most prolific source of financial disaster and complication to railroads in...desire and ability of railroad managers to engage in inter pi i sea outside the legitimate operation of their railroads, especially by the acquisition -...