Guaranteed Loans for Common CarriersU.S. Government Printing Office, 1958 - 168 pages |
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Common terms and phrases
100 percent 3-percent additions and betterments administration American Trucking Associations amount April 28 authority bankruptcy believe bill capital expenditures carriage centralized traffic control CHAIRMAN Committee on Interstate common carriers subject commuter competitive Congress cost economic effect enactment equipment excise tax exemption financial assistance FLYNT for-hire Foreign Commerce forms of transportation FREAS funds going GRANT guaranteed loan HALE income increase Interstate and Foreign Interstate Commerce Act Interstate Commerce Commission legislation low-cost carrier MACDONALD maturing MCGINNIS ment million modes of transportation motor carriers necessary O'HARA obligations operations OREN HARRIS passenger business passenger deficit Pennsylvania Railroad PERLMAN PINKNEY present private carriers problem proposal purchase purpose question railroad industry ratemaking recommendations regulation result revenue ROGERS Secretary of Commerce Secretary WEEKS Senate shippers situation STACK statement substantial SYMES Talgo thing tion traffic transportation industry transportation system trucks York Central York Central Railroad
Popular passages
Page 43 - ... to maintain and continue the development of air transportation to the extent and of the character and quality required for the commerce of the United States, the Postal Service, and the national defense.
Page 26 - ... all to the end of developing, coordinating, and preserving a national transportation system by water, highway, and rail, as well as other means, adequate to meet the needs of the commerce of the United States, of the Postal Service, and of the national defense. All of the provisions of this Act shall be administered and enforced with a view to carrying out the above declaration of policy.
Page 52 - Congress should give serious study to the Report of the Presidential Advisory Committee on Transport Policy and Organization.
Page 27 - ... to use service by motor vehicle to public advantage in its operations and will not unduly -restrain competition.
Page 3 - States engaged in procurement for the national defense as he may designate (hereinafter referred to as "guaranteeing agencies") , without regard to provisions of law relating to the making, performance, amendment, or modification of contracts, to guarantee in whole or in part any public or private financing institution (including any Federal Reserve bank), by commitment to purchase, agreement to share losses, or otherwise, against loss of principal or interest on any loan, discount, or advance, or...
Page 124 - This agreement further provided that this and other restrictions should apply "within the State of New Jersey and the State of New York and to be binding for a term of ten years from the date hereof.
Page 58 - Act, so administered as to recognize and preserve the inherent advantages of each; to promote safe, adequate, economical, and efficient service and foster sound economic conditions in transportation and among the several carriers...
Page 22 - Railroad presidents testifying before the Surface Transportation Subcommittee of the Senate Committee on Interstate and Foreign Commerce in January 1958 admitted that a considerable amount of maintenance work which needed to be done was being deferred.
Page 9 - Act in the financing or refinancing (1) of additions and betterments or other capital expenditures, made after January 1, 1957, or to reimburse the carrier for expenditures made from its own funds for such additions and betterments or other capital expenditures, or (2) of expenditures for the maintenance of property: Provided, That in no event shall the aggregate principal amount of all loans guaranteed by the Commission exceed $500,000,000.
Page 4 - Departments and agencies of the Federal Government shall exercise their powers, duties, and functions in such manner as will assist in carrying out the objectives of this Act.