Interstate Commerce Commission Reports: Reports and Decisions of the Interstate Commerce Commission of the United States, Volume 180L.K. Strouse, 1932 |
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Common terms and phrases
abandonment acquisition additions and betterments Alpena applicant's authorized Boyne Falls branch capital stock cars cent bonds cent gold bonds cent per annum certificate Chicago collateral security COMMISSION DIVISION COMMISSIONERS MEYER common carrier construction containing its findings convenience and necessity Cotton Belt County date hereof December 31 estimated expenditures February February 19 first-mortgage freight further ordered hereby referred I. C. C. FINANCE DOCKET interstate commerce act issue January June 30 lease line of railroad loan Louis lumber MAHAFFIE BY DIVISION matters and things mature miles Missouri Pacific Railroad mortgage mortgage bonds payable payment period pledge and repledge principal amount proposed purposes rail Railroad Company Railway Company railway operating income Reconstruction Finance Corporation refunding mortgage report aforesaid report is hereby revenues Rock Island San Angelo section 20a Southern Pacific Texas thereof things involved tion trackage rights traffic Trust Company valuation Western York Central Railroad
Popular passages
Page 403 - The commission is not the financial manager of the corporation and it is not empowered to substitute its judgment for that of the directors of the corporation; nor can it ignore items charged by the utility as operating expenses unless there is an abuse of discretion in that regard by the corporate officers.
Page 197 - Commission shall as soon as practicable prepare and adopt a plan for the consolidation of the railway properties of the continental United States into a limited number of systems.
Page 426 - Commission and to the general public by not less than 30 days' filing and posting in the manner prescribed in Section 6 of the Interstate Commerce Act...
Page 197 - Subject to the foregoing requirements, the several systems shall be so arranged that the cost of transportation as between competitive systems and as related to the values of the properties through which the service is rendered shall be the same, so far as practicable, so that these systems can employ uniform rates in the movement of competitive traffic and under efficient management earn substantially the same rate of return upon the value of their respective railway properties.
Page 404 - While the protection of vested rights of property is a supreme duty of the courts, it has not come to this, that the legislative power rests subservient to the discretion of any railroad corporation which may, by exhorbitant and unreasonable salaries, or in some other improper way, transfer its earnings into what it is pleased to call 'operating expenses.
Page 206 - International shall maintain and keep open all routes and channels of trade via existing junctions and gateways, unless and until otherwise authorized by us.
Page 197 - In the division of such railways Into such systems under such plan, competition shall be preserved as fully as possible and wherever practicable the existing routes and channels of trade and commerce shall be maintained.
Page 404 - ... their services, but having no substantial relation to the measure of their services and being utterly disproportioned to their value, are not in reality payment for services, and cannot be regarded as1 'ordinary and necessary expenses...
Page 95 - The Baltimore & Ohio Railroad Company, The Chesapeake & Ohio Railway Company, The Cincinnati, New Orleans & Texas Pacific Railway Company, The Cleveland, Cincinnati, Chicago & St. Louis Railway Company, Norfolk & Western Railway Company, and The Pennsylvania Railroad Company, covers principal, interest and sinking fund payments. Amount of Bonds Outstanding December 31, 1948: Series "E...
Page 51 - May 31, 1923, upon notice to this Commission and to the general public by not less than 30 days...