Abandonment of Railroad Lines: Hearings Before a Subcommittee of the Committee on Interstate Commerce, United States Senate, Seventy-eighth Congress, Second Session, on S. 1489, a Bill to Establish Additional Standards and to Declare the Policy of the Congress with Respect to the Abandonment of Railroad Lines. May 2, 3, and 4, 1944 ...

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U.S. Government Printing Office, 1944 - 198 pages
 

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Page 198 - In its order of approval the Commission shall include terms and conditions providing that during the period of four years from the effective date of such order such transaction will not result in employees of the carrier or carriers by railroad affected by such order being in a worse position...
Page 132 - Act over or by means of such additional or extended line of railroad, unless and until there shall first have been obtained from the Commission a certificate that the present or future public convenience and necessity require or will require the construction, or operation, or construction and operation, of such additional or extended line...
Page 13 - ... a fair return upon the value of the property used and useful in the business. The order complained of does not deal with rates.
Page 135 - ... (3) consecutive weeks in some newspaper of general circulation in each county in which any part of the line of railroad sought to be abandoned...
Page 15 - One way is by excessive expenditures from the common fund in the local interest, thereby lessening the ability of the carrier properly to serve interstate commerce. Expenditures in the local interest may be so large as to compel the carrier to raise reasonable interstate rates, or to abstain from making an appropriate reduction of such rates, or to curtail interstate service, or to forego facilities needed in interstate commerce. Likewise, excessive local expenditures may so weaken the financial...
Page 12 - ... where it is established that a commodity, or a class of traffic, has been segregated and a rate imposed which would compel the carrier to transport it for less than the proper cost of transportation, or virtually at cost, and thus the carrier would be denied a reasonable reward for its service after taking into account the entire traffic to which the rate applies, It must be concluded that the state has exceeded its authority.
Page 12 - US 300, 309 (1929) ("The primary duty of a public utility is to serve on reasonable terms all those who desire the service it renders. This duty does not permit it to pick and choose and to serve only those portions of the territory which it finds most profitable.
Page 197 - ... and that all such statements made and matters set forth therein are true and correct to the best of his knowledge, information and belief.
Page 12 - ... every mile, section or other part into which the road might be divided, nor attack as unjust a regulation which fixed a rate at which some such part would be...
Page 13 - This is true even where the system as a whole fails to earn a fair return upon the value of the property. So far as appears, this company is at liberty to surrender its franchise and discontinue operations throughout the city. It cannot, in the absence of contract, be compelled to continue to operate its system at a loss, (Brooks-Scanlon Co.

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