Investigation of Railroads, Holding Companies, Affiliated Companies and Related Matters: Hearings Before a Subcommittee of the Committee on Interstate Commerce, United States Senate, Seventy-fourth Congress, Second Session[-Seventy-fifth Congress, Third Session] Pursuant to S. Res. 71 (74th Congress), Authorizing an Investigation of Interstate Railroads and Affiliates with Respect to Financing, Reorganizations, Mergers, and Certain Other Matters, Parts 20-22U.S. Government Printing Office, 1937 |
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Common terms and phrases
acquired acquisition Alleghany Corporation amount appendix application audit balance sheet bank capital stock cash Chairman Chesapeake Cleveland committee common stock connection consolidation contracts current assets dated December 31 dividends equipment fact filed Finance FITZPATRICK funded debt Gold Bonds Guaranty Trust Guaranty Trust Co Gulf Coast Lines hearing HILMER holding companies included interest International-Great Northern Railroad Interstate Commerce Commission investment J. P. Morgan KAPLAN loan Louis LOWENTHAL marked Exhibit matter memorandum Mexico Railway Company Missouri Pacific Railroad Missouri Pacific Transportation mortgage bonds MURPHY Nickel Plate North Kansas City Northern Railroad Company Ohio operating Orleans Pacific Railroad Company paid pany payable percent preferred stock Price properties Public Service Commission purchase question reading from Exhibit recall record road securities Senator TRUMAN special deposit statement stockholders Terminal Shares testimony Texas & Mexico tion traffic TRUITT Vaness voting Waterhouse Western William Wyer
Popular passages
Page 4917 - 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...
Page 4898 - Commission, as provided in subdivision (b) — (i) For two or more carriers to consolidate or merge their properties or franchises, or any part thereof* into one corporation for the ownership, management, and operation of the properties theretofore in separate ownership...
Page 4915 - In compliance with the mandate of paragraph (4) of section 5 of the act, on August 3, 1921, we promulgated a tentative plan for the consolidation of the railway properties of the United States into a limited number of systems.
Page 4903 - ... authority to the continuing operation of previous contracts, would be to place, to this extent, the regulation of interstate commerce in the hands of private individuals and to withdraw from the control of Congress so much of the field as they might choose by prophetic discernment to bring within the range of their agreements. The Constitution recognizes no such limitation. It is of the essence of the delegated power of regulation that, within its sphere, Congress should be able to establish...
Page 5350 - Association and all meetings of the Board of Directors and of the Executive Committee, shall...
Page 5446 - SPECIAL MEETINGS. Special meetings of the Board of Directors may be called by the President or by any three Directors.
Page 4922 - Commission shall make such order only if it finds that such issue or assumption: (a) is for some lawful object within its corporate purposes, and compatible with the public interest, which is necessary or appropriate for or consistent with the proper performance by the carrier of service to the public as a common carrier, and which will not impair its ability to perform that service, and (b) is reasonably necessary and appropriate for such purpose.
Page 5350 - The president. — The president shall be the chief executive officer of the corporation and shall have general supervision over the business of the corporation and over its several officers, subject, however, to the control of the board of directors and of the executive committee.
Page 4895 - ... however such result is attained, whether directly or indirectly, by use of common directors, officers, or stockholders, a holding or investment company or companies, a voting trust or trusts, or in any other manner whatsoever. It shall be unlawful to continue to maintain control or management accomplished or effectuated after the enactment of this amendatory paragraph and in violation of its provisions. As used in this paragraph and paragraph (5), the words "control or management...
Page 4814 - After a careful consideration of all of the evidence in this case, the Commission is of the opinion and finds that: (1) The Commission has jurisdiction of the parties and the subject matter.