Five Per Cent Case: Letters from the Chairman of the Interstate Commerce Commission, Transmitting, in Response to a Senate Resolution of March 23, 1914, a Copy of All Evidence Introduced and All Exhibits Received at Hearings Before the Interstate Commerce Commission in Docket Number 5860, Volumes 7-8

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U.S. Government Printing Office, 1915
 

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Page 6386 - ... unjust or unreasonable or unjustly discriminatory, or unduly preferential or prejudicial or otherwise in violation of any of the provisions of this act...
Page 6377 - That in time of war or threatened war preference and precedence shall, upon the demand of the President of the United States, be given over all other traffic for the transportation of troops and material of war, and carriers shall adopt every means within their control to facilitate and expedite the military traffic.
Page 6386 - Commission find the same to exist, and shall not thereafter publish, demand, or collect any rate or charge for such transportation in excess of the maximum rate or charge so prescribed, and shall conform to the regulation or practice so prescribed.
Page 6385 - ... subject to the two leading prohibitions that their charges shall not be unjust or unreasonable, and that they shall not unjustly discriminate, so as to give undue preference or disadvantage to persons or traffic similarly circumstanced...
Page 6137 - We have entirely lost the idea that any undertaking likely to pay, and seen to be likely, can perish for want of money ; yet no idea was more familiar to our ancestors, or is more common now in most countries.
Page 6292 - In case a rehearing is granted the proceedings thereupon shall conform as nearly as may be to the proceedings in an original hearing, except as the Commission may otherwise direct...
Page 6386 - ... persons or traffic similarly circumstanced, the act to regulate commerce leaves common carriers as they were at common law, free to make special contracts looking to the increase of their business, to classify their traffic, to adjust and apportion their rates so as to meet the necessities of commerce, and generally to manage their important interests upon the same principles which are recognized as sound, and adopted in other trades and pursuits.
Page 6292 - It shall be the duty of every common carrier, its agents and employees, to observe and comply with such orders so long as the same shall remain in effect.
Page 6385 - It must be remembered that railroads are the private property of their owners; that while from the public character of the work in which they are engaged the public has the power to prescribe rules for securing faithful and efficient service and equality between shippers and communities, yet in no proper sense is the public a general manager.
Page 6152 - ... money needed for the development of our railroad facilities. More than this is an unnecessary public burden. Less than this means a check to railroad construction and to the development of traffic. Where the investment is secure, a reasonable return is a rate which approximates the rate of interest which prevails in other lines of industry. Where the future is uncertain the investor demands, and is justified in demanding, a chance of added profit to compensate for his risk. We cannot secure the...

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