Consolidation of Railway Properties: Hearings...on S. 1870... |
Common terms and phrases
amendment AMSTER application approval authority CAIN capital cars CHAIRMAN Class I railroads Commissioner EASTMAN Commissioner HALL committee competition Congress consolidation or unification corporation court demnation district earnings effect fair return freight HARRIS hearing holders Interest charges interstate commerce act Interstate Commerce Commission Investment in road matter miles Milwaukee & St Operating ratio Pacific paragraph petition present public interest question R. R. Co rail railroads railway operating income railway properties Rate of return ratio per cent require return per cent road and equipment Secretary HOOVER Senator BROOKHART Senator COUZENS Senator CUMMINS Senator Cummins's bill Senator FERNALD Senator HOWELL Senator PITTMAN Senator SACKETT Senator SMITH Senator WHEELER short-line railroads suggestion thing THOM tion Total operating expenses Total operating revenues traffic transportation act United valuation weak lines weak roads Western York Central
Popular passages
Page 64 - Such rates, fares, charges, classifications, regulations, and practices shall be observed while in effect by the carriers parties to such proceeding affected thereby, the law of any State or the decision or order of any State authority to the contrary notwithstanding.
Page 77 - 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 125 - That the Commission may conduct its proceedings in such manner as will best conduce to the proper dispatch of business and to the ends of justice.
Page 64 - UNITED STATES SENATE, COMMITTEE ON INTERSTATE COMMERCE, . Washington, DC The committee met, pursuant to adjournment on yesterday, at 10 am, in room 414, Senate Office Building, Senator Burton K.
Page 125 - Said commission may from time to time make or amend such general rules or orders as may be requisite for the order and regulation of proceedings before it, including forms of notices and the service thereof, which shall conform, as nearly as may be, to those in use in the courts of the United States.
Page 140 - That it shall be unlawful for any common carrier subject to the provisions of this act to enter into any contract, agreement, or combination with any other common carrier or carriers for the pooling of freights of different and competing railroads, or to divide between them the aggregate or net proceeds of the earnings of such railroads, or any portion thereof...
Page 5 - The practice, pleadings, forms, and modes of proceeding in civil causes, other than equity and admiralty causes in the Circuit and District Courts, shall conform, as near as may be, to the practice, pleadings, and forms and modes of proceeding, existing at the time in like causes in the courts of record of the State, within which such Circuit or District Courts are held, any rule of the court to the contrary notwithstanding.
Page 52 - Commission, will be in the interest of better service to the public, or economy in operation, and will not unduly restrain competition...
Page 6 - Act, that the acquisition, to the extent indicated by the Commission, by one of such carriers of the control of any other such carrier or carriers either under a lease or by the purchase of stock or in any other manner not involving the consolidation of such carriers into a single system for ownership and operation...
Page 58 - Commission may from time to time designate) will, under honest, efficient and economical management and reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, as nearly as may be, to a fair return upon the aggregate value of the railway property of such carriers held for and used in the service of transportation...