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" ... so that carriers as a whole (or as a whole in each of such rate groups or territories as the Commission may from time to time designate) will, under honest, efficient and economical management and reasonable expenditures for maintenance of way, structures... "
Railroad Consolidation, Hearings Before ... , 69-1, May 24, 25, 26, 27; June ... - Page 166
by United States. Congress. House. Committee on Interstate and Foreign Commerce - 1926 - 514 pages
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Supplemental Digest of Decisions Under the Interstate Commerce Act ...

Herbert Confield Lust - 1923 - 1054 pages
...the Interstate Commerce Act, to increase their freight revenues to a basis that will enable them to earn an aggregate annual net railway operating income equal, as nearly as may be, to 6 per cent upon the aggregate value of the railway property of such carriers held for and used in the...
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United States Congressional Serial Set, Issue 8171

1923 - 1394 pages
...the interstate commerce act has been granted; and d Other increases or decreases, properly affecting the aggregate value of the railway property of such carriers held for and ueed in the service of transportation, claimed or reported by the ramer and supported by detailed explanations....
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Commerce Yearbook, Volume 1

United States. Bureau of Foreign and Domestic Commerce - 1923 - 724 pages
...COMMODITIES CLASS 1 ROADS BY QUARTERS 1920-1922 CHART in.— For numerical data, see Table 3. 1. That a fair return upon the aggregate value of the railway property of the carriers defined in section 15a of the interstate commerce act should be, on and after March 1,...
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Engineering Economics: First Principles

John Charles Lounsbury Fish - 1923 - 338 pages
...reasonable management the railroads can "earn an aggregate annual net railway operating income equal ... to a fair return upon the aggregate value of the railway property . . . ." The Act fixes 5>£% as the fair return till March 1, 1921. 1103. Towns and cities have from...
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Shipper and Carrier, Volume 4

1923 - 614 pages
...economical management and reasonable expenditures for maintenance of way, structures and equipment earn an aggregate annual net railway operating income equal, as nearly as таз' be, to a fair return upon the aggregate value of the railway property of such carriers held...
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Omnibus Transportation Bill: Hearings Before the Committee on ..., Part 2

United States. Congress. House. Committee on Interstate and Foreign Commerce - 1939 - 974 pages
...maintenance of way, structures, and equipment, earn an aggregate annual railway operating income * * * to a fair return upon the aggregate value of the railway property." There then followed the provisions for the recapture clause which the Supreme Court held to be unconstitutional....
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The Interstate Commcerce Act: Together with Text of Supplmentary Acts and ...

United States - 1939 - 952 pages
...maintenance of way, structures and equipment, earn an aggregate annual net railway operating Income * * * to a fair return upon the aggregate value of the railway property * * *. There then followed the provisions for the recapture clause which the Supreme Court held to...
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Hearings, March 7-10, 14-17, 21-24, 26, 29-30, 1939

United States. Congress. House. Committee on Interstate and Foreign Commerce - 1939 - 958 pages
...maintenance of way, structures, and equipment, earn an aggregate annual railway operating income * * * to a fair return upon the aggregate value of the railway property." There then followed the provisions for the recapture clause which the Supreme Court held to he unconstitutional....
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Transportation and National Policy: May, 1942, Part 1, Volume 1

United States. National Resources Planning Board. Advisory Committee for the Transportation Study - 1942 - 540 pages
...economical management and reasonable expenditures for maintenance of way, structures, and equipment, earn an aggregate annual net railway operating income...of such carriers held for and used in the service of transportation." Thus, the Smyth v. Ames rule of the courts was adopted by the legislative branch...
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Interstate Commerce Act of 1943 (regulation of Rate Bureaus ..., Volumes 1-2

United States. Congress. Senate. Committee on Interstate Commerce - 1943 - 1290 pages
...* * * rates so that carriers * * ' will * * * earn an aggregate * * * net * * * income equal * * * to a fair return upon the aggregate value of the railway property * * * used in the service of transportation. As a corollary, Congress included a so-called recapture...
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