Proceedings of a National Convention of Railroad Commissioners, Volum 11

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Interstate Commerce Commission, 1899
 

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Del 22
163
Del 23
181
Del 24
182
Del 25
183
Del 26
184

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Side 84 - Said commission shall have the power to establish rates of charges for the transportation of passengers and freight by railroads and other transportation companies...
Side 140 - President of the United States, to the President of the Senate and Speaker of the House of Representatives of the United States, to each Member of Congress from the State of Washington, and to the Secretary of the Department of the Interior.
Side 59 - It is therefore obvious, that, when you have ascertained the current cash value of the whole funded debt, and the current cash value of the entire number of shares, you have, by the action of those who above all others can best estimate it, ascertained the true value of the road, all its property, its capital stock, and its franchises; for these are all represented by the value of its bonded debt and of the shares of its capital stock.
Side 84 - In all controversies, civil or criminal, the rates of fares and freights established by said commission shall be deemed conclusively just and reasonable...
Side 84 - ... transportation companies, to send for persons and papers, to administer oaths, take testimony, and punish for contempt of their orders and processes, in the same manner and to the same extent as courts of record, and enforce their decisions and correct abuses through the medium of the courts; shall prescribe a uniform system of accounts to be kept by all such corporations and companies.
Side 113 - The corporation may not be required to use its property for the benefit of the public without receiving just compensation for the services rendered by it.
Side 158 - The commission was established to protect the public against the improper practices of transportation companies engaged in commerce among the several states. It has been left, it is true, with power to make reports and to issue protests. but it has been shorn by judicial interpretation of authority to do anything of an effective character.
Side 157 - That railroads often refuse to recognize or be responsible for the acts of dishonest agents acting under their authority. 13. That the common law fails to afford a remedy for such grievances, and that in cases of dispute the shipper is compelled to submit to the decision of the railroad manager or pool commissioner or run the risk of incurring further losses by greater discriminations.
Side 157 - That the effect of the prevailing policy of railroad management is, by an elaborate system of secret rates, rebates, drawbacks, and concessions, to foster monopoly, to enrich favored shippers, and to prevent free competition in many lines of trade in which the item of transportation is an important factor. 8. That such favoritism and secrecy introduce an element of uncertainty into legitimate business that greatly retards the development of our industries and commerce.
Side 50 - Tariffs are disregarded, discriminations constantly occur, the price at which transportation can be obtained is fluctuating and uncertain. Railroad managers are distrustful of each other, and shippers all the while in doubt as to the rates secured by their competitors. The volume of...

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