Principles of Railway TransportationMacmillan, 1924 - 607 sider |
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Side 13
... less than they should be , and sometimes to the fact that the shares of common stock are more numerous than they should be . The first explanation is likely to be offered by the rail- road officials and the railroad stockholders ; the ...
... less than they should be , and sometimes to the fact that the shares of common stock are more numerous than they should be . The first explanation is likely to be offered by the rail- road officials and the railroad stockholders ; the ...
Side 14
... less commonly , a preference in voting power . Each of these preferences may be briefly described . ( 1 ) The most characteristic privilege enjoyed by preferred stock is that its holders are entitled to a definite dividend before the ...
... less commonly , a preference in voting power . Each of these preferences may be briefly described . ( 1 ) The most characteristic privilege enjoyed by preferred stock is that its holders are entitled to a definite dividend before the ...
Side 17
... less than the par values of the outstanding preferred and common stocks . In the absence of any stipulations giving the preferred stockholders a prior claim , the assets would be distributed equally between the preferred and the common ...
... less than the par values of the outstanding preferred and common stocks . In the absence of any stipulations giving the preferred stockholders a prior claim , the assets would be distributed equally between the preferred and the common ...
Side 18
... less than the dividend rate on preferred stock ; yet the danger here is that a period of industrial depression may make it impossible for the railroad to meet its interest obligations , and if the railroad property is seized by the ...
... less than the dividend rate on preferred stock ; yet the danger here is that a period of industrial depression may make it impossible for the railroad to meet its interest obligations , and if the railroad property is seized by the ...
Side 19
... less now than it was a generation ago . BONDS AND NOTES Bonds and notes do not differ in any important respect except in the length of the period during which they run . The security is designated a bond when it does not mature for a ...
... less now than it was a generation ago . BONDS AND NOTES Bonds and notes do not differ in any important respect except in the length of the period during which they run . The security is designated a bond when it does not mature for a ...
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Populære avsnitt
Side 267 - What the company is entitled to ask is a fair return upon the value of that which it employs for the public convenience. On the other hand, what the public is entitled to demand is that no more be exacted from it for the use of a public highway than the services rendered by it are reasonably worth.
Side 195 - Property does become clothed with a public interest when used in a manner to make it of public consequence, and affect the community at large. When, therefore, one devotes his property to a use in which the public has an interest, he, in effect, grants to the public an interest in that use, and must submit to be controlled by the public for the common good, to the extent of the interest he has thus created.
Side 208 - Wherever the interstate and intrastate transactions of carriers are so related that the government of the one involves the control of the other, it is Congress, and not the State, that is entitled to prescribe the final and dominant rule, for otherwise Congress would be denied the exercise of its constitutional authority and the State, and not the Nation, would be supreme within the national field.
Side 199 - The question of the reasonableness of a rate of charge for transportation by a railroad company, involving, as it does, the element of reasonableness both as regards the company and as regards the public, is eminently a question for judicial investigation, requiring due process of law for its determination.
Side 305 - Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repairs but for making good the depreciation and replacing the parts of the property when they come to the end of their life.
Side 196 - In countries where the common law prevails, it has been customary from time immemorial for the legislature to declare what shall be a reasonable compensation under such circumstances, or, perhaps more properly speaking, to fix a maximum beyond which any charge made would be unreasonable The controlling fact is the power to regulate at all.
Side 206 - The authority of Congress extends to every part of interstate commerce, and to every instrumentality or agency by which it is carried on ; and the full control by Congress of the subjects committed to its regulation is not to be denied or thwarted by the commingling of interstate and intrastate operations.
Side 520 - It shall be unlawful for any person employed in the executive branch of the Federal Government, or any agency or department thereof, to use his official authority or influence for the purpose of interfering with an election or affecting the result thereof. No officer or employee in the executive branch of the Federal Government, or any agency or department thereof, shall take any active part in political management or in political campaigns.
Side 305 - The company is not bound to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value of the property invested is kept unimpaired, so that at the end of any given term of years the original investment remains as it was at the beginning.
Side 218 - That it shall be unlawful for any common carrier subject to the provisions of this Act to charge or receive any greater compensation in the aggregate for the transportation of passengers or of like kind of property, under substantially similar circumstances and conditions, for a shorter than for a longer distance over the same line, in the same direction, the shorter being included within the longer distance...