Railroad Revenues and Expenses: October 13 and 15, November 25-December 3, 1921
U.S. Government Printing Office, 1921
V.4: Focuses on railroad employee-management relations during period of Federal control.
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actual additional amount application average basis bonds capital capital stock carriers cars cent Central CHAIRMAN charges chart Chicago claim coal committee compensation condition construction corporation cost directors dividends earnings effect employees entire equipment expenditures fact Federal control figures freight give Government greater guaranty Haven holding important included income increase interest Interstate Commerce Commission investment account issued labor leases less lines locomotives Maine maintenance March material matter means ment miles months officials Ohio operating expenses operating revenues organization Pacific paid Pennsylvania period practically present president property investment purchase question rail railroads railway reason received record relation represented result roads says securities Senator LA FOLLETTE shown statement statistics Steel stockholder supplies tion traffic transportation United wages WARNE York
Side 1389 - That no corporation engaged in commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital...
Side 1381 - ... unless and until, and then only to the extent that, upon application by the carrier, and after investigation by the commission of the purposes and uses of the proposed issue and the proceeds thereof, or of the proposed assumption of obligation or liability in respect of the securities of any otherperson,natural or artificial, the commission by order authorizes such issue or assumption.
Side 1389 - ... company so aiding in such construction or from acquiring or owning all or any part of the stock of such branch lines, nor to prevent any such common carrier from acquiring and owning all or any part of the stock of a branch or short line constructed by an independent company where there is no substantial competition between the company owning the branch line so constructed and the company owning the main line acquiring the property or an interest therein...
Side 1381 - That as used in this section the term "carrier" means a common carrier by railroad (except a street, suburban, or interurban electric railway which is not operated as a part of a general steam railroad system of transportation...
Side 1389 - ... where there is no substantial competition between the company owning the branch line so constructed and the company owning the main line acquiring the property or an interest therein, nor to prevent such common carrier from extending any of its lines through the medium of the acquisition of stock or otherwise of any other...
Side 1462 - No railroad, canal or other transportation company, in existence at the time of the adoption of this article, shall have the benefit of any future legislation by general or special laws, except on condition of complete acceptance of all the provisions of this article.
Side 1460 - The ascertainment of that value is not controlled by artificial rules. It is not a matter of formulas, but there must be a reasonable judgment, having its basis in a proper consideration of all relevant facts.
Side 1389 - ... for the actual carrying on of their immediate lawful business, or the natural and legitimate branches or extensions thereof, or from owning and holding all or a part of the stock of such subsidiary corporations, when the effect of such formation is not to substantially lessen competition.