Sayings and Writings about the Railways: By Those who Have Managed Them and Those who Have Studied Their ProblemsRailway Age Gazette, 1913 - 240 sider |
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Sayings and Writings about the Railways: By Those who Have Managed Them and ... Uten tilgangsbegrensning - 1913 |
Sayings and Writings about the Railways: By Those who Have Managed Them and ... Uten tilgangsbegrensning - 1913 |
Sayings and Writings about the Railways: By Those who Have Managed Them and ... Uten tilgangsbegrensning - 1913 |
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able rate Acworth Address at annual American railroads American Railway amount annual dinner Arbitration average bonds Bulletin Bureau of Railway bushels capital cent charge coal commodities convertible bonds corporations cost December 19 December 31 demands dividends dollars earnings efficiency Elliott employees equipment Erdman act Erie Canal Escher expenses fair Federal freight cars freight rates Government haul improvements increase industrial interest Interstate Commerce Commission investment investors June labor laws legislation locomotives manufacturing McPherson ment mileage Miles of line millions Morrissey National Civic Federation necessary North American Review operation ownership paid passenger Pennsylvania Railroad persons pounds President profit prosperity rail railroad rates Railway Age Railway Economics railway managers reasonable regulation result revenue roads shipper STATISTICS OF RAILWAYS taxes tion ton-mile track traffic will bear transportation United wages Woolworth Building York
Populære avsnitt
Side 111 - 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 Con.
Side 126 - Under pretense of regulating fares and freights, the state cannot require a railroad corporation to carry persons or property without reward ; neither can it do that which in law amounts to a taking of private property for public use without just compensation, or without due process of law.
Side 147 - We cannot secure the immense amount of capital needed unless we make profits and risks commensurate. If rates are going to be reduced whenever dividends exceed current rates of interest, investors will seek other fields where the hazard is less, or the opportunity greater. In no event can we expect railroads...
Side 27 - I have been somewhat surprised to see the space that has been given in your newspapers to the criticisms of the efficiency of your railways. It has been my opinion that in actual economy of operation the railways of the United States are first in the world. In the number of tons per car, cars per train ; in the fullest utilization of locomotives; in the obtaining of the greatest measure of result for each unit of expenditure, they are not equalled by the railways of any other nation.
Side 147 - We hear much about a reasonable return on capital. A reasonable return is one which under honest accounting and responsible management will attract the amount of investors' money needed for the development of our railroad facilities. More than this is an unnecessary public burden. Less than this means a check to railroad construction and to the development of traffic. Where the investment is secure, a reasonable return is a rate which approximates the rate of interest which prevails in other lines...
Side 97 - US 400 at 416 (1926). logical implications of this conception of depreciation, ruled that a utility could justifiably realize a return on more than the unamortized part of its investment.100 Thus, in New York Telephone Co. v. Prendergast,101 a federal court held that a company was entitled to "a reasonable return on the value of the property used at the time it is being used for the public service...
Side 86 - Where an entire system of rates is involved, the principal, if not the only question, is whether the revenue yielded by the rates on all traffic is a fair return on the value of that which is 'employed for the public convenience...
Side 111 - The property of the railroad corporation has been devoted to a public use. There is always the obligation springing from the nature of the business in which it is engaged — which private exigency may not be permitted to ignore — that there shall not be an exorbitant charge for the service rendered. But the State has not seen fit to undertake the service itself; and the private property embarked in it is not placed at the mercy of legislative caprice. It rests secure under the constitutional protection...
Side 156 - From all points of view, the experience of State Railways in France is unfavorable, as was foreseen by all those who had reflected upon the bad results given by the other industrial undertakings of the State, such as the telephones, matches, and many others.
Side 86 - ... among thousands of articles of traffic yields its proper proportion of a fair return on that value. The rate on one article of traffic may be reasonably high and the carrier fail to earn a fair return on the value of the entire property employed for the public convenience...