Consolidation of RailroadsA discussion of the various plans proposed as a result of the consolidation clause of the Transportation Act of 1920. |
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Baltimore and Ohio Boston and Maine Brazos Valley Brief Burlington carriers Central Pacific Chicago Chicago and St Clinchfield coal Colorado Southern competition consolida Denver and Rio Denver City earnings east Eastern economies England favor federal final plan Fort Worth freight Frisco gateways government ownership grouping Gulf Coast Lines Gulf ports Haven hearings Ibid Illinois Central included in system Interstate Commerce Commission Kansas City Southern Lehigh Louis ment mileage Mississippi river Missouri Pacific Missouri river Nickel Plate Norfolk Northern operation Pacific system Paul problem Professor Ripley proposed rail railroad companies rates Record region Ripley recommends Rock Island routes and channels Santa Fé Santa Fé system South Southern Pacific Southern Pacific-Rock Island Southwest Southwestern statute strong roads suggested tentative plan terminal territory Texas tion traffic transcontinental Transportation Act trunk lines trunk-line Union Pacific weak lines weak roads Western Pacific Worth and Denver York Central
Popular passages
Page 1 - Commission shall as soon as practicable prepare and adopt a plan for the consolidation of the railway properties of the continental United States into a limited number of systems.
Page 3 - The bonds at par of the corporation which is to become the owner of the consolidated properties, together with the outstanding capital stock at par of such corporation, shall not exceed the value of the consolidated properties as determined by the Commission.
Page 7 - Control, requested by the House Committee on Interstate and Foreign Commerce and the Senate Committee on Labor and Public Welfare, and a second •tudy concerning long-term care at the request of the House Committee on Ways and Means.
Page 3 - ... of the time and place for a public hearing. If after such hearing the Commission finds that the public interest will be promoted by the consolidation...
Page 2 - ... into one corporation for the ownership, management, and operation of the properties theretofore in separate ownership ; or for any carrier, or two or more carriers jointly, to purchase, lease, or contract to operate the properties, or any part thereof, of...
Page 1 - Subject to the foregoing requirements, the several systems shall be so arranged that the cost of transportation as between competitive systems and as related to the values of the properties through which the service is rendered shall be the same, so far as practicable, so that these systems can employ uniform rates in the movement of competitive traffic and under efficient management earn substantially the same rate of return upon the value of their respective railway properties.
Page 3 - ... (b) Whenever a consolidation merger, purchase, lease, operating contract, or acquisition of control is proposed under subdivision (a), the carrier or carriers or corporation seeking authority therefor shall present an application to the commission, and thereupon the commission shall notify the governor of each State...
Page 12 - To this end there should be provision for (1) the prompt merger without friction of all the carriers' lines, facilities, and organizations into a continental and unified system in time of stress or emergency; (2) merger within proper limits of the carriers...
Page 165 - Theretofore, the effort of Congress had been directed mainly to the prevention of abuses; particularly, those arising from excessive or discriminatory rates.
Page 12 - Whatever line of policy is determined upon, the fundamental aim or purpose should be to secure transportation systems that will be adequate for the nation's needs even in time of national stress or peril and that will furnish to the public safe, adequate, and efficient transportation at the lowest cost consistent with that service. To this end there should be provision for (1) the prompt merger without friction of all the carriers...