Interstate Commerce Commission Reports: Reports and Decisions of the Interstate Commerce Commission of the United States, Volume 124L.K. Strouse, 1927 - Interstate commerce |
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Common terms and phrases
1927 Investigation applicant's April authorized Beaumont capital stock cent gold bonds cent per annum certificate Chicago Heights coal COMMISSION DIVISION COMMISSIONERS MEYER common carrier connection construction containing its findings convenience and necessity cost of reproduction Cotton Belt County date hereof December 31 EASTMAN extension February 19 filed a report findings of fact further ordered hereby referred I. C. C. FINANCE DOCKET interstate commerce act Ironton issue June 30 K. C. Southern lease Lehigh line of railroad matters and things mature miles mortgage necessary and appropriate Northern Northern Railway O'Fallon obligation and liability operating income par value payable Port Arthur preferred stock present and future proposed public interest purchase rail Railroad Company Railway Company railway operating income Reading Company refunding mortgage report aforesaid report containing report is hereby route section 20a securities Texas things involved tion trackage rights traffic Trust Company valuation Waco Western WOODLOCK BY DIVISION
Popular passages
Page 424 - Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several states, or with foreign nations, is hereby declared to be illegal. Every person who shall make any such contract or engage in any such combination or conspiracy shall be deemed guilty of a misdemeanor...
Page 61 - In making such determination it shall give due consideration, among other things, to the transportation needs of the country and the necessity (under honest, efficient and economical management of existing transportation facilities) of enlarging such facilities in order to provide the people of the United States with adequate transportation...
Page 424 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital of two or more corporations engaged in commerce where the effect of such acquisition, or the use of such stock by the voting or granting of proxies or otherwise, may be to substantially lessen competition between such corporations, or any of them, whose stock or other share capital is so acquired, or to restrain such commerce in any section or community, or tend to create a monoply of any...
Page 6 - ... held for and used by it in the service of transportation, one-half of such excess shall be placed in a reserve fund established and maintained by such carrier, and the remaining one-half thereof shall, within the first four months following the close of the period for which such computation is made, be recoverable by and paid to the Commission for the purpose of establishing and maintaining a general railroad contingent fund as hereinafter described.
Page 271 - Commission and to the general public by not less than 30 days' filing and posting in the manner prescribed in Section 6 of the Interstate Commerce Act...
Page 23 - Act, in so far as deemed by it available, and shall give due consideration to all the elements of value recognized by the law of the land for ratemaking purposes, and shall give to the property investment account of the carriers only that consideration which under such law it is entitled to in establishing values for rate-making purposes.
Page 424 - That no corporation engaged in commerce shall acquire directly or indirectly, the whole or any part of the stock or other share capital of another corporation engaged also in commerce, where the effect of such acquisition may be to substantially lessen competition between the corporation whose stock is so acquired and the corporation making the acquisition, or to restrain such commerce in any section or community, or tend to create a monopoly of any line of commerce.
Page 48 - It is a maxim not to be disregarded that general expressions, in every opinion, are to be taken in connection with the case in which those expressions are used. If they go beyond the case, they may be respected, but ought not to control the judgment in a subsequent suit when the very point is presented for decision.
Page 24 - 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.
Page 24 - We hold, however, that the basis of all calculations as to the reasonableness of rates to be charged by a corporation maintaining a highway under legislative sanctions must be the fair value of the property being used by it for the convenience of the public.