Transportation Rates of Common Carriers: Hearings...on S. 91, S. 1227, S. 1919, and S. 2951 |
Common terms and phrases
aggregate value amount Association average Baldwin Locomotive basis BLEDSOE CAIN capital carriers cars cent CHAIRMAN Chamber of Commerce charges Chicago Class I railroads Commissioner Mc MANAMY committee commodities common carriers Congress cost COWAN earn economic efficiency ELLIOTT Ellison D equipment excess expenditures facilities fact fair return farmers Federal control fixed freight rates going Government guaranty increase industry interstate commerce act Interstate Commerce Commission JOHNSON Kansas labor legislation lines locomotives matter ment months National operating expenses Pacific passenger percentage period president question rail railroads railway operating income rate of return reasonable recapture reduction regulation repairs repeal respondent's result revenue roads Savings Bank section 15a securities Senator CUMMINS Senator FESS Senator HOWELL Senator PITTMAN shippers shops short-line railroads statement THOM tion traffic transportation act treasurer United valuation western WILLARD York
Popular passages
Page 515 - ... authority to inquire into the management of the business of all common carriers subject to the provisions of this act, and shall keep itself informed as to the manner and method in which the same is conducted, and shall have the right to obtain from such common carriers full and complete information necessary to enable the commission to perform the duties and carry out the objects for which it was created...
Page 4 - Commission may from time to time designate) will, under honest, efficient and economical management and reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, as nearly as may be, to a fair return upon the aggregate value of the railway property of such carriers held for and used in the service of transportation...
Page 531 - ... a greater or less compensation for any service rendered, or to be rendered, in the transportation of passengers or property, subject to the provisions of this Act, than it charges, demands, collects, or receives from any other person or persons for doing for him or them a like and contemporaneous service in the transportation of a like kind of traffic under substantially similar circumstances and conditions, such common carrier shall be deemed guilty of unjust discrimination, which is hereby...
Page 649 - The property is held in private ownership and it is that property, and not the original cost of it, of which the owner may not be deprived without due process of law.
Page 153 - In the exercise of its power to prescribe just and reasonable rates the Commission shall give due consideration, among other factors, to the effect of rates on the movement of traffic...
Page 515 - ... keep itself informed as to the manner and method in which the same is conducted, and shall have the right to obtain from such common carriers full and complete information necessary to enable the Commission to perform the duties and carry out the objects for which it was created ; and for the purposes of this act...
Page 282 - In so prescribing and determining the divisions of joint rates, fares and charges, the Commission shall give due consideration, among other things, to the efficiency with which the carriers concerned are operated, the amount of revenue required to pay their respective operating expenses, taxes, and a fair return on their railway property held for and used in the service of transportation...
Page 149 - ... aggregate annual net railway operating income equal, as nearly as may be, to a fair return upon the aggregate value of the railway property of such carriers held for and used in the service of transportation: Provided, That the Commission shall have reasonable latitude to modify or adjust any particular rate which it may find to be unjust or unreasonable, and to prescribe different rates for different sections of the country.
Page 4 - It available and shall give due consideration to all the elements of value recognized by the law of the land for rate-making purposes...
Page 217 - ... to make provision in whole or in part for improvements, betterments or equipment, which, according to the accounting system prescribed by the Commission, are chargeable to capital account.