Railroad Consolidation: Hearings Before the Committee on Interstate and Foreign Commerce, House of Representatives, Seventieth Congress, First Session, on H.R. 5641, a Bill to Promote the Unification of Carriers Engaged in Interstate Commerce and for Other Purposes. December 19, 20, 1927, January 6, 19, 20, 24, 25, 26, 27, 31, Februrary 1, 2, 3, 7, 8, 9, and 10, 1928U.S. Government Printing Office, 1928 - 461 páginas |
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acquired acquisition amendment antitrust laws application approval authority board of directors BURTNESS CAIN carrier corporation cent CHAIRMAN charter clause Colonel Thom commis committee condemnation Congress consent consider consolidation corporation course court of equity DENISON dissenting stockholders effect eminent domain existing Federal FULBRIGHT GARBER give going HALL hearing Hell Gate Bridge HOCH holders HUDDLESTON interstate commerce act Interstate Commerce Commission language LAROE lease legislation MAPES matter mean merger miles NELSON NEWTON operation Pacific paragraph Parker bill preserve proposed provision public interest Purchase of stock purpose question R. R. Co railway rates RAYBURN reason reference regulation require road section 202 securities Senate SHALLENBERGER shippers short lines short-line railroads sion situation statute suggested Supreme Court terminal Texas thing tion traffic transportation unification vote weak lines words York Central
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Página 236 - SEC. 7. 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.
Página 367 - and they are hereby relieved from the operation of the antitrust laws, and of all other restraints or prohibitions by law, State or Federal, in so far as may be necessary to enable them to do anything authorized or required by any order made under and pursuant to the foregoing provisions of this section.
Página 358 - We think the sound construction of the Constitution must allow to the National Legislature that discretion, with respect to the means by which the powers it confers are to be carried into execution, which will enable that body to perform the high duties assigned to it in the manner most beneficial to the people. Let the end be legitimate, let it
Página 366 - authorized in such order shall be, and they are hereby, relieved from the operation of the " antitrust laws," as designated in section 1 of the act entitled "An act to supplement existing laws against unlawful restraints and monopolies, and for other purposes." approved October 15, 1914, and of all other restraints or prohibitions by law, State or Federal, in so
Página 413 - to earn a reasonable return ; that the building of unnecessary lines involves a waste of resources and that the burden of this waste may fall upon the public; that competition between carriers may result in harm to the public as well as in benefit, and that when a railroad inflicts injury upon its rival it
Página 91 - if the commission finds it to be in the public interest and to be practicable, without substantially impairing the ability of a carrier, owning or entitled to the enjoyment of terminal facilities, to handle its own business, it shall have the power to require the use of any such terminal facilities * * * by another carrier or
Página 346 - opinion, after hearing, that such control will be in the public interest, the acquisition to be under such rules and regulations for such consideration and on such terms and conditions as shall be found by us to be just and reasonable. Under this paragraph, 44 applications have been filed, 55 authorizations have been issued,
Página 3 - mentioned in paragraph (5) and must be approved by the commission. 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. That
Página 335 - shall be entitled to equal rights and privileges relative to the passage of railway trains or cars over the same and over the approaches thereto, upon payment of a reasonable compensation for such use; and in case of any disagreement between the parties in regard to the terms of such use. or the
Página 183 - Whenever the commission is of opinion, after hearing, upon the application of one or more carriers, that the acquisition, to the extent indicated by the commission, by one of such carriers of control, under a lease or by the purchase of stock or in any other manner, of a carrier