Interstate Commerce Commission Reports: Reports and Decisions of the Interstate Commerce Commission of the United States, Volume 124L.K. Strouse, 1927 |
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Common terms and phrases
1927 Investigation accrued interest acquisition April bear interest Beaumont capital stock cent gold bonds cent per annum Clinchfield coal COMMISSION DIVISION COMMISSIONERS MEYER common carrier conclusions thereon connection containing its findings convenience and necessity cost County date hereof December 31 EASTMAN Elkhorn City February 19 filed a report findings of fact first-mortgage further ordered future public convenience hereby referred I. C. C. FINANCE DOCKET interstate commerce act Ironton June 30 K. C. Southern lease line of railroad matters and things mature miles mortgage necessary and appropriate necessity require Northern Northern Railway O'Fallon obligation and liability ORDER Entered par value Port Arthur preferred stock present and future public interest purchase rail Railroad Company Railway Company railway operating income report aforesaid report containing report is hereby route section 20a Smoky Mountain Railroad Southern Pacific territory things involved tion trackage rights traffic Trust Company Waco WOODLOCK BY DIVISION
Popular passages
Page 428 - 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 65 - 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 30 - A railroad is a public highway, and none the less so because constructed and maintained through the agency of a corporation deriving its existence and powers from the State. Such a corporation was created for public purposes. It performs a function of the State.
Page 6 - 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 rate-making 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 275 - 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 428 - 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 28 - 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 16 - The statute declares the carrier to be only a trustee for the excess over a fair return received by it. Though in its possession, the excess never becomes its property and it accepts custody of the product of all the rates with this understanding. It is clear, therefore, that the carrier never has such a title to the excess as to render the recapture of it by the Government a taking without due process.
Page 786 - It is hereby declared to be the policy of Congress to promote, encourage, and develop water transportation, service, and facilities in connection with commerce of the United States, and to foster and preserve in full vigor both rail and water transportation.
Page 28 - 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.