Investigation of Railroads, Holding Companies, Affiliated Companies, and Related Matters: Hearings Before a Subcommittee of the Committee on Interstate Commerce, United States Senate, Seventy-fourth Congress, Second Session [-Seventy-fifth Congress, Third Session: Pursuant to S. Res. 71 (74th Congress) Authorizing an Investigation of Interstate Railroads and Affiliates with Respect to Financing Reorganizations, Mergers, and Certain Other Matters ...

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Contents

Legislative activities of the National Association of Owners of Railroad
10019
Opposition to Senate railroad investigationCommunication with presi
10027
The Pennsylvania Railroad Companys contributions to the Security
10033
Wednesday March 16 1938
10037
Extent of disclosure of railroad contributions to organizations
10040
Railroad recovery conference sponsoredFormation of Directorsin
10050
Steps taken to create unified organization of the railroad industryForma
10056
Railroad associations in existence
10063
Statement prepared by staff of the Subcommittee
10070
Regarding railroads intention to have the Association of American Rail
10071
Methods followed in railroads legislative program
10078
Friday March 18 1938
10092
Background of the FuelPowerTransportation Educational Foundation
10093
Memorandum of Meeting of the Committee on Public
10095
10488
10117
10491
10120
10195
10123
Tuesday March 22 1938
10125
Senate railroad investigationJ J Pelley President Association of Ameri
10127
secure sympathetic representation on the Rivers
10131
Aid to railroad shippers in matters pertaining to state legislation
10133
Memorandum dated September 13 1935 from the files
10139
Chambers of Commerce and other civic organizations urged to use answers
10141
Unnumbered Letter from J J Pelley President Association
10144
Use of the machinery of the shippers advisory boards by the Association
10147
Letter from W H Chandler to C L Hilleary General
10148
Letter from W C Kendall Chairman Car Service
10152
Railroad donations to chambers of commerce and various other organ
10159
Wednesday March 23 1938
10160
10519
10163
Use of taxpayers committee in attempt to secure enactment of truck
10171
Similar program of the Western Association of Railway Executives
10177
Letter from W R Cole President Louisville Nash
10178
Letter from C S Christoffer to H A Scandrett dated
10179
10541
10180
Enforcement activities in IllinoisExpense borne by Illinois railroads
10183
a bus and truck bill prepared by a Subcommittee
10186
Wednesday March 30 1938
10189
Use of nonrailroad organizations by the Division of Competitive Trans
10190
Resolution adopted by Member Roads of the Associ
10198
Background of National Highway Protective Association and proposal
10201
Minute action taken at meetings of the Western Asso
10203
Association of American Railroads interest in and contributions to
10209
10593
10213
10045
10400
10363
10411
Letter from Hale Holden Chairman Southern Pacific
10422
Memorandum of meeting of Executive Committee
10461
Two vouchers for the months of February and August
10485
Letter from Elisha Lee to W W Atterbury dated July
10492
Letter from 0 P Van Sweringen dated February
10503
Excerpt from proceedings of a meeting of the Atlantic
10509
Letter from R V Fletcher to Hale Holden dated
10514
Transcript of remarks by Patrick H Joyce Trustee
10540
Excerpt from R V Fletchers Weekly Letter No
10558
of the Committee dated March 17 1936 and
10560
Letter from R J Littlefield Eastern Regional Direc
10566
Memorandum from 0 W Dynes to H A Scandrett
10573
Letter from Jack Schreiber to Tom J McGrath
10580
Letter from C S Duncan to Donald D Conn Execu
10585
Letter from P M Donnellan Erie Railroad Co
10589
Letter from Joseph H Hays to James L Madden
10591
Memorandum from M J Gormley to J J Pelley
10596
Confidential Statement by Executive Committee
10602
Letter from A J Davis to J J Pelley dated June
10609
Excerpt from report of the Board of Directors Asso
10614
10214
10620
and manner in which this contribution
10662
poration Association and various railroads interest
10681
Excerpt from Interstate Commerce Commission I
i
Letter from R V Fletcher to 0 W Dynes dated
iii
10369
vi
Excerpt from document entitled Memorandum
x
10664
xi
Letter from E E Loomis to P E Crowley W
xii
10023
xvii
10681
xviii
10640
xx
10409
xxiv
10024
xxvii
Question of proper forum for adjustment of division disputes
xxviii
10025
xxxviii
10684
xli
10087
xliv
10602
xlv
10538
li
10089
liii

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Page 10118 - Property does become clothed with a public interest when used in a manner to make it of public consequence, and affect the community at large. When, therefore, one devotes his property to a use in which the public has an interest, he, in effect, grants to the public an interest in that use, and must submit to be controlled by the public for the common good, to the extent of the interest he has thus created.
Page 10414 - All this may seem plausible : but the best that can be said for it is, that it is an hypothesis that saves some difficulties; but there is no sort of proofs to make it appear to be true.
Page 10381 - ... and will be consistent with the public interest, it shall enter an order approving and authorizing such transaction, upon the terms and conditions, and with the modifications, so found to be just and reasonable...
Page 10381 - ... (c) Whenever two or more carriers propose a consolidation under this section, they shall present their application therefor to the Commission, and thereupon the Commission shall notify the Governor of each State in which any part of the properties sought to be consolidated is situated and the carriers involved in the proposed consolidation, of the time and place for a public hearing.
Page 10341 - ... the need, in the public interest, of adequate and efficient railway transportation service at the lowest cost consistent with the furnishing of such service ; and to the need of revenues sufficient to enable the carriers, under honest, economical, and efficient management to provide such service.
Page 10342 - I hereby certify that I have this day served the foregoing document upon all parties of record In this proceeding by mailing, postage prepaid (or by delivering In person) a copy to each such party.
Page 10009 - Dutch also. (At this point there was a brief discussion off the record which the reporter was directed not to record, after which the following occurred:) Mr.
Page 10381 - ... to accomplish or effectuate, or to participate in accomplishing or effectuating, the control or management in a common interest of any two or more carriers, however such result is attained, whether directly or indirectly, by use of common directors, officers, or stockholders, a holding or investment company or companies, a voting trust or trusts, or in any other manner whatsoever. It shall be unlawful to continue to maintain control or management accomplished or effectuated after the enactment...
Page 10341 - Commission, of their traffic, service, or gross or net earnings, or of any portion thereof, will be in the interest of better service to the public or of economy in operation, and will not unduly restrain competition...
Page 10328 - Commission shall by order approve and authorize, if assented to by all the carriers involved, such pooling or division, under such rules and regulations, and for such consideration as between such carriers and upon such terms and conditions, as shall be found by the Commission to be just and reasonable in the premises...

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