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 ...
U.S. Government Printing Office, 1937
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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 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...