RailroadsCrane & Company, 1898 - Всего страниц: 179 |
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Стр. vii
... interest on bonds issued by State in purchase of the roads . Bonds would remain in the State.- Money in savings banks in United States would buy bonds.- Ad- vantages and disadvantages of State control and State ownership compared ...
... interest on bonds issued by State in purchase of the roads . Bonds would remain in the State.- Money in savings banks in United States would buy bonds.- Ad- vantages and disadvantages of State control and State ownership compared ...
Стр. 2
... interest and dividends upon bonds and stocks ( the great majority being bonds and stocks issued by railroads ) , which are the property of railroad cor- porations . " According to the reports furnished by the Interstate Commerce ...
... interest and dividends upon bonds and stocks ( the great majority being bonds and stocks issued by railroads ) , which are the property of railroad cor- porations . " According to the reports furnished by the Interstate Commerce ...
Стр. 3
Jesse Hardesty. the purpose of paying interest and dividends on these fraudulent over - issues , and giving them a market value , the people have been forced to pay exorbitant rates on the roads . Many talented but dishonest ras- cals ...
Jesse Hardesty. the purpose of paying interest and dividends on these fraudulent over - issues , and giving them a market value , the people have been forced to pay exorbitant rates on the roads . Many talented but dishonest ras- cals ...
Стр. 5
... interest and dividends on . The statistics set forth in the following pages are the best that the writer has been able to secure for the pur- pose of giving the public some definite information on the subject of the cost of construction ...
... interest and dividends on . The statistics set forth in the following pages are the best that the writer has been able to secure for the pur- pose of giving the public some definite information on the subject of the cost of construction ...
Стр. 14
... interest on funded debt not yet payable .. 29,254,844 2,950 , 332 Miscellaneous .. 380,929,540 5,615,425 Profit and loss . 115,212,780 $ 4,588,488 Total 11,615,740,145 151,291,560 1 Sinking fund , $ 80,113,795 ; sundries , $ 50,354,934 ...
... interest on funded debt not yet payable .. 29,254,844 2,950 , 332 Miscellaneous .. 380,929,540 5,615,425 Profit and loss . 115,212,780 $ 4,588,488 Total 11,615,740,145 151,291,560 1 Sinking fund , $ 80,113,795 ; sundries , $ 50,354,934 ...
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aggregate amount average cost bar iron bonds issued bridges bushels capital cars cent Commission of Texas construction and equipment corporations cost of construction cost per mile dividends eminent domain employees ending June 30 engineer face value fares and freights farmer Federal franchise Galveston Government ownership gross earnings increase interest Interstate Commerce Commission iron rails Joint Traffic Association June 30 Kansas labor land Legislature locomotives main line miles of line miles of main miles of railroad miles of road Missouri River Nebraska officers operating expenses paid parties passengers and freight pig iron present value producers purpose Railroad Commission railroad officials railroad question railroad stocks reason Repairs and renewals Report right-of-way rolling stock salaries sand fences Schenectady Locomotive snow sheds South Dakota Statistical steel rails stocks and bonds Superintendent taxation taxes Territories Texas tion total mileage transportation valuation value per mile
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Стр. 96 - And in order to ascertain that value, the original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stock, the present as compared with the original cost of construction, the probable earning capacity of the property under particular rates prescribed by statute, and the sum required to meet operating expenses, are all matters for consideration, and are to be given such weight as may be just and right in each case.
Стр. 136 - Waite, has said that, while a state has power to fix the charges by railroad companies for the transportation of persons and property within its own jurisdiction, unless restrained by valid contract, or unless what is done amounts to a regulation of foreign or interstate commerce...
Стр. 93 - The state cannot Justify unreasonably low rates for domestic transportation, considered alone, upon the ground that the carrier is earning large profits on its interstate business, over which, so far as rates are concerned, the state has no control. Nor can the carrier justify unreasonably high rates on domestic business upon the ground that It will be able only in that way to meet losses on its interstate business.
Стр. 137 - ... a power reserved to the legislature to alter, amend or repeal a charter authorizes it to make any alteration or amendment of a charter granted subject to it, which will not defeat or substantially impair the object of the grant, or any rights vested under it, and which the legislature may deem necessary to secure either that object or any public right.
Стр. 136 - States upon the impairment of the obligation of contracts, or the deprivation of property without due process or of the equal protection of the laws, by the States, are not violated by the legitimate exercise of legislative power in securing the public safety, health, and morals. The governmental power of self-protection cannot be contracted away, nor can the exercise of rights granted, nor the use of property, be withdrawn from the implied liability to governmental regulation in particulars essential...
Стр. 95 - ... the original cost of construction, the probable earning capacity of the property under particular rates prescribed by the statute, and the sum required to meet operating expenses, are all matters for consideration, and are to be given such weight as may be just and right in each case.
Стр. 92 - In our judgment, it must be held that the reasonableness or unreasonableness of rates prescribed by a State for the transportation of persona and property wholly within its limits must be determined without reference to the interstate business done by the carrier, or to the profits derived from it.
Стр. 95 - 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 sanction must be the fair value of the property being used by it for the convenience of the public.
Стр. 92 - Congress not having exerted this power, as it might have done under the terms of the charter, it remains with the States through which the road passes to fix rates for transportation beginning and ending within their respective limits. The true reason is that Congress has no authority to interfere with the exercise of the police power by the States within their borders. The same question had recently been decided against the corporations in the case of Reagan vs.
Стр. 97 - If it be said that the rates must be such as to secure to the owners a reasonable per cent on the money invested, it will be remembered that many things have happened to make the investment far in excess of the actual value of the property — injudicious contracts, poor engineering, unusually high cost of material, rascality on the part of those engaged ia the construction, or management of the property.