. Return of the railroads to private ownership. Hearings before the Committee on Interstate and Foreign Commerce of the House of Representatives, Sixty-sixth Congress, first session, on 4378 .. . 254 RETUKN OF THE RAILROADS TO PRIVATE OWNERSHIP. The Chairman. Have you finished your statement, Mr. Salmon? Mr. Salmon. Yes, sir. Mr. Sims. What you call here a statutory rule of rate making youmust mean a law, an absolute unvarying law and this board, what doyou call it, not the Interstate Commerce Commission, but your com-mission—the transportation board, if the transportation board fixesthe
. Return of the railroads to private ownership. Hearings before the Committee on Interstate and Foreign Commerce of the House of Representatives, Sixty-sixth Congress, first session, on 4378 .. . 254 RETUKN OF THE RAILROADS TO PRIVATE OWNERSHIP. The Chairman. Have you finished your statement, Mr. Salmon? Mr. Salmon. Yes, sir. Mr. Sims. What you call here a statutory rule of rate making youmust mean a law, an absolute unvarying law and this board, what doyou call it, not the Interstate Commerce Commission, but your com-mission—the transportation board, if the transportation board fixesthe rule as to rates that must be charged in order to make the 6 percent on the property investment account, is it not absolute upon therate-making body to pro\dde rates that will not fall below that forthe traffic district? Mr. Salmon. Answering your question, the conference resolutionasks that the Congress pass a law making it obligatory upon the ratedetermining body that it shall establish rates designed to yield aggre-gate revenue sufficient to produce a net return to the carriers of eachtraffic district amounting to not less than 6 per cent upon the fairvalue of the properties of the carrie
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectrailroa, bookyear1919
