Interest Rates for Carriers: Hearings on S. 3772...Jan 14, and 15, 19251925 - 45 páginas |
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434 per cent additions and betterments amount average bill bonds Boston & Maine BUCKLAND BYRAM carriers CHAIRMAN Chicago committee cost of money course deficit director dividends dollars earnings Ellison D Federal control act finance fixed charges freight rates funded debt Hartford Railroad haul Haven & Hartford HUSTIS increase in freight interest charges interest rate Interstate Commerce Commission issue labor loan Maine Railroad maturing ment miles million Milwaukee & St mortgage operating expenses owe the Government paid Panama Canal Paul preferred stock president prior liens profit proposition question rate of interest receivership reduced refunding relief represented Secretary MELLON section 207 Senator COUZENS Senator CUMMINS Senator DILL Senator FERNALD Senator FESS Senator HOWELL Senator MCLEAN Senator WATSON SHATFORD shopmen's strike situation statement stockholders termination of Federal THOM tion tonnage total indebtedness transportation act Treasury valuation WINSTON
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Página 4 - ... provide terminals, motive power, cars and other equipment necessary or desirable for war purposes or in the public interest on or in connection with the property of any carrier.
Página 24 - UNITED STATES SENATE, COMMITTEE ON INTERSTATE COMMERCE, Washington, DC The committee met at 10 o'clock am, pursuant to adjournment on yesterday, in room 212, Senate Office Building, Senator James E.
Página 5 - SEC. 210. (a) For the purpose of enabling carriers by railroad subject to the Interstate Commerce Act properly to serve the public during the transition period immediately following the termination of Federal control, any such carrier may, at any time after the passage of this Act, and before the expiration of two years after the termination of Federal control...
Página 5 - The time, not exceeding five years from the making thereof, within which such loan is to be repaid, the security which is to be taken therefor...
Página 4 - Any remaining indebtedness of the carrier to the United States in respect to such additions and betterments shall, at the request of the carrier, be funded for a period of ten years from the termination of Federal control, or a shorter period at the option of the carrier...
Página 23 - The CHAIRMAN. The committee will now adjourn until to-morrow morning at 10 o'clock. (Whereupon, at 11.55 am, the committee adjourned until to-morrow, Thursday, January 15, 1925, at 10 o'clock am) Mr.
Página 5 - Commission, is unable to provide itself with the funds necessary for the aforesaid purposes from other sources. (c) Upon receipt of such certificate from the Commission the Secretary of the Treasury shall immediately, or as soon as practicable, make a loan of the amount recommended in such certificate out of any funds in the revolving fund provided for in this section and accept the security prescribed therefor by the Commission. All such loans shall bear interest at the rate of 6 per centum per...
Página 5 - All such loans shall bear interest at the rate of 6 per centum per annum, payable semi-annually to the Secretary of the Treasury and to be placed to the credit of the revolving fund provided for in this section.
Página 4 - SEC. 7. That for the purpose of providing funds requisite for maturing obligations or for other legal and proper expenditures, or for reorganizing railroads in receivership, carriers may, during the period of Federal control, issue such bonds, notes, equipment trust certificates, stock, and other forms of securities, secured or unsecured by mortgage, as the President may first approve as consistent with the public interest.
Página 4 - SEC. 207. (a) As soon as practicable after the termination of Federal control the President shall ascertain (1) the amount of the indebtedness of each carrier to the United States, which may exist at the termination of Federal control, incurred for additions and betterments made during Federal control and properly chargeable to capital account; (2) the amount of indebtedness of such carrier to the United States otherwise incurred; and (3) the...