Bulletin, Edição 12

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Página 88 - No railroad corporation shall issue any stock or bonds, except for money, labor or property actually received and applied to the purposes for which such corporation was created; and all stock dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation, shall be void. The capital stock of no railroad corporation shall be increased for any purpose, except upon giving sixty days' public notice, in such manner as may be provided by law.
Página 88 - No corporation shall issue stock or bonds except for an equivalent in money paid or labor done, or property actually received and applied to the purposes for which such corporation was created, and neither labor nor property shall be received in payment of stock or bonds at a greater value than the market price at the time such labor was done or property delivered, and all fictitious increase of stock or indebtedness shall be void.
Página 63 - Even among the locomotive engineers commonly spoken of as highly paid, a preponderating number received less than $170 per month, and this compensation they have attained by the most compact and complete organization, handled with a full appreciation of all strategic values.
Página 28 - The result of our research into the financial workings of the former management of the New Haven system has been to disclose one of the most glaring instances of maladministration revealed in all the history of American railroading.
Página 27 - THE INTERSTATE COMMERCE COMMISSION. During the years from 1912 to 1915 various complaints were made by shippers and the public to Congress and the Interstate Commerce Commission respecting certain illegal practices of five important systems of railways and their resulting inefficiency of service and unjust rates. On account of these complaints, which seemed well substantiated, the Interstate Commerce Commission, partly on its own initiative and partly in compliance with resolutions of Congress, made...
Página 71 - Resolved, that the sixteenth annual convention of the American Federation of Labor urges upon all the members of affiliated bodies that they use every possible effort to assist in the substitution in all public utilities — municipal, state and national, that are in the nature of monopolies...
Página 62 - It has been a somewhat popular impression that railroad employees were among the most highly paid workers. But figures gathered from the railroads disposed of this belief. Fifty-one per cent of all employees during December, 1917, received $75 per month or less.
Página 59 - ... returns to labor are certainly more than $150 per year higher on the government roads in Germany than on the private roads in England. And that does not really show the full advantage of public ownership in this respect because a dollar in wages means more in Germany than in England — the general price level is higher in England.
Página 63 - These, it is to be noted, are not pre-war figures; they represent conditions after a year of war and two years of rising prices. And each dollar now represents in its power to purchase a place in which to live, food to eat, and clothing to wear but 71 cents as against the 100 cents of January 1, 1916.
Página 54 - For many years a profit of 3 per cent was regarded as sufficient, and any excess over this rate was followed by reductions in passenger charges or in freights.

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