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Statement of Walker D. Hines before Railroad Securities Commission : at New York, December 22, 1910
- Author / Creator
- Available as
- Physical
Details
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- Format
- Microforms; Books
- Language
- English
- Contributors
- Publication
-
- New York : C.G. Burgoyne, [1910]
- Physical Details
-
- 50 pages ; 24 cm
- OCLC
- ocm26715446, ocm44185706
- Microfilm. Evanston, Ill. Northwestern University Library, 1993. 1 microfilm reel ; 35 mm.
- The question of constitutionality -- The relation between capitalization and rates -- Capitalization has practically no bearing in cases involving merely the question whether rates made by state authority violate the federal constitution -- These cases involving constitutionality of state rates have merely held that a fair return is the minimum constitutional return, and not, as popularly supposed, that it is the maximum lawful return -- Capitalization is equally unimportant in cases involving the legality under the Constitution and under the statute of rates made by the Interstate Commerce Commission -- Capitalization will be equally unimportant in proceedings before the Interstate Commerce Commission to determine whether the carriers' rates should be corrected -- Railroad rates are not, and cannot be, made on any theoretical basis -- Effect of capitalization methods on service and on the ability to raise money -- Regulation should be based, not on any of these factors, practically so independent of capitalization, but upon the ground that Congress may ragulate the activities of instrumentalities of commerce -- The character of regulation that is expedient