Regulation of D.C. Transit System, Inc: Hearings Before a Subcommittee of the Committee on Interstate and Foreign Commerce, House of Representatives, Eighy-sixth Congress, First Session, on H.R. 2316, H.R. 4163, and H.R. 4815, Bills to Insure Effective Regulation of D.C. Transit System, Inc., and Fair and Equal Competition Between D.C. Transit System, Inc., and Its Competitors. May 19, 20, 21, 26, June 2, 3, 10, and 11, 1959

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Considers H.R. 2316 and identical H.R. 4163 and H.R. 4815, to require all assets and personnel of the D.C. Transit System, Inc. be used and employed exclusively in such service and not in any other service in competition with the Transit System.
 

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Halaman 123 - The Sherman Act was designed to be a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade. It rests on the premise that the unrestrained interaction of competitive forces will yield the best allocation of our economic resources, the lowest prices, the highest quality, and the greatest material progress, while at the same time providing an environment conducive to the preservation of our democratic political and social institutions.
Halaman 203 - An Act making appropriations to provide for the expenses of the government of the District of Columbia for the fiscal year ending June thirtieth, nineteen hundred and three, and for other purposes", approved July 1, 1902, as amended (DC Code, sec.
Halaman 123 - It is likewise thoroughly established in this court that the inhibitions of the Constitution of the United 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...
Halaman 123 - But the power of governing is a trust committed by the people to the government, no part of which can be granted away. The people, in their sovereign capacity, have established their agencies for the preservation of the public health and the public morals, and the protection of public and private rights. These several agencies can govern according to...
Halaman 307 - ... to such terms, conditions, and limitations as are now. or may hereafter be, attached to the exercise of the privileges herein granted to the said carrier.
Halaman 307 - The Board of Directors from time to time shall determine whether and to what extent, and at what times and places, and under what conditions and regulations, the accounts and books of the corporation, or any of them, shall be open to the inspection of the Stockholders...
Halaman 307 - It is further ordered. And is made a condition of this certificate that the holders thereof shall render reasonably continuous and adequate service to the public in pursuance of the authority herein granted, and that failure so to do shall constitute sufficient grounds for suspension, change, or revocation of this certificate as to any such holder.
Halaman 121 - No private person can establish a public highway, or a public ferry, or railroad, or charge tolls for the use of the same, without authority from the legislature, direct or derived. These are franchises.
Halaman 123 - People, in their sovereign capacity, have established their agencies for the preservation of the public health and the public morals, and the protection of public and private rights. These several agencies can govern according to their discretion, if within the scope of their general authority, while in power; but they cannot give away nor sell the discretion of those that are to come after them, in respect to matters the government of which, from the very nature of things, must "vary with varying...
Halaman 326 - There is a clear distinction between the power of the Congress to control or interdict the contracts of private parties when they interfere with the exercise of its constitutional authority, and the power of the Congress to alter or repudiate the substance of its own engagements when it has borrowed money under the authority which the Constitution confers.

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