Railroad Funding Bill. Hearings ... on H.R. 7994 ... a Bill to Amend the Transportation Act 1920 ... Aug. 11-17, 1921
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able additions and betterments adjustments advances agreement already amount answer appropriation authority believe bill bonds capital carriers cars cash cent CHAIRMAN charge claims committee Congress connection considerable considered contract cost course cover Davis DENISON director equipment estimate existing expenditures expenses fact Federal control final settlement Finance Corporation funds give going Government GRAHAM Hoch hold HUDDLESTON improvements indebtedness interest investment issue JOHNSON legislation less liquidation loans MAPES materials matter mean ment MEYER months necessary notes obligations operating opinion paid paragraph passed perhaps period present President proposed question Railroad Administration rates reason received reference represent roads SANDERS securities sell settle settlements situation sold statement taken thereof thing tion transportation act Treasury understand United War Finance Corporation
Halaman 132 - The President in time of war is empowered, through the Secretary of War, to take possession and assume control of any system or systems of transportation, or any part thereof, and to utilize the same to the exclusion, as far as may be necessary, of all other traffic thereon, for the transfer or transportation of troops, war material, and equipment, or for such other purposes connected with the emergency as may be needful or desirable.
Halaman 93 - The President shall, as soon as practicable after the termination of Federal control, adjust, settle, liquidate, and wind up all matters, including compensation, and all questions and disputes of whatsoever nature, arising out of or incident to Federal control.
Halaman 85 - An Act to provide revenue to defray war expenses, and for other purposes...
Halaman 62 - Court for any district in which the contract was to be performed and executed and not elsewhere, irrespective of the amount in controversy in such suit, but no such suit shall be commenced after the expiration of one year after the date of final settlement of such contract. The United States shall not be liable for the payment of any costs or expenses of any such suit.
Halaman 60 - And provided further, that such right of set-off shall not be exercised unless there shall have first been paid such sums in addition as may be necessary to provide the carrier with working capital in amount not less than one twenty-fourth of its operating expenses for the calendar year 1919.
Halaman 85 - ... taxes assessed under Federal or any other governmental authority for the period of Federal control or any part thereof, either on the property used under such Federal control or on the right to operate as a carrier, or on the revenues or any part thereof derived from operation...
Halaman 50 - Board shall make a report to Congress on the first day of each regular session, containing a summary of the operation and fiscal condition of each zone and transmit therewith copies of the annual report of each grantee.
Halaman 78 - Whereas the Congress of the United States, by an act approved March 21, 1918, hereinafter called the Federal control act, has authorized the President to enter into agreements with the companies owning the railroads and systems thus taken over for the maintenance and upkeep of the same during the period of Federal control, for the determination of the rights and obligations...
Halaman 91 - Chairman, I do not want to interrupt you but I would like to ask a question at this point.