Word: esch
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...movement for consolidation of the roads may be growing, it is not yet powerful enough to appear as a direct and popular mandate to be acted on by Congress. On the one hand, we have Senator Cummins, chairman of the Senate Interstate Commerce Committee and author of the Esch-Cummins Law, protesting that the merger remedy may even now be too late and that Government operation of many roads is already an inescapable necessity. On the other hand, rail earnings for January show an increase in profits from 2.75 per cent in 1922 to 5.54 per cent for January...
...provisions of the Esch-Cummins Transportation Act (passed in 1920) "the Interstate Commerce Commission shall as soon as practicable prepare and adopt a plan for the consolidation of the railway properties of the continental United States into a limited number of systems." Under this law the Commission must act just as if the Sherman Anti-Trust law were nullified by its provisions. Later the Supreme Court will decide whether such combinations are legal. The Court may hold that the Sherman Act applies only where the combination is to the public detriment...
...immediate reduction of the cost of living. But the cost of living has steadily advanced, and the restless discontent of the men has increased as they have watched the garment workers, coal miners and other classes receive substantial increases in wages. The Federal Board, provided for by the Esch-Cummings Act two months ago, was not even appointed until the country was in the grip of the outlaw strike, and so far it has produced no constructive results. In the meantime the traffic tie-up caused by the strike continues critical. All the workmen, even the Brotherhoods themselves, are losing...
When Congress passed the Esch-Cummins railroad bill last February it eliminated the anti-strike provision because of the protests of the union leaders that such action was not only un-American but unnecessary inasmuch as the railroad brotherhoods were responsible organizations. They maintained that the Big Four unions would quash any strike but those entered upon only after the greatest deliberation and after every means of arbitration and peaceful settlement had been exhausted. On the strength of this assertion the anti-strike provision was abandoned. Today the country is inconvenienced--tomorrow it may be strangled--by an outlaw strike...
...bill is a compromise in very many respects. It contains the financial clauses of the Senate bill proposed by Senator Cummins and the labor clauses of the House bill supported by Representative Esch. The Senate bill provided a minimum return of five and one half per cent on the true value of the property, while the House bill had no minimum return provision. On the other hand, Senator Cummins ant-strike provision was removed in favor of the provision of the House bill which creates n arbitration board of the usual kind, employer and employee equally represented, and a third...