Word: freight
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Dates: during 1930-1939
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...case under consideration was docketed as Ex Parte 103. It contained the petition of Class I railroads in the U. S. for a horizontal (i.e. blanket) 15% freight rate increase (TIME, May 18 et seq.). The first hearings were called last week for the carriers to show that they were in desperate financial straits and needed as an emergency measure more revenue to keep out of bankruptcy. That the roads had reached an economic crisis was repeated in a dozen different ways by a dozen different witnesses put on the stand by Henry Wolf Bikle who, as the carriers...
Counsel Bikle proposed that Ex Parte 103 be held open, if and after rate-upping is allowed, so that the I. C. C. could readjust freight charges to meet changing economic conditions. The rate increase, he argued, would thus not need to be considered permanent...
...roads' claims of efficient and economical management by ordering an independent inquiry of its own. Three Commissioners, including Messrs. Lee and Eastman, were assigned to investigate the roads' methods of purchasing fuel and the prices paid, their handling of coal at tidewater, the use of private freight cars (oil, meat, milk, etc.), the construction of private sidings for shippers and the "spotting" of freight cars for certain industries...
What becomes of youngsters convicted under the Mann Act for their interstate sex experiments, of prankish urchins who break open a freight car or filch stamps from a rural post office...
Preparatory to hearings this week on the railroad's petition for a 15% freight rate increase, the Interstate Commerce Commission last week brought down to date (to Dec. 31, 1930) its tentative valuations of all Class I railroads. For rate-making purposes this value was set at $21,691,000,000 (1920 value: $18,900,000,000). The roads' "book value" was $23,518,000,000. They had, in addition, $560,000,000 in working capital...