Word: icc
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Dates: during 1930-1939
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...said he favored Government ownership of railroads and thought he would be "an invaluable asset" to the ICC because, if Congress decided to take over sick railroads, he would be vitally interested in the plan's success...
Between them, Mr. Amlie and the Committee brought out very little about his qualifications for the ICC, before which he has appeared as a lawyer in a few cases relative to abandonment of rail services...
...Williamson headed another committee with exactly the same mission. Certain Western and Southern roads had tried cutting fares, had got an immediate rise in passenger revenue. Nonetheless, after due discussion, the Eastern roads decided against slashing the established 3.6?-a-mile coach fare, 4? Pullman fare. Finally, in 1936, ICC ordered them to cut to 2? and 3? respectively. The Eastern roads were furious at the order, would have fought it out in court had not the Baltimore & Ohio refused to cooperate. Passenger revenue, however, jumped as a result of the lower rates (Mr. Williamson's New York Central...
Last spring, faced with Depression II, the Eastern roads recalled their bitterness, persuaded even the B. & O. that higher passenger fares were the thing. In July, ICC agreed to a rise in the coach fare from 2½-to-2½?. This time, instead of the $32,000,000 boost in revenue which Mr. Williamson and friends expected, passenger revenues dropped-the New York Central's falling 17% in August, compared with 1937, the B. & O.'s 19.5%, the New Haven's 3%. This slump continued until the Christmas holidays, when the roads experimentally restored...
Skipping all such considerations, Senator Burton Wheeler, head of the Senate Interstate Commerce Committee, last week declared that postalization looked good to him, passed it along to ICC...