Word: icc
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Dates: during 1940-1949
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...just as effectively as it could have been done by a convulsion of nature. It was done by a 9-to-2 decision of the Interstate Commerce Commission. The South and West were brought nearer to the center of the nation and the Northeast was moved farther away. The ICC thus rearranged the U.S. by its decision to equalize freight rates, on a mileage basis, between all sections of the country except mouritain-Pacific territory...
...ICC, with its usual thoroughness, presented the railroads with a massive document that traced the history of the rate battle back to 1887. In effect, the ICC ruled that wherever manufacturers are situated - in the South, West, or East - at the same distance from a given point, they would each pay the same rate. This cracked at one blow the freight rate structure, which has influenced the economic distribution of industries, and set up a new structure which may make some of the existing distribution uneconomic...
Having dropped this blockbuster, the ICC gave carriers 90 days to appeal and submit proposals for the new rates. The weary Commissioners were prepared for a barrage of protests from northern railroads, chambers of commerce, trade associations and shippers...
...country and the courts know that it meant business, ICC ordered an interim adjustment in rates. Well aware that the rate hearings could drag on indefinitely, the ICC ruled that, effective Aug. 30, rates in the South and West will be reduced 10%, while rates in the Northeast will be increased...
...writing the majority opinion, Justice William O. Douglas admitted that the Court cannot set aside the rates approved by ICC. Nor can the Court act as a rate-making body, a function which Congress has specifically delegated to ICC. But, said Justice Douglas: "If the alleged combination is shown to exist, the decree which can be entered will be no idle or futile gesture. It will eliminate . . . the collusive practices which the antitrust laws condemn. . . . It will supply an effective remedy." On this, the dissenting Justices, led by Chief Justice Harlan F. Stone, said sharply: "It seems obvious that this...