Word: normale
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Dates: during 1920-1929
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...circumstance that, when Federal control terminated, Congress enacted a new law, known as the Transportation Act of 1920. The law was designed to restore the railroad carrying power, and provided for a transition period of six months in which the railroads could put their properties and organizations on a normal operating basis, while the Government continued its war-time guarantee of net income equal to that of the average of the three years prior to the war. During this transition period the railroads presented their petitions to the Interstate Commerce Commission, asking for rate increases, which would insure...
...been radically curtailed. Locomotive and car shops have been partly or wholly closed, and programs for renewals of ties, rails and ballast have been reduced to a fraction of the requirements. Obviously this is deferred maintenance, which must be made up at increased cost later on. And, besides, when normal traffic is resumed, the equipment, in a poor condition after war service, will be in an even greater state of inadequacy...
Business Must Become Normal...
...Professor Cunningham, is certainly necessary in view of the current economic conditions, but will not, in itself, grant relief in sufficient degree to solve the problem of the railroad earning power. "In fact," he added, "no solution appears to be possible until general business is again on a normal basis, and traffic again moves in the volume contemplated by the rate scale set last year by the Interstate Commerce Commission. The signs already point to an improvement. There are indications that the worst is over and that there will soon be an upward swing. Until it is well under...
...dark clouds in the present railroad situation," concluded Professor Cunningham, "are merely incidents in the painful period of reconstruction. The Transportation Act has not failed. Under a resumption of normal business conditions, and with the beginning of the plan providing for consolidations which will eliminate the disturbing factor of the weak roads, I believe that the railroad problem will be well on toward a satisfactory solution...