Word: railroads
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Dates: during 1920-1929
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...President Coolidge's statements in regard to government control of railroad rates and consolidations, Professor W. J. Cunningham, Professor of Transportation at the University, and Professor W. M. Daniels, Professor of Transportation at Yale, combined in making the following comments...
...feature most likely to attract attention is the proposal that a change should be made in the law relating to railroad consolidations so that voluntary amalgamation may be encouraged and expedited. The President believes that consolidation is the only feasible method for the maintenance of an adequate system of transportation and satisfactory adjustment of freight rates. His proposals merit thoughtful consideration. Yet those who appreciate the magnitude and difficulty of the task may shake their heads when they read that the entire freight rate structure of the country should be reorganized and that such action should be reorganized and that...
...March the predictions of Jesse L. Livermore, operator, concerning a decline in stock prices were so immediately and emphatically realized, that much attention is now given to his remarks. After predicting higher industrial share prices -a prophecy in part already realized-he last week turned his attention to the railroad stocks. For these, he asserts, there is a bright future in the coming year. In fact, Mr. Livermore believes that the rail-road stockholders would recover much of the $3,000,000,000 lost through declining prices over the past 15 years...
Attacking the legislative and political attempts to lower railroad rates, he expressed his belief that Congress, if it takes any action next session upon the railroad question, will help rather than hurt the carriers, especially respecting further railroad consolidations. Curiously enough, as Mr. Livermore pointed out, this movement for greater consolidations was not only severely criticized by Congress, but was blocked by Congressional action two decades ago, when promoted by the late E. H. Harriman and others...
...Railroad stocks, calculated to rise...