Railroad-car Shortage: Hearing...on S. 4373 |
Common terms and phrases
able additions and betterments ALLEN amount apples average bankers banks basis believe bonds box cars BROWN Canastota car shortage car trust car-trust certificates carriers cars short cent CHAIRMAN Chicago committee condition Congress cost course crop dollars equipment trust estimate facilities finance freight cars gentlemen going Government grain HANAUER increase individual capital Interstate Commerce Commission investment investors lines live-stock loan LOREE matter meet ment Minneapolis months motive power move MURPHY necessary obligations payment PEARSON Pennsylvania Railroad period present problem producers question rail Railroad Administration railroad companies railway executives refrigerator cars requirements revolving fund roads securities sell Senator FRELINGHUYSEN Senator KELLOGG Senator POMERENE Senator ROBINSON Senator SMITH shippers SHORTHILL situation SMITH of South South Carolina statement SYKES thing tion to-day transportation Treasury trust certificates WARFIELD Wenatchee York Central
Popular passages
Page 67 - States is necessary to enable the applicant properly to meet the transportation needs of the public, and that the prospective earning power of the applicant and the character and value of the security offered are such as to furnish reasonable assurance of the applicant's ability to repay the loan within the time fixed therefor, and to meet its other obligations in connection with...
Page 4 - UNITED STATES SENATE, COMMITTEE ON INTERSTATE COMMERCE, Washington, DC The committee met, pursuant to adjournment on yesterday, in room 412, Senate Office Building, Senator James Couzens presiding.
Page 94 - ... (c) Upon receipt of such certificate from the Commission, the Secretary of the Treasury, at any time before the expiration of twenty-six months after the termination of Federal control, is authorized to make a loan, not exceeding the maximum amount recommended in such certificate, out of any moneys in the revolving fund provided for in this section. All such loans shall bear interest at the rate of 6 per...
Page 94 - ... the Commission. All such loans shall bear interest at the rate of 6 per centum per annum, payable semiannually, to the Secretary of the Treasury, and to be placed to the credit of said revolving fund.
Page 24 - The committee met at 10.30 o'clock am, pursuant to call of the chairman, in room 224, Senate Office Building, Senator James E.
Page 49 - The CHAIRMAN. Does any member of the committee desire to ask any questions ? Senator ROBINSON of Arkansas.
Page 49 - ... Mr. George M. Jones, of Dermott, Ark., chairman of the board of commissioners of the Dermott drainage district. Mr. Kemp, would you care to add anything to what Mr. Poe has stated ? STATEMENT OF 0. 0. KEMP, ROHWER, ARK., PRESIDENT OF THE SOUTHEAST ARKANSAS LEVEE DISTRICT GENERAL STATEMENT Mr. KEMP. Mr. Chairman, I do not know that I can add very much. Mr. Poe has just about expressed my feelings with regard to this thing. I will say that we do not have any criticism of what the engineers have...
Page 94 - The time, not exceeding five years from the making thereof, within which such loan is to be repaid, the security which is to be taken therefor, which shall be adequate to secure the loan, the terms and conditions of the loan, and the form of the obligation to be entered into, shall be prescribed by the Secretary of the Treasury.
Page 67 - For the purpose of enabling carriers by railroad subject to the Interstate Commerce Act properly to serve the public during the transition period immediately following the termination of Federal control, any such carrier may, at any time after the passage of this Act and before the expiration of two years after the termination of Federal control...
Page 38 - ... the territory south of the Potomac and Ohio rivers and east of the Mississippi...