THE Transportation Act of 1920 deals with the consolidation of railways into a limited number of systems by the amendment of section 5, paragraph 4 of the act to regulate commerce, of 1887, making it read as follows:
"The Commission shall as soon as practicable pre- pare and adopt a plan for the consolidation of the railway properties of the continental United States into a limited number of systems. In the division of such railways into such systems under such plan competition shall be preserved as fully as possible and wherever practicable the existing routes and channels of trade and commerce shall be maintained. Subject to the foregoing requirements, the several systems shall be so arranged that the cost of trans- portation as between competitive systems and as related to the values of the properties through which the service is rendered shall be the same, so far as practicable, so that these systems can employ uni- form rates in the movement of competitive traffic and under efficient management earn substantially
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Publication Information: Book Title: Consolidation of Railroads. Contributors: Walter M. W. Splawn - author. Publisher: The Macmillan Company. Place of Publication: New York. Publication Year: 1925. Page Number: 1.
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