Consolidation of Railroads

Consolidation of Railroads

Consolidation of Railroads

Consolidation of Railroads

Excerpt

Paragraphs four and five of section five of the Transportation Act of 1920 provide that the railroads of the United States may be grouped into a limited number of systems according to a plan to be prepared and published by the Interstate Commerce Commission. Consolidation of railroads became a question of much interest during the hearings before the congressional committees when the act to regulate commerce was being rewritten. The interest was intensified when the Interstate Commerce Commission held hearings of its own in which inquiries were made as to the groupings that would best meet the requirements of the law. Now that the Interstate Commerce Commission has before it a record of these hearings and is expected to prepare a final plan for consolidating the railroads into a few systems, the public continues to be deeply interested, so much so that there are proposals to have the consolidation provisions of the act modified. Some would repeal those provisions. Others would amend them so as to relieve the Commission of the responsibility of publishing a final plan of grouping but would leave to the Commission jurisdiction over any mergers that might be attempted from time to . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.