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The American Railroad Problem; A Study in War and Reconstruction

The American Railroad Problem; A Study in War and Reconstruction


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About the Book

This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1921. Not illustrated. Excerpt: ... CHAPTER XI THE TRANSPORTATION ACT OF 192O The Esch-Cummins Act is the basis of the railroad adjustment which followed the termination of Federal Control and the restoration of the railroad properties to private management. This legislation, officially designated as the Transportation Act of 1920, constitutes the legal framework of the transitional settlement with the carriers, and the public formulation of the substantive principles and administrative machinery of our reconstructed system of railroad regulation. It is the product of a great complexity of influences. The need for new legislation sprang fundamentally from the vital shortcomings of the railroad industry that had been disclosed in recent years, even prior to the outbreak of the war. This need was accentuated by the war emergency, and the policies and activities of the war period, both during the months of private operation and in connection with Federal Control, helped to foreshadow the general character of future railroad policy. Then an extensive investigation of the problem by committees of both houses of Congress resulted in the presentation of the numerous plans and proposals considered at some length in the preceding chapter. These plans and proposals provide the more immediate background of the settlement. Through the analysis of railroad conditions upon which they were based the representatives of the people were the better able to discern the direction of the dominant ends to be accomplished, and the nature of the adjustment which would command the approval of public opinion. These proposals also suggested certain concrete arrangements, distinct departures from the traditional legislative approach toward the railroad problem, which ultimately found their way, though often in modified form, ...


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Product Details
  • ISBN-13: 9781150162732
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 162
  • Spine Width: 9 mm
  • Width: 189 mm
  • ISBN-10: 1150162732
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 299 gr

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