The Railroad Problem, a Discussion of Current Railway Issues ..
The Railroad Problem, a Discussion of Current Railway Issues ..
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Beneficial Features — Cummins* Bill Omitting criticisms of phraseology and detail, I consider some of the benefits sought to be promoted by the proposed measure are: I 1. Return of the railroads to private ownership.
2. Funding of indebtedness of the roads to the government for capital expenditures made during Federal control — ^but certainly it ought to be for not less than ten years rather than five years, considering financial conditions generally, and the annual require- ments for capital b...y the railroads, while, for general indebtedness, some security other than demand notes should be provided, other- wise credit will be imperiled rather than helped by such funding.
This is equitable because the government assumed control, and should leave the railroads in at least as sound physical and finan- cial condition as when they were taken over, and capable of carrying on the transportation business of the country. In the war period while the merchants, the industries, the farmers and others were protected by higher prices, and were given a basis on which to make profits consistent with the higher living costs, the railroads imder government control were not placed in that position.
What to read after The Railroad Problem, a Discussion of Current Railway Issues ..?
You can find similar books in the "Read Also" column, or choose other free books by American Academy of Political And Social Science to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Beneficial Features — Cummins* Bill Omitting criticisms of phraseology and detail, I consider some of the benefits sought to be promoted by the proposed measure are: I 1. Return of the railroads to private ownership.
2. Funding of indebtedness of the roads to the government for capital expenditures made during Federal control — ^but certainly it ought to be for not less than ten years rather than five years, considering financial conditions generally, and the annual require- ments for capital b...y the railroads, while, for general indebtedness, some security other than demand notes should be provided, other- wise credit will be imperiled rather than helped by such funding.
This is equitable because the government assumed control, and should leave the railroads in at least as sound physical and finan- cial condition as when they were taken over, and capable of carrying on the transportation business of the country. In the war period while the merchants, the industries, the farmers and others were protected by higher prices, and were given a basis on which to make profits consistent with the higher living costs, the railroads imder government control were not placed in that position.
What to read after The Railroad Problem, a Discussion of Current Railway Issues ..?
You can find similar books in the "Read Also" column, or choose other free books by American Academy of Political And Social Science to read onlineMoreLess
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