Governmental Regulation of Common Carriers By Railroad An Address Delivered Bef
Governmental Regulation of Common Carriers By Railroad An Address Delivered Bef
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C. C, at page 379- 34 In 1914, the last year for which the figures are available, wages were approximately 62. 4 per cent, of the operating expenses (exclusive of taxes), and 45 per cent, of the operating revenues. Notwithstanding the necessary relation between passenger and freight rates of the Carriers, and the wages paid their employees, the Act of Congress does not provide for the representation by the Interstate Commerce Commission in the arbitration proceedings under the Act, and we have ...had, therefore, in the past, decisions by arbitrators, increasing wages, without the slightest responsibility on the part of the arbitrators, with respect to the rates necessary to secure the funds to provide for such increases. Thus in the 1913 Arbitration between the Eastern Railways and the Order of Railway Conductors and Brotherhood of Railroad Trainmen, the report of the Arbitrators, in granting the increase said (page 29) : "The Interstate Commerce Commission, and not this Arbitration Board, has the duty ot de- termining whether the railroads can earn in addi- tion to their other charges, without an increase in freight rates, the rates of pay that this Board believes to be due at the present time to the con- ductors and trainmen, which rates are embodied in the Award following.
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To quickly assess the difficulty of the text, read a short excerpt:
C. C, at page 379- 34 In 1914, the last year for which the figures are available, wages were approximately 62. 4 per cent, of the operating expenses (exclusive of taxes), and 45 per cent, of the operating revenues. Notwithstanding the necessary relation between passenger and freight rates of the Carriers, and the wages paid their employees, the Act of Congress does not provide for the representation by the Interstate Commerce Commission in the arbitration proceedings under the Act, and we have ...had, therefore, in the past, decisions by arbitrators, increasing wages, without the slightest responsibility on the part of the arbitrators, with respect to the rates necessary to secure the funds to provide for such increases. Thus in the 1913 Arbitration between the Eastern Railways and the Order of Railway Conductors and Brotherhood of Railroad Trainmen, the report of the Arbitrators, in granting the increase said (page 29) : "The Interstate Commerce Commission, and not this Arbitration Board, has the duty ot de- termining whether the railroads can earn in addi- tion to their other charges, without an increase in freight rates, the rates of pay that this Board believes to be due at the present time to the con- ductors and trainmen, which rates are embodied in the Award following.
What to read after Governmental Regulation of Common Carriers By Railroad An Address Delivered Bef?
You can find similar books in the "Read Also" column, or choose other free books by George Stuart Patterson to read onlineMoreLess
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