Report of the Board of Arbitration in the Matter of the Controversy Between the Eastern Railroads And the Brotherhood of Locomotive Engineers Appointed in Conformity With An Agreement of the Parties Made At New York City Under Date of April 30th, 1912

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The award regarding the allowances made when men are held away from their home terminal is in general accord with the principle now in force on several of the important roads in the Southern District.
GENERAL CONSIDERATIONS The Board of Arbitration might be regarded as having per- formed their assigned task in making the preceding awards. But the investigations of the Board have necessarily led them to consider the broader aspects of the problems before them; and because of this they present ce
...rtain general considerations to the railroad managers, to the engineers, and to the general public.
COMMISSION CONTROL OF PUBLIC UTILITIES Until within a few years the holders of railroad bonds and stocks regarded the railroads as exclusively their private property, with which they were free to do substantially as they pleased.
The roads were operated precisely in the same spirit as industrial enterprises. The controlling idea was to give the largest return to the owners of the stocks. It is of course true that many railroad managers realized that they had certain public responsi- bilities, but the latter were often regarded as secondary con- siderations.


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