Judge Lovett Opposes Broad Transcontinental Rail Consolidation
Judge Lovett testifies against sweeping four system mergers, arguing a single Hill system would dwarf rivals and risk public harm. He warns about grain flow bias to Gulf ports, urges careful, phased consolidation, and cites Pacific rail relationships and legal constraints.
MENTIONED IN THIS ARTICLE
Union Pacific
Puget Sound
Chicago & Northwestern
Lovett
Hill Lines
United States
International & Great Northern
Texas& Pacific
St. Louis-San Francisco
Missouri Pacific
Toledo, Peoria & Western
Missouri, Kansas & Texas
Southern Pacific
Hill
Ora
Ripley
Congress Pursues Legislation to Address Emerging Problems
The text notes ongoing congressional efforts to craft measures that would tackle issues likely to arise. It emphasizes that new laws aim to anticipate future challenges and provide frameworks for resolution.
Rail consolidation plans face value and equity hurdles
The article argues consolidation would assign value by earning capacity and not capitalize losses. It warns of weak railroads failing, benefits to strong roads only at actual value, and risks of disrupting traffic and centers if systems weld together. It notes government policy aims for cooperation within stockholders and employee duties.
MENTIONED IN THIS ARTICLE
Contimeral
United States
Rairoads
Commission
Congress
Also Mentioned on This Page
Robert 5. Lovett
Western Territory
Pacific Ocean
Great Lakes
Mississippi River
Gulf of Mexico
Mr. Holden
New York Central
Pennsylvania
New York
Chicago
St. Louis
Gulf
Atlantic Seaboard
Great Northern
Northern Pacific
Burlington
Milwauke & St. Pauli
Chicago Great Western
Atlantic
Gulf Ports
Kansas-City-or-St. Louis
Chicago &Northwestern
Chicago, Milwaukee and
St. Paul
Santa Fe
North Pacific Coast
Union Pacific Southern Pacific
Santa Fee
Cascade Mountains
Holden
Milwaukee
Banta Fe
Kansas City
Chicago -Northwestern
Lirles
Creea
Paris
Idaho
Mings
H.B. Whitman
Garag
James Dunn
Oeze
E F. Guyon
M. D
Aiter Bros
Montpelier
DR. J. Wiley Hooper
Brennan & Davis Bldg
Browning
Tot Einai
American Tobacco
Popular Mechanics
Popular Mechanics Company
Ontario Street
Ill
Pitts
International Stocking Mills
Norristown
Army Munson
THE
U.S. Stores CO
Broadway
New York City
Dr. A. L. Chilton
Pocatello
P. O. Box
H. E. Coles Company Incorporated
Hall
F. J. Cheney & Co
Toledo
Grocer
Pendrey Grocery & Meat CO
Eureka
Utah Power-&-Light—Company
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