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His friends owned most of the rest, enabling them to set the railroad rates across the country.
The climax came with legislation to regulate interstate railroad rates.
The regulation of railroad rates was, somehow, at the center of the national psyche.
His veto of controversial legislation regulating railroad rates, however, was sustained.
Hastings frequently testified before government bodies about railroad rates.
However, as the railroad was still required to operate under railroad rate structures, its highway operations lost money.
Southern California's real estate "boom" of 1886-1888, fueled by railroad rate wars, also contributed to a marked increase in population.
By 1871, the situation was so heated that both the Republican and Democratic candidates in state elections promised to regulate railroad rates.
This act gave the Federal government the power to set railroad rates, and was an important precedent in Federal regulation of private industry.
The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.
"Don't you think that it would be advisable-before all prices are frozen-to adjust the matter of the railroad rates?
He argued that banks and financiers had too much political influence, and proposed regulating railroad rates.
During his four years in office, he promoted the regulation of railroad rates, equal taxation, and municipal ownership of public utilities.
Before regulations were lifted by the Staggers Act, enacted in 1980, the Government controlled many aspects of railroad rate setting.
Another provision of the act gave the ICC immediate power to suspend railroad rate hikes.
He indicated that it was the province of the states to decide the policy question of railroad rates, and not that of the judiciary.
A postal savings system was established, and the Interstate Commerce Commission was directed to set railroad rates.
During the Progressive Era of the early 20th century, laws were passed restricting monopolies (the antitrust movement) and regulating railroad rates.
The limitation on railroad rates depreciated the value of railroad securities, a factor in causing the Panic of 1907.
Swanson fought against child labor, lowered railroad rates and raised corporate taxes, while systematizing state services and introducing modern management techniques.
The ICC was authorized to investigate proposed railroad rate increases and suspend them if warranted.
Government Regulation of Railroad Rates (1905)
Ogden was chosen over Salt Lake City because it had more favorable railroad rates, more local amenities, and a stronger business community.
The limitation on railroad rates depreciated the value of railroad securities, and meant that railroads stopped ordering new plant including locomotives.
While on the Commission, he urged Congress to increase regulation of railroad rates, and allow the Commission to value railroad property.