(4) That the rates and services of interstate carriers shall continue
to be regulated by the Interstate Commerce Commission; that the
commission shall be enlarged by the addition of two new members,
making eleven in all; and that the commission shall have authority:
(a) to make inquiry continuously concerning the transportation
facilities and services of the whole country, and when and how they
should be improved; the state of the credit of all common carriers;
and the new capital which the public interest may require any
carrier to secure;
(b) to permit the consolidation of two or more carriers provided
that such consolidation is in harmony with a comprehensive plan
(previously adopted by the commission) for consolidating all of the
railroads of the country in a limited number of strong competing
systems, and also provided that, in the opinion of the commission,
the proposed consolidation is in the public interest;
(c) to fix interstate rates that shall be just, reasonable, and
adequate;
(d) to determine the valuation of railroad property;
(e) to prescribe a uniform accounting system for all carriers;
(f) to exercise exclusive jurisdiction over capital expenditures and
the issuance of securities by carriers;
(g) to prohibit the extension of present lines or the construction
or acquisition of new lines by any carrier until it has obtained
from the commission a certificate of public necessity and
convenience;
(h) to require the construction of docks and rail connections
between rail and water carriers;
(i) to provide when necessary for the redistribution of traffic and
for joint use of terminals;
(j) to exercise jurisdiction over the use, control, and supply as
well as the movement, distribution, and interchange of locomotives
and cars and also over the supply, movement, and operation of
trains; and
(k) to order a carrier to install automatic train-stop or
train-control devices.
(5) That the wages and working conditions of railroad employees shall
be regulated by a Railroad Labor Board composed of three
representatives of the carriers, three representatives of the
employees, and three representatives of the public; and that disputes
between the carriers and their employees in regard to rules or working
conditions may be referred to railroad boards of labor
adjustment--local, regional, or national--voluntarily organized
between the roads and their employees, or if such boards are not
voluntarily formed, such disputes shall be decided by the Railroad
Labor Board.
Public-domain text, read in full here on John Shaqi.
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