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State of the Union

1923-1928

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Author: Calvin Coolidge
Published: 1928
Language: English
Wordcount: 51,695 / 165 pg
Flesch-Kincaid Reading Ease: 39.4
LoC Category: J
Downloads: 397
mnybks.net#: 1869
Genre: Politics
Excerpt

attempting to insure justice between the companies and their employees. It has been a great help, but is not altogether satisfactory to the public, the employees, or the companies. If a substantial agreement can be reached among the groups interested, there should be no hesitation in enacting such agreement into law. If it is not reached, the Labor Board may very well be left for the present to protect the public welfare.

The law for consolidations is not sufficiently effective to be expeditious. Additional legislation is needed giving authority for voluntary consolidations, both regional and route, and providing Government machinery to aid and stimulate such action, always "subject to the approval of the Interstate Commerce Commission. This should authorize the commission to appoint committees for each proposed group, representing the public and the component roads, with power to negotiate with individual security holders for an exchange of their securities for those of the, consolidation on such terms an

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