The Annals of the American Academy of Political and Social Science Volume 75-77

The Annals of the American Academy of Political and Social Science Volume 75-77

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 edition. Excerpt: ...March 23, 1912, the efiective date of the Public Utilities Act, being the largest amount of such investment in any corresponding period of the state's history. ' By reason of the peculiar facts surrounding railroads engaged in interstate commerce, the control of their security issues by the states has not been as prompt, satisfactory and effective as the railroads, their patrons and their investors have the right to expect. For that reason the ineflective control over railroad security issues now established in a portion of the states of the Union should give way to prompt, effective-and unified control by the federal government. THE POINT NOW REACHED IN THE FEDERAL REGULATION OF INTRASTATE RATES BY J. A. LITTLE FEDERAL AUTHORITY OVER INTRASTATE COMMERCE BEFORE THE SHREVEPORT CAsEs The principal motive which actuated the sovereign states in sending delegates to the convention which framed the Constitution of the United States is not mentioned in the Preamble to that instrument but is found in Article 1, Section 8, which delegates to Congress, among other things, the power "to regulate commerce with foreign nations, and among the several states and with the Indian tribes." ' The history of the period following the treaty of peace with Great Britain and prior to the ratification of the Constitution amply bears out this statement. To find-a remedy for the conflict between the states which threatened to destroy the weak offensive and defensive alliance of the original thirteen states which was embodied in the Articles of Confederation, Rhode Island presented resolutions calling for a central body to regulate commerce; James Monroe, as a member of the federal Congress, brought in resolutions saying that such more

Product details

  • Paperback | 344 pages
  • 189 x 246 x 18mm | 617g
  • United States
  • English
  • black & white illustrations
  • 1236849647
  • 9781236849649