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First great test of the Commission's recapture power came in the famed case of the tiny St. Louis & O'Fallon Ry. (TIME. May 27, 1929). The Supreme Court voided the Commission's assessment against that Class II line on the ground that in fixing its valuation the Commission had not given due weight to reproduction costs at present price levels. An item might have cost a railroad $900 in 1913. The object might have been perfectly good and serviceable in 1923. But if the railroad were obliged to replace it, the railroad might have been obliged...
...happy day that fixed my choice On Thee, my Savior and my God! Well may this glowing heart rejoice, And tell its raptures all abroad. Chorus: Happy day, happy day, When Jesus washed my sins away! He taught me how to watch and pray, And live rejoicing ev'ry day; Happy day, happy day When Jesus washed my sins away...
...worst that could fairly be said against his Government was that he recently accepted the resignation of Minister of Justice Raoul Peret when it appeared that many years ago M. Peret was the attorney of M. Albert Oustric, French swindler jailed last month. Senator René Héry of the Democratic Left who led the attack on M. Tardieu adroitly made the most of this...
...board of trustees. Among them: Robert Julius Thorne, one-time president of Montgomery Ward & Co.; Charles F. Glore of Field, Glore & Co.; Albert Blake Dick Jr. (mimeographs); President DeForest Hulburd of Elgin National Watch Co.; Clayton Mark (steel); Cyrus Hall McCormick (harvesters) ; President Fred Wesley Sargent of Chicago & Northwestern Ry.; Louis Franklin Swift (packer...
Thou, America, enshrined, In ev'ry patriot soul, To olden greeds and hatreds blind, In unity thy strength shall bind The nations that they find In brotherhood their goal...