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Pennsy VP before Senate Rail Inquiry. Washington, D.C., Dec. 21. After hearing Chairman Wheeler of the Senate Inquiry charge the Pennsylvania Railroad with violating ICC decisions and concealing facts from stockholders in purchasing railroad stocks from 1925 to 1928, [...]County Financial Vice President of the Road, testified the purchases were made to protect the interests of the stockholders. He added this was in line with a program then being considered to divide the Railroads of the East into four great systems. 12/21/37
Senate Committee questions Pennsy head. Washington, D.C., Dec. 15. Martin W. Clement, President of the Pennsylvania Railroad, today told the Senate Rail Inquiry that there had never been any objection from the Interstate Commerce Commission to salaries paid Directors of the road. At the same time, Clement admitted that his own salary had been increased from $60,000 to $100,000 on January 1, 1937. After hearing+F14 Clement, Chairman Wheeler criticized the ICC for their lack of supervision of the railroads and placed the blame for the current rail troubles at their door, 121537
Rail Inquiry Chairman and Pennsy head view chart of Penna. R.R. holding companies. Washington, D.C., Dec. 15. A huge chart showing the numerous subsidiaries controlled by the Pennsylvania Railroad was on display at the Senate Rail Inquiry Committee room today. Chairman of the committee, Senator Burton K. Wheeler (left) is shown viewing the chart as he questions Martin W. Clement, President of the Pennsy, about the salaries paid directors of the road. Clement told the committee that his own salary had been increased from $60,000 to $100,000 on January 1, 1937, 12/15/37
Senate Committee questions Pennsy head. Washington, D.C., Dec. 15. Martin W. Clement, President of the Pennsylvania Railroad, today told the Senate Rail Inquiry that there had never been any objection from the Interstate Commerce Commission to salaries paid Directors of the road. At the same time, Clement admitted that his own salary had been increased from $60,000 to $100,000 on January 1, 1937. After hearing+F14 Clement, Chairman Wheeler criticized the ICC for their lack of supervision of the railroads and placed the blame for the current rail troubles at their door, 12/15/37
Denounces rail inquiry. Washington, D.C., Oct. 28. Treasurer of the Missouri Pacific Railroad, William Wyer today denounced the Senate Rail Inquiry and accused acting Chairman Truman of "innuendo, misrepresentation and libel." Wyer described the investigation as an attack upon his personal integrity, rather than an attempt to lay before the Congress complete information of the activity of the Van Swerigan Rail Empire. Wyer is shown reading the statement to Committee after which it was put in the record, 10/28/37
Railway heads. Washington, D.C., March 11. M.W. Clement, (left) President of the Pennsylvania Railroad, and Daniel Willard, Prexy of the B&O, pictured at the meeting of the Board of Directors of the Association of American Railroads here today. The Executives were called into special session to seek a relief for the "critical financial condition" of the Nation's largest industry, 31138
Senate quizzes Wabash R.R. head. Washington, D.C., Dec. 20. Before the Senate Rail Inquiry today, A.K. Atkinson, Vice President, Secretary and Treasurer of the Wabash Railroad, testified that from January 1926 through January 1927, the road secretly purchased 231,319 shares of Lehigh Valley stock at a cost of $23,263,571. These purchases were made, Atkinson said, without authority of the Board of Directors. Chairman Wheeler indicated the transactions a "shocking revelation" and urged immediate legislative action to curtail the "juggling of books," 122037
Denounces rail inquiry. Washington, D.C., Oct. 28. Treasurer of the Missouri Pacific Railroad, William Wyer today denounced the Senate Rail Inquiry and accused acting Chairman Truman of "innuendo, misrepresentation and libel." Wyer described the investigation as an attack upon his personal integrity, rather than an attempt to lay before the Congress complete information of the activity of the Van Swerigan Rail Empire. Wyer is shown reading the statement to Committee after which it was put in the record, 102837
Railway heads. Washington, D.C., March 11. M.W. Clement, (left) President of the Pennsylvania Railroad, and Daniel Willard, Prexy of the B&O, pictured at the meeting of the Board of Directors of the Association of American Railroads here today. The Executives were called into special session to seek a relief for the "critical financial condition" of the Nation's largest industry, 3/11/38
Pennsy VP before Senate Rail Inquiry. Washington, D.C., Dec. 21. After hearing Chairman Wheeler of the Senate Inquiry charge the Pennsylvania Railroad with violating ICC decisions and concealing facts from stockholders in purchasing railroad stocks from 1925 to 1928, ...County Financial Vice President of the Road, testified the purchases were made to protect the interests of the stockholders. He added this was in line with a program then being considered to divide the Railroads of the East into four great systems. 122137
Summary
Two men in suits sitting at a table, Library of Congress Harris and Ewing collection
Title from unverified caption data received with the Harris & Ewing Collection.
Gift; Harris & Ewing, Inc. 1955.
General information about the Harris & Ewing Collection is available at http://hdl.loc.gov/loc.pnp/pp.hec
Temp. note: Batch five.
The Harris & Ewing, Inc. Collection of photographic negatives includes glass and film negatives taken by Harris & Ewing, Inc., which provide excellent coverage of Washington people, events, and architecture, during the period 1905-1945. Harris & Ewing, Inc., gave its collection of negatives to the Library in 1955. The Library retained about 50,000 news photographs and 20,000 studio portraits of notable people. Approximately 28,000 negatives have been processed and are available online. (About 42,000 negatives still need to be indexed.)
Tags
district of columbia
washington dc
glass negatives
harris and ewing collection
harris and ewing
photo
senate rail inquiry
senate inquiry charge
stockholders
pennsylvania railroad
railroad stocks
county financial vice president
ultra high resolution
high resolution
politicians
stockphoto
raw image
free stock photos
photo online free
free no copyright images
united states history
politics and government
library of congress
Date
01/01/1937
in collections
Location
district of columbia
Source
Library of Congress
Link
Copyright info
No known restrictions on publication. For more information, see Harris & Ewing Photographs - Rights and Restrictions Information http://www.loc.gov/rr/print/res/140_harr.html