William Howard Taft,
New York v. United States (257 U.S. 591…
“ The next objection is that the state has a charter contract with the New York Central Railroad Company by which the latter is bound not to charge more than two cents a mile for passenger carriage between Albany and Buffalo, and that if the Transportation Act permits the Interstate Commerce Commission by such an order to enable the railroad company to violate its contract, it impairs the obligation of a contract in violation of section 10, article 1, of the Federal Constitution. ”
