The Valuation of Public Service Corporation Property Transactions of the American Society of Civil Engineers, vol. LXXII, June, 1911, ASCE 1190

Assuming, as apparently the propounder does, that the proposition is uncomplicated by any questions of franchises, public rights in the land on which the bridge and its approach...

Although the author's experience in valuing corporate property has been principally in connection with the Michigan appraisal of railroads, and to him is largely due the credit...

"I think the method of valuation applied by the report to land, plant, mains, services, and meters lawful. To 'working capital, Coke and Coal Company, and Astoria' the above con...

_First._—The physical value, depreciation, and going value are entirely neglected, and the entire valuation is fixed on the basis of its earning power throughout the remaining l...

This is stated again and again. It must be remembered that, for railroad uses, the strip must be continuous; that it must be located so as to permit curves and grades which conf...

(_b_) The true net earnings are added together and the mean taken; if, in the period from the beginning to the date of appraisement, any deficits are found, these are deducted f...

That the Physical Value, or present value of the physical property, should fairly represent the actual capital invested in the property at the date of appraisal; that it should...

The points in favor of inspection to determine the physical condition of the object to be valued are convincing, where the structure may be readily inspected. Mortality tables m...

The fact that such a staff of engineers, of wide experience in railroad construction and maintenance, had been assembled, made it feasible to carry out a plan of the appraiser w...

The task of securing from old accounting department records an accurate statement of cost is—and the writer says it with the confidence born of experience—an impossibility. It i...

The statement that no appraiser would be justified in placing a going concern value on a property 3 years old, or 10 years old, unless the net earnings were such as to indicate...

The method described as having been used by Professor Adams seems to be at least an advance toward a logical and rational method of getting at the value of corporation property,...

The first conception, for fixing the cost of the several items, is to consider the railway to be reproduced as being non-existent at the time the estimate is made, but having th...

It may not be amiss to state here that in such a work no set of unit prices could possibly be adopted which would not work some apparent injustice. A number of Michigan lumber r...

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In the published articles treating on the subject of valuation, much stress is laid on the intangible or non-physical elements of value. They have been termed "going concern val...

Of the other four bridges, the Cincinnati and Covington Elevated Railway and Transfer Bridge—commonly known as the Chesapeake and Ohio Railway Bridge—the Covington and Cincinnat...

The reasonableness of a rate depends, not alone on the amount of capital invested, but on the volume of traffic, the density of population, the actual cost of service, and many...

These cases involve both matters of taxation and rate-making. They cover railroads, water-works, gas-works, and other classes of public service corporations, and clearly demonst...

E. KUICHLING, M. AM. SOC. C. E. (by letter).—This paper is a very valuable addition to the literature of a comparatively new subject that is rapidly attaining great political im...

Bearing in mind that the foregoing was addressed to the particular proposal made by Professor Adams, that being the topic on which the writer was invited to speak, a proposal ex...

WITH DISCUSSION BY MESSRS. F. LAVIS, CHARLES H. HIGGINS, S. D. NEWTON, WILLIAM V. POLLEYS, C. P. HOWARD, J. E. WILLOUGHBY, HENRY C. ADAMS, CARL C. WITT, R. A. THOMPSON, CHARLES...

3. The worth of the service to the consumers, based on a stated assumption of reasonable increment in value in excess of actual cost, upon which a return (or interest and profit...

Regulation of rates by governmental authority, which means their limitation to that which is reasonable and just, will probably in the future be the purpose in the making of mos...

"I think it obvious, as I have endeavored heretofore to point out, that either for the purpose of condemnation or regulation the value of a franchise depends wholly upon what is...

(_1_) That the naked land value is not a proper one to use in country lands, but that the going value of country lands with all improvements should be used as a basis for comput...

Mr. Riggs states that the valuation should be the same, regardless of the principles at issue. It seems questionable to consider the fair value which involves the non-physical v...

══════════╤════════════════════╤════════════╤════════════╤════════════ County. │ Name of road. │ Name of │ Appraisal, │ Actual │ │ village. │ 1900. │ transfer. │ │ │Average per...

The Commission of Texas interpreted the law to mean the estimated cost of reproducing or duplicating the properties at the date of valuation, allowing current market prices for...

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In supporting valuation as an expedient in taxation of railway property, Mr. Riggs seems to rely on a table made up from Professor Adams' Bulletin No. 21, as expert employed by...

"What is the Value of a Railroad for the Purpose of Taxation?" Charles Hansel, M. Am. Soc. C. E. _Railroad Gazette_, April 19th, 1901. Discussion of the work done by Professor M...

Many properties have been built in the United States, representing large investments of capital, which are not, and some of which can never be, profitable business investments....

┌─────────────────────────────────────────────────────────────────────┐ │Name of Operating Form 3 _________________│ │Company __________ _Field Inspector_│ │Section Number _____...

╒═════════════════╤════════╤════════╤═════════════════════════════════╕ │ Item. │ Per- │Present │ COST PER MILE, ON BASIS OF: │ │ │centage │ value. │ │ │ │of each │ Cost │ │ │ │...

┌─────────────────────────────────────────────────────────────────────┐ │MICHIGAN RAILROAD T.C. Form R.R. 21 __________________│ │APPRAISAL _Office Inspector_│ │______ Railroad...

╒═╤════════╤══════╤═══════╤═════╤═════╤═════╤═════╤═════════╤══════ │ │LOCATION│ Wire │Length │ No. │Size │ No. │Size │Condition│ Kind │ │ │ or │ of │Posts│ of │Plank│ of │Per C...

╒═╤══════╤════════╤══════╤══════════════════════════════════════════ │ │ │ │ │ FOUNDATION ├─┼──────┼────────┼──────┼─────────┬─────────┬─────┬─────────┬────── │ │Bridge│LOCATION...

┌─────────────────────────────────────────────────────────────────────┐ │Name of Operating Form 20 _________________│ │Company __________ _Field Inspector_│ │Section Number ____...

┌─────────────────────────────────────────────────────────────────────┐ │Name of Operating Form 28 _________________│ │Company __________ _Field Inspector_│ │ MINNESOTA RAILROAD...