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Physical Valuation of Property of Common Carriers
Physical Valuation of Property of Common Carriers Author:United States Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: penses of the commission, but we are required to cooperate and aid in every way that is necessary, and that means we must make up profiles and reports of all kin... more »ds, and we can not furnish these things without paying men to do them, which, of course, is going to add to our expenses considerably in the next three or four years. On page 8, commencing with line 13, we would like to shorten that paragraph, and. we think, improve it. We would like to make it read: To assist the commission in making such changes and corrections in its valuation, every common carrier subject to the provisions of this act shall make snch reports and furnish such information as the commission may require. The way it reads there is that we shall furnish a copy of every contract that we shall make for improvement. That is a tremendous work, and sometimes we ourselves have contracts which are not specific. This makes it mandatory, the way it is written there, that we shall furnish a copy of every improvement contract. 80 that we suggest that that paragraph be made to read: "To make such reports and furnish such information as the commission may require." In line 22 the words " become permanent " we suggest be changed to read " be adopted." This bill says on its face that the valuation which is to be made shall not be permanent, because it provides for corrections from year to year. Therefore we think the words " shall be adopted '' are better than " shall become permanent." And we suggest the same change in line 9. on page 9. Also the same change in line 19—" should not be adopted " instead of ' should not be made permanent." The same suggestion is made in regard to line 21—" shall issue an order adopting such corrected valuation." The same in line '22: that should read, in our judgment. "...« less