Proceedings of the Annual Conference of the League of Pacific Northwest Municipalities

Proceedings of the Annual Conference of the League of Pacific Northwest Municipalities

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 edition. Excerpt: ... majority of cases the evils of over-capitalization have fallen on the stockholders rather than on the customers for service, for the law has long been established and often repeated by the supreme courts of our states and the United States that the rate oi return to be considered in rate adjustment cases must be computed cn the fair present value of the property and not on the par value of the stocks and bonds outstanding. There is always the disposition to hurriedly dispose of such questions by a partially informed public which looks with suspicion on an array of technical information, whereas equitable relief for all parties should be sought through the medium of an impartial board vested with the power and dignity of a court. Another of the misunderstandings of the public which has done much to bring about state regulation has been the abuse of the power of municipalities to grant franchises to competing utilities. In every state where public service commissions have taken up In earnest the great work of corporation control there has been announced the doctrine that a public utility is a natural monopoly and that the interests of the people are best served by regulating and protecting such monopoly in the discharge of its duties as long as it conforms to the obligations of the law. Opposed to this, the policy of our cities has been to encourage competition and in this manner they have helped to create the very conditions which are now criticised and from which they seek to escape. It is difficult to comprehend what a city expects to accomplish by permitting another utility to enter its boundaries when there is already one which serves the public adequately at reasonable rates. If the existing utility is giving inadequate service or more

Product details

  • Paperback | 70 pages
  • 189 x 246 x 4mm | 141g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236588355
  • 9781236588357