Rate Research Volume 2-3

Rate Research Volume 2-3

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 edition. Excerpt: ...surplus, although this distinction can often be correctly made only by a thorough knowledge of the company's affairs. While such surplus may be due in some measure to skill and foresight in the management, it may be, and often is, due in part, to the general growth and prosperity of the community in which the company is located. The value of the former to the community, may well be liberally recognized, but some recognition of the latter may, with equal justice, be accorded the public. This company has grown and prospered along with, and in large measure because of, the growth of the community in which it is located. While it has been prudently and skil fully managed, its officers would doubtless concede that a portion of its prosperity is clearly the outcome of the prosperity of the town in which it is located. 82--Approciation. There is a growing recognition of the truth of the proposition that a public-service company is not entitled to a return upon the unearned increment in value of its real estate, but investment out of profits which it has been able to make solely through the general growth of the community which it serves, has many similar attributes. It will commonly be found that a company's surplus is based on managerial skill and foresight, needlessly high rates, or the general prosperity of the community, or, more frequently, to two or more of these combined; and while it may be difiicult to determine what proportion is justly attributable to any one of these causes, there can be little question that the general growth of the community is an important factor. Whether because of a recognition of this principle, or due to some other, it has been unlawful for many years in this State, for a corporation of this class...show more

Product details

  • Paperback | 356 pages
  • 189 x 246 x 19mm | 635g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236816412
  • 9781236816412