Railroad Valuation and Fair Return : A Study of the Basis, Rate, and Related Problems of Fair Return for American Railroads

An estimation and calculation of interest, depreciation, etc., under the "Rule of Rate-making" of the Transportation Act of 1920. Foreword Preface Contents 1. Introduction Part I. The Basis of Return 2. Fair Value for Rate-Making Purposes 3. Original Cost and Cost of Reproduction 4. Depreciation, Intangible Values, and the Future Rate Base Part II. The Rate of Return 5. Economic Analysis of Fair Return 6. Criteria of a Fair Rate of Return 7. The Statutory Rate of Return for Steam Railroads Part III. Related Problems 8. Recapture of Excess Income 9. Equalization of Railroad Earnings 10. Railroad Financial Return since 1920 11. Summary and Conclusions Appendix A: Excerpts from the O’ Fallon Decision Appendix B: Selected statistics: railway property investment, net railway operating income and accrued depreciation Appendix C: List of carriers which made payments of one-half of their excess income as tentatively reported for the recapture periods 1920-1928, showing the amount paid by each carrier up to October 31, 1929 Bibliography Index