Railroad Valuation and Rates by Mark WymondRailroad Valuation and Rates by Mark Wymond

Railroad Valuation and Rates

byMark Wymond

Paperback | October 12, 2012

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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. 1916 edition. Excerpt: ... VALUATION General Valuations of property are made for various purposes. The valuation of steam railroad property is made usually for either of the following purposes: Taxation. Financing. Sale, Consolidation or Segregation of one or more properties. Lease--Trackage rights. Establishing a system of accounting. Rate Regulation. The State of Michigan was the first to undertake the valuation of railroad property for the purpose of establishing the taxable value. Later the State of Wisconsin, under a clause in its taxing laws which provided for the taxing of railroad property on the same basis as other property in its vicinity, valued all of the railroads in that state. These valuations were also used in connection with rate regulation. In procuring additional capital for railroad purposes, it is becoming more the general practice among banking interests to require a valuation of the physical property used as the basis for such financing. In 1912 the Canadian Commission required the Canadian Pacific Railway to have its property in the Province of Ontario valued, before allowing a large issue of new securities. Very often bonds are issued secured by some terminal, bridge or large yard, and the specific property mortgaged is valued to determine the margin of safety of the loan. When one railroad company is consolidated with another, the relative values of the physical properties, under some circumstances, will affect the agreement providing for the consolidation. In some instances, mining and lumbering companies have owned both the mine or timbered area and the railroad serving it. After the country has developed to such an extent that it has become an important public carrier, the State and Interstate Commerce Commissions have demanded the...
Title:Railroad Valuation and RatesFormat:PaperbackDimensions:92 pages, 9.69 × 7.44 × 0.19 inPublished:October 12, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217745784

ISBN - 13:9780217745789