The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-05-14
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I Report of the Corporation \
4 Commission of Oklahoma. \
Data OF Vast Importance and Interest 70 the People Of
" the New State. e %
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DIVISION OF STATISTICS AND
ACCOUNTS

This Department had been actively engaged the compilation Of
condensed statements ddube from The annual reports OF ubh ser
Corporations to this Commission The tables prepared should Ds
OF practical value TO all concerned
In addition to making these compilations this Department
qred and look into the accounts OF all
Public Service Corporations in accordance with the law creating s
Commission Uniform systems of accounting for all corporations ana
persons under its supervision must OF necessity be established ana
maintained thorough understanding Of accounts required and
correct principles be applied An and Sufficient knowledge
Of the affairs operation Of Public Service Corporations Of ex
me importance analysis and publication PRO
TECT the PUBLIC INTERESTS Statistics worthy Of
hdence unless upon relative units completely standardized The
Constitution wisely endowed this Commission with jurisdiction
On May 18TH 1908 harng and in conference with the Chief
railway accounting officers the formulation Of standard accounting
system nearly accomplished line with that established by the
Interstate Commerce Commission and the results are practically
bodied in accounting Circular No page
scheme Of accounts for Gas Corporations Electrical Corpora
TONS Street Railways Express Telephone and Telegraph companies
now in process Of formuaonsubsana harmony with standard
plans Is intended
Foreign Corporations required segegae all revenue and
expenses pertaining to Oklahoma The fundamental principles
bodied prevailing accounting and statistical schemes will be defend
ed The Interstate Commerce Commission easshcatons will be the
basis,
Il believed that the figures hereinafter submitted complied
with real accuracy and huness from the reports submitted to this
Commission Many reports submitted contain internal evidences
Of but owing the extreme tenes OF the filing o these re-
ports with this Commission must be corrected by subsequent
correspondence
The Income profit Loss and Comparative accounts
be fully relied upon for the reason that the Balances Check cor
recy with Balance reported stockholders copies Of these
ports stockholders having been secured by this Commission The
reports Of the telephone companies excepting the Pioneer
have been checked by the Commissions Auditor
Cost Of Property accounts not dependable owing to the
inclusion Of the discounts at which the stock bonds and other se
curies issued Failure properly separate Operating Ex
pense from Capital Expenditures is another cause.
" hoped that mandatory Classification OF accounts 70 Be pre-
scrbed BY this Commission will assist hereafter IN getting statistics
Of greater significance than those embodied IN this report especially
with reference other than railway statistics However, Il hoped
that the correspondence had BY this Commission IN connection with
the correction Of annual and monthly reports may not be entirely
For handy reference and clearnss Of statement this statistical
report is arranged under separate titles, as follows;