The Bridgeport evening farmer., 1913-12-04
The Story Of BridgepOrt'S Gas Monopoly

except the entry itself
 But following explanation instantaneous and re- marab expansion of plant and equipment given by Charles Francis Deirich director of the company said
 orde therefore adjust the value of plant and equip ent to the total amount of the bonds capital stock sued and the outstanding bonds this valuation was agreed upon. (Field Report. P. 2O)
 These trustees not then used for the public to supply it with They had wanted of physical values behind the directors had occasion to con sder the value of the property they desired oo unless they should have million of full paid stock.
 In the resolution antecedent to increasing the suing the asserted oc s1 19ol said fran s4 1oooooo.' Directors Minutes. 1a)
 And this again device to bolster securities
 The situation at the beginning follows The stockholders had $3OOOoo by The value of plant and equipment the books stood This by s4ooooo the value of the Citizens property Total $889 ,53O.4O.
 After 1902 plant equipment increased $974 329.91. Total value $1,86386o39
 ALLOWANCE FOR DEPRECIATION
 But this should be decreased by gas plant wastefu public It should be further decreased by just allowance for the Citizens property at the time of it's sale established by the courts committee by for the respondent competent business the highest standing proby appraisal to fix the true and just property guide prospective purchasers Justice required this valuation be just and reasonable To that it requires assumption that the court the courts committee conspiracy the creditors the Citizens bond holders assumption by highly probable.
 This purchase did bring company s4ooooo in values properly chargeabe against purposes company prospectus contempor ary with the purchase Feld Report 11 there 1.-two separate and independent plants" : As shown by the map the respondents presented commission there A miles of mains almost without ception paFaleled by purchasing company purely accidental which inevitably necessary duplication of plant and in more mains and services
 
 The of capacity mains by stance that four and inch mains commonly sufficient for ordinary within street. the experience of this company But in where duplication chase plant capacity the four, six inches.
 See Munson's testimony, P ST. First Hearing.
 The principles relating to plant investment operating judgment watering rascality established in many decisions.
 In Brunswick & Topshal Water District Maine Co, (99 Me-. 375-3765z-Savage, J., says-
 
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 @ p power engine Dumping
 property
 ~ the to payra based Neither can it be just compel public pay based vo independent plants with mains in the streets and services in the door yards The whole theory upon monopoes granted public utilities opposed idea charging the public for such dupca hon..
 Tn the Minnesota Rate Gases 193 Supreme States, Senate Doc 54 F. 48) the Court
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 the physical 1 yalne IS w 3er eo PIP IT. o Says the Field Report, (P 23): WAS WRITTEN OFF DEPRECIATION EXCEPT ON AC- COUNT OFFICE FURNITURE FURNISHINGS AND STABLE