The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-02-14
VALUATION OF PROPERTY


Commission--the valuation of the
property of all common carriers sub
Sect 20 the commissions Jurisdiction
was given here tnni9ht hv c,or.s..is-
sIoner G. A. Prouty before the Cham
her OF Commerce Of the United STATES
in annual convention. The commits
sioner cleared up q popular miscon-
eeption az 20 the nature OF the un-
uertal=lnaGSs, resulting from the se OF
the term "phygfcal valuations while
the matter was pending before Con-
gres6 and since. He explained that
the commission Is to determine lust
what each carrier is worth, taking in-
TO consideration what Il costs to pro-
dIce the property and to build up the
service what IL could cost to repro
duce 1t today and what the line or
company would sell for with it's en-
hanced or deprecated valuation, its
acquired privileges and It's patron
age.
That part of the work relating 10
radirOaas alone was dealt with at
lengtiby mr. Prouty. He said that the
task had not sufficiently progressed
SO that its details could be either in
tellsiently or proftably discussed.
Preliminary surveys are beinIS made
the country being divided for the pur-
pose into five districts by states, each
containing approximately $4,000
miles OF railroad. b.
Each OF these Districts" said Mr..
Prouty, "will have an organization
sof Its own which will conduct the
surveys within those particular lim-
tts. Subsequently these surveys will
be worked ort partly in the district
and partly at the head Office In WASH
lnston, Surveys began in oil the
districts except one about February
y ana will begin, in that district about
February is. 5.,
1T has seemed to the commission
the part Of wisdom to proceed with
caution until sure OF. it's ground. In
this view g railroad has been selected
In each district upon which these
surTey5 VIII proceed with dallDara.
tion and in such manner as to afford
kind of Instruction school to all EN-
pioyeee. This prelinnin 1y ..,.>sk VII y 4.
oecppy three or four monts, which
means that we shall not be in posi-
tton TO rapidly develop our orgaRi-
zaticn until about July L. Begin
ming thea or slightly before. onF
Iprce can he rapidly increased.
While it Is somewhat hazardous
70 make an estimate of the time re.
quired without more experience than
we have had. It is my opinion that
s,t field surveys ought TO be con.
cluGed in from tour TO six years from
July list next + is hoped that the
pace with our Held surveys. The
. -.
is, the actual yaItatioiY will necessar-
ny lag somewhat behind theaobtaIIl.
\ ing OF the facts themselves The
commission Will IN the near future
5i5Is TIC data: &c e - ss M I.
raj ids, bnt whether yaIuatttil
llyfill be ct once announced itl sucl
must depend d upon the mettol
which the, cotnmiss lon aeIects for, de,
IsfeEfnining the Various questions
(which viii arise and 20 which refer.
ence has been made.
II Any estiInate or The eXp6iISh must
be even more unreliable than that OF
the time. Railroads have been val
ned hQtll by public authority and by
themse selges, and the cost of these val.
nations has run al the way from twe
70 seyenty-iiye dollars per mile
wing what must be done, the
inaf fhnfs ,vbi,s6 ,i,1,,css I,sl - ,itn,-,sd ~
rst ~ acc,,S,
hesT attsyfshis a., ,,tI,a,. 3 49, 5 a,s1
sis,,IS ssers =
5i.e ~ q J. ~
that ~
part of the work and ten dollars per
,1re Js ,yo: - .;,,. sssss,
sntiye on ma -, 1 ts. ~ ~ ~
sevcn ,,,jIison SaiIs... t.ilu
TentIv sSo,:s "a I, - 49,. ,;.y
a. ,so,,,a s..a ,,..a,s u
III sISos = ssa 49, :
sTnYis li,,nt5 \, .o,i,,s s.,T -,
4bst ~ MI. ~
,As I e ~ ma Lneanl
of vsiaseiSh' ese EsiIrsa a must ss fur flsp.