The Washington times., 1916-12-22
r. B. n. Paine Exceeds Esti-
Inmates Of Both Almert and
Young at Hearing.
PUT ON GRILL BY sYME
Engineer Values Properties at
$50, 32o,554 Outside Of Great
Falls and Easement.

Higher than either the Aimert vaiu-
alton or the estimates OF c. q. Young.
was that OF r. y. II. Paine, n New
York consulting engineer. testifying
as an expert at the valuation hearing
OF the Potomac Electric Power Com.
pany late yesterday before the Pub.
lie Utilities Commission.
Exclusive OF the Great Falls ana
easement items, about which Mr..
Paine said he knew nothing, he placed
the cost of reproducing the compsny's
property and business at s2o, 32s.oSi.
The AImert figures. for that portion
OF the valuation covered by Mr.. Paine
were s1e.7s5.3s7.
System Of Percentage.
Mr.. Paine's calculations were made
principally by q system OF percent
ages he said he had found held good
in utilities OF this character, with GER.
tain figures OF basic cost as figured
BY Mr.. Almert a. their foundation.
These direct costs. on which AFR.
Paine Inquired his Indirect and held
costs, included ss30.98s for land: sei8..
0I6 for buildings: s5.s2o.s8T for trans.
mission and distribution: $1,000, 40:
for powerhouse and substation equip.
ment; sl22.s33 for miscellaneous prop.
erty: Si2o,i23 for materials and sup.
plies. and s37s,390 for operating
capital.
on these figures he estimated labor
and material costs to be si1 ,0os,3to:
Indirect costs. s4.0so,i 5i, and a field
cost OF b,SpS, 200
Interest AZ . Fer Ceai.
He estimated interest at o per cent,
miscellaneous indirect costs at II per
cent and labor and material at ~ per
cent. This calculation brought his
total estimate for constructed prop.
erty to $t6,18e PAS, to which he added
1910, 900 for preliminary expenses,
and 1920. 900 for cost OF development.
Tho witness said he had not exam
lned the Aimert agurcr In detail be.
fore he made his calculations, but after
n,aking them, by entirely different
methods from those Mr.. Almert had
used. he arrived at very nearly the
same conclusions on each division OF
the valuation estimate
Reads From psmpkiet.
In answer 20 questions from John s.
Barbour. attorney for the Potomac
lengthy extracts from n pamphlet
Instead OF answering your aues
lions the WINES seems TO DC rsaa'ns
..,tn ,,,srs,~ a. ,.ad,ng n statement
prepared for the sake OF greater clear.
ness" Mr.. Barbour answered.
The witness said ne merely was avs
cuSs'ns tho usuhi apportiohmeht o.
tho various items OF indirect cost. and
these were contained In prin,ea
speech he had made ana from winch
ne was reading
Crftieises Interest Item.
,.,-,, 49,, -,
ne eriicisea mr. N'n'e'' 'e' v"
Interest IN TWO respects, one that u
allowed for interest on land from the
finn. NJ beginning construction, where.
.. Mr. pain. Thought. the land should
80 80 n,,r.hsssa .oonsr
~ o,.a ia he 'hossh, Mr. AIm.rt
had tended 20 stretch the construction
period over too many years, and ne
would CONNIE " 10 'he seeo"o' 'n''a'
anu Iour.n soes, .,,.,,. -
Nnons e"e a.,s
cons,ruouo" s,s,
Conception, us'eI'nah
scope, pse. , o o ,,. ~, -" mi.
sign IN oetaii anu other ''ems o' '"''
nature
Vest Pocket Memoranda.
49,.
no s@'' !" many ".
penses were incurred oefore the or
SANITATION OF the company, hence the
fisuras Ala mt snnaar IN hool. and
-. -, 81, ..s,, -, 800, 80.
'' w '' P''"'' '''
amaa,, vo, ,,tnl, 4, a t,.,.o..
=. ~ sn.nN y" '"a'S
si. ps
when they related TO getting rights
OF way through city streets'" Nj.
syme asked
"seu w us. '
OF pus"es, ,he wi.hess repheo' %
su"
'ou,o no. oe ihoiuueu IN ,nis per
eep'' All goes TOT iesi'ima'e pur-
poses ~
ssns er''ea'
Before Mr.. Young left the stand
earlier I'm the afternoon he undsrwan,
4. ..,,,,, a, 1900 a., 81 eco oon
nsa,ia,,,,. 1890,
az ar ,n,, ,ars,. so.n 900 49, ~,
4. wv poJeS'' VI as W.