Depreciation Charges of Railroads and Public Utilities

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Excerpt from Depreciation Charges of Railroads and Public Utilities: A Memorandum Filed With the Depreciation Section of the Bureau of Accounts of the Interstate Commerce CommissionThe companies with which I am connected furnish heat, light, fuel and power for the daily requirements of many millions of people. The total quantity of gas sold by the Consolidated Gas Company and its affiliated companies in 1919 was cubic feet. Its affiliated electric companies sold in 1919, kilowatt hours of electric energy. As of April, 1920, the total number of customers relying upon the Consoli dated Gas Company and its affiliated gas and electric companies for their needs for heat, light, fuel and power, was Families depend on gas and electricity for cooking, heating, lighting and other domestic uses, included in the list of consumers are countless factories, shops, hotels, stores, theaters, and other industrial and commercial enterprises, upon which several mil lions of people depend directly for livelihood. The industrial and commercial success of the splendid territory served by these companies demands the furnishing of good service at the lowest rates con sistent with the maintenance of that quality of service and the earning of a fair return on the cap ital investment. It is not too much to say that the furnishing of gas and electric energy in adequate quantities and at rates no higher than necessary for the defraying of operating expenses and the earning of a reasonable return upon the invested capital, is probably the single service most essen tial to the convenience, comfort, health and life of the inhabitants of the City of New York and adjacent territory served by these companies, and to the continuance and prosperity of the business enterprises carried on therein.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.