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Accounting for Property and Expenses of Interstate Carriers Under the Decisions of the Supreme Court of the United States in the Minnesota Rate Case and Other Recent Rate Cases (Classic Reprint) - Couverture souple

Stone, Henry Lane

 
9781332823055: Accounting for Property and Expenses of Interstate Carriers Under the Decisions of the Supreme Court of the United States in the Minnesota Rate Case and Other Recent Rate Cases (Classic Reprint)

Présentation de l'éditeur

In litigation respecting State-made-rates, it is therefore necessary to determine with respect to the intrastate traffic separately three large facts: 1. The Property devoted to the Intrastate Traffic. 2. The Kevenues or income from the Intrastate Traffic. 3. The Operating Expenses, including taxes, or the cost of doing the Intrastate Traffic. The great bulk of operating revenues or income items can be directly allocated to the intrastate traffic or to the interstate traffic, and the proportion of common items is so small that for all practical purposes, it may be said that the distribution of operating revenues, earnings, or income between intrastate traffic and interstate traffic can be effected without considerable difficulty. The distributions of property and of expenses, however, present a very different aspect. On interstate railroads, intrastate traffic is carried in the same trains and often in the same cars, and always over the same ties and rails as interstate traffic and practically all of the property used and practically all of the expenses incurred are jointly used and incurred by the interstate traffic and the intrastate traffic; and with respect to this property jointly used and with respect to these expenses jointly incurred, no one can say, except upon the establishment of an authoritative rule, how much shall be charged to the one kind of traffic, interstate, and how much shall be charged to the other kind of traffic, intrastate.
(Typographical errors above are due to OCR software and don't occur in the book.)

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