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Paper No. 1190 THE VALUATION OF PUBLIC SERVICE CORPORATION PROPERTY.[1]
Introductory.
The Relation of Public Service, or Quasi-public Corporations, to the People.
Explanation of Terms.
The Michigan State Appraisals.
Organization.
Office and Field Methods.
Special Problems of the Mechanical Department.
Overhead Charges.
Right-of-Way Values.
Non-Physical Values.
History and Results of the Michigan Appraisal.
Railroad Appraisal of the State of Texas.
Railroad Appraisal of the State of Wisconsin.
The Minnesota State Railway Appraisal.
The Washington State Appraisal.
The Valuation of Traction Properties in Chicago.
The Commercial Valuation of Railway Operating Property of the Department of Commerce and Labor.
The Extent of Appraisal Practice.
Review of Some Methods of Valuation, and Some of the Criticisms on the Michigan Appraisal.
The Determination of Elements of Value and Methods of Valuation by the Courts.
Physical Values and Methods for Their Determination.
I.—The Preliminary Study.
II.—The Field Inspection.
III. The Computation.
IV.—The Preparation of the Final Figure.
Non-Physical Values and Methods for Their Determination.
Conclusion.
Bibliography.
TABLE OF CONTENTS.
DISCUSSION
Fair Value.
Replacement Cost.
TRANSCRIBER'S NOTES
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