The Hitchcock Lectures of the University of California 1918
The Hitchcock Lectures of the University of California 1918
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In our eReader you can find the full English version of the book. Read The Hitchcock Lectures of the University of California 1918 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Hitchcock Lectures of the University of California 1918
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The cost of reproducing the property at the present time; new, or after deducting depreciation.
3. The market value of its securities.
4. The capitalized earnings.
The basis of the commercial value of a public utility, or of any other commercial property, is plainly earning power, present or potential. No one would willingly invest in or buy such a property unless he could see the prospect of a fair return. It might be earning nothing, or even losing heavily at the time, but he might not see po...ssibilities of readjustment, improvement, or additional business, or other possibilities which would justify him in paying a considerable sum for the property. Most public utilities are naturally and properly monopolies. It is not in the interests of the public in the end that two railroads should be built in the same territory where one is ample for the business. If two exist, they must to a certain extent, in the public interest, be operated as a combined monopoly. The days of unrestricted competition have passed.
What to read after The Hitchcock Lectures of the University of California 1918?
You can find similar books in the "Read Also" column, or choose other free books by Swain George Fillmore to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The cost of reproducing the property at the present time; new, or after deducting depreciation.
3. The market value of its securities.
4. The capitalized earnings.
The basis of the commercial value of a public utility, or of any other commercial property, is plainly earning power, present or potential. No one would willingly invest in or buy such a property unless he could see the prospect of a fair return. It might be earning nothing, or even losing heavily at the time, but he might not see po...ssibilities of readjustment, improvement, or additional business, or other possibilities which would justify him in paying a considerable sum for the property. Most public utilities are naturally and properly monopolies. It is not in the interests of the public in the end that two railroads should be built in the same territory where one is ample for the business. If two exist, they must to a certain extent, in the public interest, be operated as a combined monopoly. The days of unrestricted competition have passed.
What to read after The Hitchcock Lectures of the University of California 1918?
You can find similar books in the "Read Also" column, or choose other free books by Swain George Fillmore to read onlineMoreLess
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