Depreciation of Equipment Study of Conditions On Southern Pacific Lines

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Depreciation of Equipment Study of Conditions On Southern Pacific Lines
Charles James
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Terry: Your Honor, he is about to step on the toes of the Inter- state CosBfierce Comxsission. Now will Kr. Gray step on the toes of the proper people, let him be fair in this matter.
Quest! 01?: All right — you do not think that any depreciation is — properly chargeable to this equipment. If it is kept up, that is, kept in repair.
:S iJi^i.
5M ejf Answer: The counsel has just explained the requirements of the Interstate Commerce Coiamisston which cannot he overlooked nor do we want to criticis
...e it. Question; I asked you the question as to whether or not, in your judgment, and your experience, you think there is any depreciation properly chargeable up to locomotives. Answer: As long as parts are replaced and as long as there is demand which justifies the use of that locomotive, from the conditions I have explained, no, sir. Question : Any contract that had that provision in it would be unjust and unfair would it not? Answer ; It is not in lay province to sake contracts. Que at ion: I am talking about in your judgment as a Ueohanical Engineer it would be unjust aM unfair would it not, it would be unnecessary^ Answer : I feel I can give more evidence on that class of work which I am required to do.

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