I S Docket 555 Western Advance Rate Case in Re Advance in Rates in Weste
I S Docket 555 Western Advance Rate Case in Re Advance in Rates in Weste
United States Interstate Commerce Commission
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The testimony of Mr. Powell, concerning the $100, 000, - 000 excess property investment, as well as capitalization, of the Atchison, Topeka & Santa Fe Railway Company (tr. 4774) remains the uncontradicted, undisputed evi- dence in this case. Eighty Million Dollars Excess in "Property Invest- ment" of M. , K. & T. According to the Interstate Com- merce Commission. In 1910 this Commission eliminated over $80, 000, 000 in the capitalization and property investment of the Mis- souri, Kansas & Texas... Ry. Co. ; before you compared the earnings with property investment, in order to de- termine the adequacy of revenues of that property. (Texas Railroad Commission v. A. T. & S. F. , 20 I. C. C. 463. ) That decision further confirms the statement and testimony to which we have referred. One Hundred Million Dollar Excess in the "Property Investment" of the Burlington Railroad, According to ike Interstate Commerce Commission. THE ARGUMENT 119 "PROPERTY INVESTMENT. " The railroads are practically resting their case upon their so-called " Property Investment, " which is their book cost, or book value, of road and equipment.
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