Railroads: Finance And Organization
Railroads: Finance And Organization
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To quickly assess the difficulty of the text, read a short excerpt:
' The significance of multipliers is well shown in the Nebraska reports which give two complete sets of returns, with or without multipliers re- spectively. Most states allow an3rwhere from two to three times the aver- age taxable value of surroimding real estate. Cf. table, p. 341, supra.
» The following excerpt from Whitten, Valuation, p. 121, describes the practice: "Thus, land has been taken at its fair value and not at its original cost, and the annual appreciation of land has been treated... as a profit. By this method, all property is treated absolutely alike, as Judge Hough sug- voL. n — 23 Digitized by CjOOQ IC 354 RAILROADS Another way of conceding the public's interest would be to fix a lower maximum in the rate of return allowed upon land values than upon other forms of property, making the dis- tinction in the rate rather than the principal. Some qualifica- tion is certainly necessary, especially for undeveloped posses- sions. Washington omitted S15,000,000 outright for xmused land holdings; and Nebraska ignored one-half of its railway lands, thus held.
What to read after Railroads: Finance And Organization?
You can find similar books in the "Read Also" column, or choose other free books by Ripley, William Zebina, 1867-1941 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
' The significance of multipliers is well shown in the Nebraska reports which give two complete sets of returns, with or without multipliers re- spectively. Most states allow an3rwhere from two to three times the aver- age taxable value of surroimding real estate. Cf. table, p. 341, supra.
» The following excerpt from Whitten, Valuation, p. 121, describes the practice: "Thus, land has been taken at its fair value and not at its original cost, and the annual appreciation of land has been treated... as a profit. By this method, all property is treated absolutely alike, as Judge Hough sug- voL. n — 23 Digitized by CjOOQ IC 354 RAILROADS Another way of conceding the public's interest would be to fix a lower maximum in the rate of return allowed upon land values than upon other forms of property, making the dis- tinction in the rate rather than the principal. Some qualifica- tion is certainly necessary, especially for undeveloped posses- sions. Washington omitted S15,000,000 outright for xmused land holdings; and Nebraska ignored one-half of its railway lands, thus held.
What to read after Railroads: Finance And Organization?
You can find similar books in the "Read Also" column, or choose other free books by Ripley, William Zebina, 1867-1941 to read onlineMoreLess
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