Story of the Session of the California Legislature of 1913
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In our eReader you can find the full English version of the book. Read Story of the Session of the California Legislature of 1913 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 Story of the Session of the California Legislature of 1913
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" 126 125 This provision created much opposition.
126 Governor Pardee in explaining this feature of the bill cites the following example to show the importance of preventing the capitalization of "rights" which The People give away: "One power company in this State they are all alike is cap- italized for $20, 000, 000. Of this sum, only $6, 000, 000 represents money actually invested. The remaining $14, 000, 000 represents the value which the corporation puts on the water rights it has. These w...ater rights The People gave for nothing. Yet The People are compelled to pay the company rates which will bring it re- turns on those $14, 000, 000. If the company were not permitted as it should not be to capitalize its water rights, the patrons of this particular company would be compelled to pay it rates which would bring in returns only on $6, 000, 000, instead of on $20, 000, 000. The (Conservation) bill provides against such a con- tingency in the future.
"If the public should want to buy the plant of this particular company, it would have to pay at least $20, 000, 000 for It $6, 000, 000 of actual investment and $14, 000, 000 for water rights, which it, the public, gave for nothing.
What to read after Story of the Session of the California Legislature of 1913?
You can find similar books in the "Read Also" column, or choose other free books by Hichborn Franklin to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" 126 125 This provision created much opposition.
126 Governor Pardee in explaining this feature of the bill cites the following example to show the importance of preventing the capitalization of "rights" which The People give away: "One power company in this State they are all alike is cap- italized for $20, 000, 000. Of this sum, only $6, 000, 000 represents money actually invested. The remaining $14, 000, 000 represents the value which the corporation puts on the water rights it has. These w...ater rights The People gave for nothing. Yet The People are compelled to pay the company rates which will bring it re- turns on those $14, 000, 000. If the company were not permitted as it should not be to capitalize its water rights, the patrons of this particular company would be compelled to pay it rates which would bring in returns only on $6, 000, 000, instead of on $20, 000, 000. The (Conservation) bill provides against such a con- tingency in the future.
"If the public should want to buy the plant of this particular company, it would have to pay at least $20, 000, 000 for It $6, 000, 000 of actual investment and $14, 000, 000 for water rights, which it, the public, gave for nothing.
What to read after Story of the Session of the California Legislature of 1913?
You can find similar books in the "Read Also" column, or choose other free books by Hichborn Franklin to read onlineMoreLess
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