This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...business for profit. He invests his capital and applies his ability and experience to the development of enterprises that would otherwise remain dormant for a longer or shorter period. He brings within reach of the community, means of transportation, an adequate water supply, light, power and heat, telegraph and ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...business for profit. He invests his capital and applies his ability and experience to the development of enterprises that would otherwise remain dormant for a longer or shorter period. He brings within reach of the community, means of transportation, an adequate water supply, light, power and heat, telegraph and telephone facilities which all contribute to the growth and prosperity of the community. He does this because he considers his enterprise a good business venture. In the case of the commercial and industrial enterprise, too, a tendency may be noted toward monopoly which is likely toJead in time to regulation and control similar to that of the public utility. Whenever the operation of any concern acquires such magnitude that it can and does destroy the business of its competitors, it becomes monopolistic in character and the state is bound, sooner or later, to exercise its right to regulate and control not only the method of conducting business, but in the end, perhaps, the prices to be charged for its output. Excessive and Fictitious Profits.--Where, in the rapid transition from a frontier region to a state with stable industrial and commercial conditions, the advance in the value of real estate has been rapid and the opportunity for profit in many lines of business has been large, the owner of the public utility has frequently taken advantage of the opportunity and has capitalized inordinate profits, sometimes real and sometimes fictitious. Where there were no public service commissions--and these are a relatively new institution, --the accounts were kept in a fashion to suit the manipulator. Apparent profits were used as the basis for a distribution of dividends and for the issuance of stocks and bonds, and the rate-payer was charged to the limit. ..
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Add this copy of Valuation, Depreciation and the Rate-Base, By C.E. to cart. $66.41, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Palala Press.
