Engineering and Contracting . eting of the Illinois Association. In their paper they dis-cussed briefly the relation to rate making ofone element which they call out-of-pocketcost. The treatment of the subject refersto water rates although a similar line of rea-soning is equally applicable to some otherpublic utilities, and to some measure applicableto all. The major portion of the paper fol-lows : Owing to the difficulty of recognizing in-equalities in rate schedules and to the rela-tively results attained by the cus-tomary unscientific methods of framing them,there
Engineering and Contracting . eting of the Illinois Association. In their paper they dis-cussed briefly the relation to rate making ofone element which they call out-of-pocketcost. The treatment of the subject refersto water rates although a similar line of rea-soning is equally applicable to some otherpublic utilities, and to some measure applicableto all. The major portion of the paper fol-lows : Owing to the difficulty of recognizing in-equalities in rate schedules and to the rela-tively results attained by the cus-tomary unscientific methods of framing them,there has not been so much study given tothis portion of the general problem of valua-tion and rate making as to some others. Andyet. all who give the matter thought, mustrecognize it as one of the most important andcomplex portions of that problem. Indeed,so complex is it, involving as it does many yetunanswered questions of accounting and ofcommercial and economic policy, and touchingat many points the human element, which c^ui-. View of Wood Staves Removed from Cedar River Pipe Line, Seattle, Wash. Cost of Materhil Cost perCost. lin. ft. Item: .ii 42,551 ft stave lumberat $ per M $1, $1, $ Hauling staves— n days labor 13% days team 155 gals. C. A. wood pre-server at 65 els Total cost of ,600 ft. pipe (exclu-sive of Iron bands and shoes) Total co;5t of per lin. ft. of .$ cost of labor per lin. ft. of pipe S3 Total cost of pipe rebuilding per lin. $ painting mentioned imder labor is an experiment. The department nflicials cannot say just what its effect will be The Relation of Out-of-Pocket Cost to Water Rate Making, With an Illustrative Example. Nimierous discussions by experts of suchtopics as valuation, depreciation, rate of re-turns, etc., e.\tending over a period of sev-eral years, promise a substantial agreementon some of the perplexing problems affectin
Size: 2132px × 1172px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1900, bookpublisherchicago, bookyear19
