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Utility Earnings are Not Excessive
Summary of Earnings and Book Values of Thirty Leading Utilities 1923 to 1926
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amortization amount assets banks bond issues borrowing canal capital structure cement plants cent higher common stock constitution corporations cost of capital cost of government cost of money depreciation discount and expense dividend dollars earning power Edison Company Electric Company electric utilities federal funds Gas and Electric government ownership gross earnings holding company income increase interest investment investors League of Municipalities loan loss management company ment mortgages municipal bonds municipal financing municipal ownership municipal plants municipally owned plants North Dakota obtain operating preferred stock present private business privately owned utilities public indebtedness public ownership public service public utility purchase rates reproduction cost repudiation requirements result revenue rural credit state's Surety Bond tax burdens tax payments taxation taxpayers tion United utility bonds utility industry utility property utility securities ventures water powers wealth weighted average Wiscon Wisconsin Wisconsin constitution