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Original Cost and Cost of Reproduc
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70th Congress aggregate value allowed the railroads amount ascertain Bonbright bonds borrowed business profits cent charges Class I railroads Class I Railways Commission's competition Congress consideration construction cost of reproduction current reproduction cost depreciation determining efficiency elements of value enterpriser equitable excess income factors fair rate fair return fair value financial structure fixed freight Harvard Law Review Ibid increase Interstate Commerce Act Interstate Commerce Commission John Bauer joint rates judicial legislative market value ment O'Fallon operating expenses original cost period present problem property investment Public Utility Economics pure interest rail railroad capital railroad earnings railroad investors railroad property railroad valuation Railway Age rate base rate of interest rate of profits rate of return rate-making purposes reasonable rate Recapture Clause Report risk rule of rate-making Section 15a Senate statutory rate steam railroads Supreme Court tion traffic Transportation Act valuation basis value for rate-making weak carriers whole