Proceedings of the Bell System Educational Conference for Faculty Representatives of Colleges of Liberal Arts and Collegiate Schools of Business, New York City, June 21-25, 1926 |
Common terms and phrases
accounting American Telephone apparatus Associated Companies average Bell System Bell Telephone Bell Telephone Company Bell Telephone Laboratories cable cent central office chart Colonel Rees commercial conference connection cost course DEAN Dean Potter Department economic employees engineering equipment eral estimate expense factors Figure forecasts GHERARDI give going grade of service HALLIGAN handling industry interest investment June 23 Laboratories loading coils machine manu manufacturing material ment methods ness operating companies organization pany partment personnel plant private branch exchange problems production PROFESSOR purchasing question REES presiding revenue shows stations statistical studies subscribers switchboard talk tele Telegraph Company Telephone and Telegraph telephone business telephone companies telephone service things tion toll traffic University vacuum tube velopment WATERSON Western Electric Company wire wire drawing
Popular passages
Page 260 - New occasions teach new duties ; Time makes ancient good uncouth ; They must upward still, and onward, who would keep abreast of Truth ; Lo, before us gleam her camp-fires ! we ourselves must Pilgrims be, Launch our Mayflower, and steer boldly through the desperate winter sea, Nor attempt the Future's portal with the Past's blood-rusted key.
Page 230 - Thus, land has been taken at its fair value and not at its original cost, and the annual appreciation of land has been treated as a profit. By this method, all property is treated absolutely alike, as Judge Hough suggests.
Page 230 - It is impossible to observe this continued use of the present tense in these decisions of the highest court without feeling that the actual or reproductive value at the time of inquiry is the first and most important figure to be ascertained, and these views are amplified by San Diego Land Co.
Page 229 - As to the realty, the values assigned are those of the time of inquiry; not cost when the land was acquired for the purposes of manufacture, and not the cost to the complainant of so much as it acquired when organized in 1884, as a consolidation of several other gas manufacturing corporations. "It is objected that such method of appraisement seeks to confer...
Page 230 - ... sell for upon a fair transfer from a willing vendor to a willing buyer, and it can make no difference that such value is affected by the efforts of himself or others, by whim or fashion, or (what is really the same thing) by the advance of land values in the opinion of the buying public. It Is equally immaterial that such value is affected by difficulties of reproduction.
Page 231 - ... expressed in financial terms, must be its value. As applied to a private merchant or manufacturer, the foregoing would seem elementary; but some difference is alleged to exist where the manufacturer transacts his business only by governmental license — whether called a franchise or by another name. Such license, however, cannot change an economic law, unless a different rule be prescribed by the terms of the license, which is sometimes done. No such unusual condition exists here, and, in the...
Page 230 - ... by the efforts of himself or others, by whim or fashion, or (what is really the same thing) by the advance of land values in the opinion of the buying public. It is equally immaterial that such value is affected by difficulties of reproduction. If it be true that a pipe line under the New York of 1907 is worth more than was a pipe line under the city of 1827, then the owner thereof owns that value, and that such advance arose wholly or partly from difficulties of duplication created by the city...
Page 230 - If 50 years ago, by the payment of certain money, one acquired a factory and the land appurtenant thereto, and continues to-day his original business therein, his investment is the factory and the land, not the money originally paid; and unless his business shows a return equivalent to what land and...
Page 8 - I believe, in the future, wires will unite the head offices of the telephone company in different cities, and a man in one part of the country may communicate by word of mouth with another in a distant place.
Page 230 - The value of the investment of any manufacturer in plant, factory, or goods, or all three, is what his possessions would sell for upon a fair transfer from a willing vendor to a willing buyer, and it can make no difference that such value is affected by the efforts of himself or others, by whim or fashion, or (what is really the same thing) by the advance of land values in the opinion of the buying public. It is equally...