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Journal Article

Administrative Supervision of Railways under the Twentieth Section of the Act to Regulate Commerce

Henry C. Adams
The Quarterly Journal of Economics
Vol. 22, No. 3 (May, 1908), pp. 364-383
Published by: Oxford University Press
Stable URL:
Page Count: 20
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The twentieth section in Act of 1887 was ineffective, 364-365.--Three provisions in the amended section: monthly reports, uniform accounts, special examiners, 365-367.--Operating and capital accounts, and their new supervision, 368. The four principles underlying the Commission's accounting scheme, 370.--Discount on securities not to be carried as an asset, 370.--Depreciation and betterments accounts regulated, 371.--Surplus to be accurately states, 372.--Industrial importance of the scheme: greater stability in railway securities, 372-376.--Clarifies relation of rates to cost, 376-377.--Wider influence of confidence in railway accounts, 377-379.--Conclusion; administrative supervision, rather than procedure in the courts, initiated by this regulation of accounts, 379-383.

Notes and References

This item contains 2 references.

  • 1
    Senate Document 212, 60th Congress, 1st Session
  • 1
    P. D. Leake, F.C.A., F.I.D., in paper read before the Institute of Directors, on "The Question of Depreciation and the Measurement of Expired Outlay on Productive Plant."