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Railway Valuation [Was: Northern Pacific Boxcar Upgrades]

Tony Thompson
 

Ray Breyer wrote:

You're thinking of the Transportation Act of 1920. The ICC Val predates that, and was an offshoot of antitrust legislation from the turn of the century.  

No, the Valuation Act of 1913 was intended to furnish the ICC with a basis “to test the reasonableness of railway rates” by determining the capital value of each railroad. A number of states, including California, had already begun to require valuation of railroads within their borders, primarily because the federal government had failed to act. The 1913 Act was the eventual result.
Among the sources which provide a clear description of the background of the legislation, the details of what it required, and the consequences, is _Principles of Railway Transportation_ by Eliot Jones (Macmillan, 1924), but there are several others.

Tony Thompson
David Burnett
 

David S. Burnett,

just to add to the conversation, a really good book to read on this subject is entitled "The Best Transportation System in the World" by by Mark H. Rose  (Author), Bruce E. Seely (Author), Paul F. Barrett.

Hope this helps,
DSB.

On Monday, October 3, 2022 at 11:56:44 AM PDT, Tony Thompson <tony@...> wrote:


Ray Breyer wrote:

You're thinking of the Transportation Act of 1920. The ICC Val predates that, and was an offshoot of antitrust legislation from the turn of the century.  

No, the Valuation Act of 1913 was intended to furnish the ICC with a basis “to test the reasonableness of railway rates” by determining the capital value of each railroad. A number of states, including California, had already begun to require valuation of railroads within their borders, primarily because the federal government had failed to act. The 1913 Act was the eventual result.
Among the sources which provide a clear description of the background of the legislation, the details of what it required, and the consequences, is _Principles of Railway Transportation_ by Eliot Jones (Macmillan, 1924), but there are several others.

Tony Thompson
Rufus Cone
 

David S. Burnett,

just to add to the conversation, a really good book to read on this subject is entitled "The Best Transportation System in the World" by by Mark H. Rose  (Author), Bruce E. Seely (Author), Paul F. Barrett.

Hope this helps,
DSB.
Publisher has a free download, Issue Date 2006:

https://kb.osu.edu/handle/1811/24076

--
Rufus Cone
Bozeman, MT
Nolan Hinshaw
 

On Oct 3, 2022, at 11:56, Tony Thompson <tony@...> wrote:

[...]

Among the sources which provide a clear description of the background of the legislation, the details of what it required, and the consequences, is _Principles of Railway Transportation_ by Eliot Jones (Macmillan, 1924), but there are several others.
Google Books! Downloaded it today.
--
The thong is ended but the malady lingers on
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