Valuation, depreciation and the rate base

Bibliographic data

Monograph

Identifikator:: 174667931X

URN:: urn:nbn:de:zbw-retromon-119897

Document type:: Monograph

Author:: Grunsky, Carl Ewald http://d-nb.info/gnd/10180959X

Title:: Valuation, depreciation and the rate base

Edition:: 2. ed., revised and extended

Place of publication:: New York

Publisher:: Wiley

Year of publication:: 1927

Scope:: X, 500 Seiten

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIII. The valuation of mines and oil properties

Collection:: Economics Books

s 1if ‘the had was red s of Ta- rto the on, (CS, alr to ost 00- she sit NC) 1y, or ud ‘en me- m. ne he ut ne nt its il. & § oe of LO 8. m to aT 3, 6. er ir 0 of ra UNEMPLOYMENT IN THE UNITED STATES 73 He urged that not only upon private business, but also upon the States, and the local municipal governments to take account of this principle in local appropriations. If that is sound policy for private business, and for State and local governmental business, it is sound for the Federal Government. And that is embodied in this particular group of bills. Mr. MontaguE. Does that mean that an appropriation made for a public building should be held, and then expend it, or. would you go on with it irrespective of the general economic conditions of the country? Mr. Foster. Do you mean under the terms of the bill? Mr. MonTaGuUE. I referred to your statement. I am not here to find any fault with it. I want to understand you. I understood you to say that the public moneys for public purposes and public works, of one form or another, should be carried on over a long period with a view to initiating and completing structures here, with regard to the state of employment or unemployment? . Mr. Foster. That is the general principle of which I am speaking; that so far as feasible public expenditures should be made with reference to the conditions and the chances of business in general. Mr. MonTAGUE. I want you to go to Richmond, Va., my city, and make an address on that subject. Mr. Foster. Now, this brings me to the question of whether this whole program is really a national problem. It certainly is a national problem for the reasons mentioned. That we can not take up the slack of unemployment at any time as readily and as quickly and economically as we otherwise could, unless we can move the workers across the State lines. And it is a national problem in this respect, that it demands national leadership. No organization in the United States is large enough or powerful enough for this leadership. If we did not know that to be true theoretically, we would know it to be true from the fact that no such leadership has been taken by the States or the municipalities, nor private industry nor business. when business depression threatened. . No such leadership was underway after the depression of last fall, when the Federal Government took such leadership. Such leader- ship is necessary, as no one can so appeal to the entire country as the the Federal Government. No agency in the United States; no com- bination has the power to collect the necessary information to carry out such a program. That is the reason for the bill presented by Senator Wagner, calling for the collection and the spread of infor- mation in relation to employment is necessary. } } Private interests are incapable of collecting that information. The information from such agencies would be réceived with suspicion as to its source. Local leadership is not sufficient, as we can see from the present conditions. Business as far as I can see, from a definite and sustained effort to improve the business trend for the last six months, has not improved so that it is noticeable in actual statistics. Business does not get better. It will not get better in my judgment without more powerful and definite action to make it better than we are getting at the present time. } I do not say the passage of these bills will cure this. They are a part of a necessary, constructive program. The Federal Govern- ment should have a program and these three things are the necessary

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