INDEX 
Empirical methods in valuing mining 
properties, 2309. 
Engineering account, Interstate Com- Failures, assumed hypothesis of, 106, 
merce Commission notes on, 117. 
232. assumed hypothesis, diagram, 110, 
Engineering expenses, Am. Soc. C. E. IIT. 
committee quoted, 43. law of probabilities applied, 108, 
Equal Annual Payment Method for 117. 
rate-fixing, 1653. law of probabilities applied, Table 8, 
Equal Annual Payment Method and 118. 
Sinking Fund Method compared, merit of assumed law, 106. 
169. Fair value, as a rate-base, 14, 18, 78. 
Establishing the business, cost of, 26. definition, 17. 
proper treatment of cost of, 32. Minnesota Rate cases, as basis for 
(see Business). rate fixing, 18. 
Estimation method in valuation of present value as a starting point, 12, 
mining properties, 240. 13. 
Eshleman, J. W., quoted on the rate- (see Value). 
base, 157. Field results, tabulation of, 104. 
Excess capacity of plant, 8o, 82. Filters, engineering expenses in con- 
Excessive profits of utilities, 142. struction of, 47. 
Expectancy, according to law of prob- Finlay, J. R,, quoted on interest on 
abilities, 117. mining investments, 243. 
definition, 21. Fisher, Irving, the standard dollar, 282. 
effect on present value, 105. Fixing of rates (see Rate-fixing), 140. 
illustration, high duty pump, 21. Fortuitous events, 291. 
illustration, irrigation canal, 22. Franchise, amortization during life, 67. 
of equivalent single articles, 116. capitalization of, 69. 
Table 31, Expectancy and Remain- Wisconsin Railroad Commission, 
ing Value, 432, 437. 69. 
tabular illustration for 10,000 articles, Public Service Commission law of 
108. New York, 69. 
Expectancy of human life, 446. definition, 26, 66. 
(see Life). indeterminate term, 67. 
Expenses, engineering, Am. Soc. C. E. term of, 67. 
committee quoted, 43. value of, 10, 66. 
general, Am. Soc. C. E. committee value determined by earnings, 10. 
quoted, 48. value not included in rate-base, 67, 
overhead, Wisconsin Railroad Com- 162. 
mission cited, 53. Wisconsin Railroad Commission on 
overhead, definition, 28. value, 69. 
overhead, on railroad construction, Fundamental principles, applied to in- 
52. dustrial establishments, 3. 
policing, Am. Soc. C. E. committee illustration, Panama Canal, 8. 
quoted, 49. rate-fixing appraisals, 32. 
promotion, definition of, 28. Future use, property held for, 79. 
promotion, reasonableness of, 57. (see Unused property). 
oT 491 
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