INDEX 
Galveston Electric Co. Rate case, 314. Increment (see Unearned increment). 
General expenses, Am. Soc. C. E. com- Indeterminate franchise, 68. 
mittee quoted, 48. Industrial enterprises, basis for selling 
Georgia Railway case, right-of-way - - price, 6. 
value (see Court cases). fundamental principles applied to, 3. 
Georgia Ry. & P. Co. Rate case, 316. Insurance and risk, Am. Soc. C. E. 
Gillette, H. P., quoted on railroad over- committee quoted, so. 
head expenses, 52. Intangible value, as a protection to the 
Going concern, definition, 27. owner, 61. 
Kennebec Water District case, 63. created by earnings, 11, 57. 
unprofitable expenditures and early definition, 26, 57. 
losses, 0. Kansas City Water Works case, 60. 
value of, as distinct from going value, Kennebec Water District case, 61. 
64. under a restricted franchise, 59. 
Going value, Alvord’s method of deter- (see Value). 
mining, 65. Interest and taxes, Am. Soc. C. E. com- 
as distinct from going concern value, mittee quoted, 52. 
64. during construction, Interstate Com- 
decisions of Wisconsin Railroad Com- merce Commission quoted on 
mission, 64, 65. accounting, 233. 
definition, 27, 301-309. rate for mining investments, 241. 
Good-will, definition, 27. rate of return on public utility in- 
in San Francisco Water Rate case, vestments, 161. 
301. Table 19, simple interest (360 days), 
relation to cost of establishing the 326. 
business, 304. Table 21, simple interest (365 and 
Gray, Prof. J. H., quoted on Public 366 days), 320. 
Utility control, 3. Table 22, Compound Interest, 331,333. 
Table 23, compounded every 6 
H months, 345, 346. 
Table 24, compounded every 3 
Hammond, John Hays, quoted as to months, 348, 349. 
rate of return on mining in- Interstate Commerce Commission, ap- 
vestments, 244. ; preciation, 73. 
Hazard, compensation for, 32, 160. construction account, 229. 
may affect rates, Kennebec Water depreciation account, 230. 
District case, 161. engineering account, 232. 
(see Risk). interest during construction, 233. 
Hoover, H. C., quoted on mining risks, purpose of Interstate Commerce Act, 
242. 145. 
quoted on rate of return on mining retirement of land, 232. 
investments, 243. Invested capital, 25. 
Hudson River State Hospital, engineer- Invested capital as a basis for rate- 
ing expenses in construction of fixing (see Investment), iii, 30, 
sand filters, 47. 138, 155, 158. 
492 il 
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