The Theory of Prudent Investment

Archive Report


The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

Richard M. Boeckel, Editor.

Coming Supreme Court Decision of Valuation

The impending decision of the Supreme Court in a California case1 involving regulation of gas rates may have an important bearing on one phase of the conflict that has divided the Roosevelt administration and the public-utility industry. The case at bar affords the Court an opportunity either to affirm its long adherence to the doctrine that reproduction cost must be given consideration as a factor in valuation of utilities for rate-making purposes, or to relax that rule so as to ...

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