Page:United States Statutes at Large Volume 37 Part 1.djvu/724

 SIXTY-SECOND CONGRESS. Sess. III. Ch. 92. 1913. 701 CHAP. 024-An ActToamendanAct anti " rquh. ·· . zppmuiied rptme spina? eight:ue¤ 1Lma¤;¢m·ilideg1f¤;si$ii,° and m°°A°Z°¢ff$¤°e°¤`i°3¤. wi iiiiii emo mviding or • ua c nvgral · · miisedgmé Hts ewes iem.eJ}.°m¤csm¤,° - ¤£.i'Z'“.m.,°' "'s°£.i"5°.,Y °.$.¤°‘E‘3§'; """’“°· "°“ ‘°°·' secun . Be it enacted by the Senate and House o Representatives the United States o America in Congress assembled, {hat the Act  "An Act m°ila°Z¤°Z°°mm°" to reg] late commerce," approved February fourth, eighteen hundred Z'?};,°§*· P- W- and eighty-seven, as amendled, be further amended by adding thereto Plmicil \’¤l¤·•·¤i¤¤ p How section, to be known as section nineteen a, and to read as %’Y°•¤-°.-iZ’¤}°! °°°` 0 ows: _ “Sec. 19a. That the commission shall, as hereinafter provided c}g},,°‘,§{,;*‘°“ "¥ mvest ate, ascertain, and report the value of all the property owned ` or used by every common carrier subject to the provisions of this Act. ¤"°"*· °“’· To enable the commission to make such investigation and report, it is authorized to employ such experts and other assistants as ma be necessary. Tli|0_00mmISl0H mey_appoint examiners who shall liave Rwer to  oaths, examme witnemes, and take testimony. e commission shall make an inventory which shall list the prodp:3 ,,,$‘:'f,·§,’“°'* •°° of every common carrier subject to the provisions of this Act m e, ` and show the value thereof as hereinafter rovided, and shall classify the physical propertyyas nearly as practicalble, in conformity with the classification of expenditures for road and equipment, as prescribed by the Interstate Commerce Commission. . "First. In such investigation said commismon shall ascertain and ,,§§'}°, report in detail as to eac piece of property owned orused by said r&•rw·¤¤•¤• common carrier for its purposes as a common carrier, the original cost to date, the cost of reproduction new, the cost of replroduction las depreciation, and an analysis of the methods_b whic these several costs are obtained, and the reason for their diiierences, if any. The °°“'¤*'*°"¥- commission shall in like manner ascertain and report separately other values, and elements of value, if any, of the property _0f suc common carrier, and an analysis of the methods of valuation employed, and of the reasons for any dnferences between any such value, an each of the foregoing cost values. _ _ "Second. Such investigation and report shall state in detail and ,,Y,{‘“'°' "" "’°** separately from improvements the original cost of all lands, rights of way, and terminals owned or  for the purposes of a common carrier, and ascertained as of the time of dedication to public use, and the present value of the same, and separately the original and present cost of condemnation and damages or of purchase in excess of such original cost or resent value. "Thir?rl. Such investigation and report shall show separately the ,,,§’,,'°"{,2,, *'§,§f,,mf',’,§ property held for pu ses other than those of a common earner and ¤•¤¤¤»¤u¤¤¤¤· the original cost anlixpresent value of the 881118, together with an of the methods of valuation employed. comm. 0 mw " ourth. In ascertaining the original cost to date of the property ,,0,, "‘ of such common carrier the commimlon, m addition to such other elements as it may deem necessary, shall investigate and report upon the hgstory and organization of the present a¤d_of any previous corpora- $1011 Operating such property; upon any increases or decreases of Stocks. bonds. ctc. stocks, bonds, or other secuntiee, in any reorgamzatnon; upon moneys received by any such corporation by reason of any issues of stocks, bonds, or other securities; upon the syndicatmg, banking, and other financial arra ements under which such 1ssues_were made and the d expense thereclii and upon the net and gross earnmgs of such corpora- ,,§,‘{,‘},§g,’_ “‘ °" tions; and shall also  and replort in such detail as may be determined by the commimion upon the expenditure of all moneys and the pu ses for which the same were eatpended. {mm "Fifth. 'lgi; commission shall aacertam an report the amount and ,,§,§‘§,,°§;g,m,,_ value of any aid, gift, grant of right of way, or donation, made to any ¤¤=-