investment far in excess of the actual value of the property, 353.

valuation for taxation, 356.

actual valuation, 356.

criterions of present value, 357.

future values, 360.

substantial values, 361.

"original cost" and "

present value" are not equivalent terms, 368.

market value of the property, 369.

value as a going concern, 369.

See BONDS, CAPITALʻZATION, COST OF CONSTRUCTION, EARNING CAPACITY,
FRANCHISES, REPRODUCTION OF PLANT, STOCKS.

VEGETABLES,

classification of, 571, 601.

rates on, 934.

VERMONT,

statutes against extortion, 1118.

undue preference forbidden, 1199.

local discrimination forbidden, 1238.

VESSELS,

shipmasters are common carriers, when, 116.

canal boats, 176.

ferries, 43, 185.

lighterman, 82, 105, 174.

ship, 88, 175.

skiffs, 174.

WASHINGTON,

See PUBLIC EMPLOYMENTS, STORAGE.

powers of Railroad Commission, 1275.

provision for court review, 1296.

WASHING POWDERS,

classification of, 573.

rates on, 934.

WATER SUPPLY,

applicants must be served, 57.

annual charges of a water company, 385.
business is a public employment, 22, 27, 57.
cost of water works, 340-342.

depreciation of plant of water company, 387.
present value of water works, 354-357.

rate of dividends for a water company, 404.
reduction to large takers, 751.

tests of reasonableness of water rents, 314.
value of franchise of water company, 365-370.
water system to be taken as a whole, 527.
WEST VIRGINIA,

statutes against extortion,

local discrimination forbidden, 1240.

statutes against extortion, 1120.
discrimination forbidden, 1163.
undue preference forbidden, 1201.
local discrimination forbidden, 1241.

powers of Railroad Commission, 1274.

provision for court review, 1297.

WITHDRAWAL FROM CARRIAGE,

whether there is an obligation to operate whole system, 277.

obligation to serve according to charter provision, 278.

forfeiture of its charter may be incurred, 278.

service must be continued according to charter provision, 279.

mandamus to compel operation of abandoned portion of a railroad
system, 279.

where no mandatory charter provision, 280.

partial withdrawal permitted where no charter provision, 281.

public service may retire from any separable part of the business, 281.
whether permanent withdrawal is allowed, 282, 283.

WOODENWARE,

classification of, 931.

rates on, 934.

WOOL,

classification of, 931.

rates on, 934.