ASSISTANT EDITOR: CLYDE L. KING EDITOR BOOK DEPARTMENT: ROSWELL C. MCCREA ASSOCIATE EDITORS: JAMES C. BALLAGH, G. G. HUEBNER, S. S. HUEBNER, CARL AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE 36TH AND WOODLAND AVENUE PHILADELPHIA Copyright, 1914, by AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE All rights reserved EUROPEAN AGENTS ENGLAND: P. S. King & Son, 2 Great Smith St., Westminster, London, S. W. GERMANY: Mayer & Müller, 2 Prinz Louis Ferdinandstrasse, Berlin, N. W. THE PAPERS IN THIS PUBLICATION WERE COLLECTED AND EDITED BY CLYDE LYNDON KING, PH.D. ASSISTANT EDITOR 278111 CONTENTS I. LEGISLATION AS TO STATE PUBLIC UTILITY COMMISSIONS PAGE QUALIFICATIONS NEEDED FOR PUBLIC UTILITY COMMIS- William Dunton Kerr, A.B., LL.B., Director, Bureau of Public Serv- THE PUBLIC SERVICE COMPANY LAW OF PENNSYLVANIA..... William N. Trinkle, Counsel, Public Service Commission of the II. STATE REGULATION AND MUNICIPAL ACTIVITIES III. UNIFORM ACCOUNTING AND FRANCHISES GOVERNMENTAL REGULATION OF ACCOUNTING PROCEDURE.. 119 L. G. Powers, Litt.D., Sometime Chief Statistician, Bureau of the IV. PUBLIC CONTROL OVER SECURITIES SHOULD THE PUBLIC UTILITIES COMMISSION HAVE POWER TO CONTROL THE ISSUANCE OF SECURITIES?.. John M. Eshleman, President, Railroad Commission of the State James E. Allison, Former Commissioner and Chief Engineer, St. Louis Public Service Commission; Member A.S.C.E., and A.S.M.E. CAPITALIZATION OF EARNINGS OF PUBLIC SERVICE COMPA- Morris Schaff, Commissioner, Board of Gas and Electric Light Com- CERTAIN PRINCIPLES OF VALUATION IN RATE CASES..... 182 Robert H. Whitten, Librarian-Statistician of the Public Service |