Excerpt from Federal Regulation of Railroad Securities and Valuation of Railroad Properties: Letter to the Railroad Securities Commission in Reply to Their Request for Information and Opinions This inventory method is supplemented by a consideration Of the earning capacity of the roads, and in the same Bulletin will be found an interesting letter from Prof. Henry C. Adams, addressed to the Michigan Board of State Tax Commissioners. In which he recommends a rule for the appraisal of non-physical elements of corporate property. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.