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TABLE NO. 5.

TELEPHONE AND TELEGRAPH RATE AND SERVICE PROCEEDINGS DECIDED DURING FISCAL YEAR ENDING JUNE 30, 1923.

11663 A-6349
11699 C-1690
11716 C-1670
11716 C-1677
11716 C-1678
11731 A-8702
11742 A-8513
11785 A-8694
11786 A-8695
11837 A-7627

City of Chula Vista vs. Pacific Telephone and Telegraph Company...

Wm. Cromlie and Corcoran Telephone Company.

Upper Lake Farmers Telephone Association.

Upper Lake Central...

H. P. Harralscn...

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Sunland Rural Telephone Company

City of San Diege vs. The Pacific Telephone and Telegraph Company. City of National City vs. The Pacific Telephone and Telegraph Company. City of Chula Vista vs. The Pacific Telephor e and Telegraph Company. C. F. Alsing vs. Pacific Telephone and Teleg ah Company. M. F. Patten vs. Pacific Telephone and Telegraph Company.

G. Guerra.

G. Gowland vs. Pacific Telephone and Telegraph Company.

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El Monte Chamber of Commerce vs. Pacific Telephone and Telegraph Company. San Joaquin Valley Telephone Company.

E. Herald vs. Pacific Telephone and Telegraph Company. F. E. Curtis vs. Pacific Telephone and Telegraph Compary.

T. H. Dassel.

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Colfax Suburban Telephone Company and Carl G. Bell.

Kerman Telephone Company.

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A. B. Ambler et al vs. Pacific Telephone and Telegraph Company.

Town of Mill Valley vs. Pacific Telephone and Telegraph Company.

F. C. Parsons and Nellie D. Parsens vs. Pacific Telephone and Telegraph Company. H. P. Harralscn.

Reedley Telephone Company.

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August 25, 1923

Closing Closing offices.

Dismissal Proceeding dismissed.
Transfer Transfer of property.

Abandonment Abandonment of service.

CHAPTER XII.

TRANSPORTATION DIVISION.

During the last year the important work of this division included a study of a general plan of consolidation of the railroads of the United States in connection with hearings before the Interstate Commerce Commission as affecting the railroads of California; and the submission of evidence at these hearings; preparation and presentation of evidence before the Interstate Commerce Commission in connection with grade crossing elimination and with passenger terminal unification in the city of Los Angeles; the Los Angeles Street Railway survey; the Los Angeles Harbor Transportation Development investigation; the making of a report dealing with service and operation on the Bakersfield and Kern Railway Company, Fresno Traction Company, Rodeo-Vallejo Ferry Company and Fairfax Incline Railway Company.

GRADE CROSSINGS.

A large part of the work during the year was necessarily in connection. with applications filed with the Commission for the authorization of grade crossings. There were 280 such applications filed during the year as contrasted with 155 during the previous year, an increase of over eighty per cent. The largest part of this increase came in the first half of the year 1923 and, because of several resignations in the division, required more delay in handling than had previously been the case. This increase is, no doubt, largely due to the development of California, as a major portion of such applications involve the construction of grade crossings on spur tracks constructed to serve new industries or, in the larger cities, existing industries.

VALUATIONS.

The following valuations of transportation properties other than steam railroads have been made by the Commission during the year. All of these valuations have been made in connection with proceedings involving

rates.

1. Rodeo-Vallejo Ferry Company-Mare Island Run (Application No. 8512).

This application was presented in evidence at a hearing involving the rates from Vallejo to Mare Island.

Historical reproduction cost.

Historical reproduction cost, less depreciation..

$50,176 00 24,601 00

2. Bakersfield and Kern Electric Railway Company (Application No. 7230).

A valuation upon the historical reproduction cost basis of this property was made in conjunction with the investigations into service, operations and financial conditions.

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3. Fresno Traction Company (Application No. 7205).

$339,342 00 8,586 00

$347,928 00

Valuation was made on the historical reproduction cost basis in con

nection with the resettlement franchise obtained by the railroad from the city of Fresno. The resettlement franchise was on the basis of a minimum fare rather than on the basis of division of profits as has been the usual practice and because of this feature the franchise contained provisions to the effect that a yearly adjustment of fares was to be made predicated upon current earnings. The valuation presented by the engineering department was, therefore, on the reproduction cost basis and totaled as follows:

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4. Fairfax Incline Railway Company (Application No. 8877).
This valuation covered the operative property of the Fairfax Incline
Railway Company which consists of a funicular railway near Manor,
Marin County.

Historical reproduction cost.

Historical reproduction cost, less depreciation

STEAM RAILROAD VALUATIONS.

$18,641 00 12,026 00

In accordance with the provisions of the Interstate Commerce Commission Act valuations of railroad properties prepared by the bureau of valuation of the Interstate Commerce Commission are submitted to the Governor of each state. As prepared by the bureau of valuation there are three reports, namely:

1.

Engineering Report-An inventory and appraisal of all properties except lands. 2. Land Report-An inventory and appraisal of all lands.

3. Accounting Report-Dealing with history book cost and earnings, financial and corporate.

These reports, for both interstate and intrastate railroads, comprising a valuation of the road and equipment are referred to this Commission for attention.

Table No. 1 shows the tentative valuation figures found by the bureau. of valuation for cost of "reproduction new" and "reproduction cost less depreciation" for all items of property except land and the "present value" of lands. These reports, which have been submitted to the Commission, known respectively as Engineering Reports and Land Reports, are submitted by the bureau of valuation to the Interstate Commerce Commission and the carrier concerned at the same time that they are sent to the various states.

At some later time the Interstate Commerce Commission prepared a tentative valuation, based on the findings of the bureau of valuation, which is submitted to the states and the carriers with notice that protest and request for public hearing must be given within a specified time. The tentative valuation is one figure for all the property of the carrier including, in addition to the items listed in the engineering and land reports, materials and supplies on hand and all other elements of value. Unless protest is made the tentative value becomes the final value. During the year tentative valuations have been received as follows: Amador Central Railroad Company.

California Western Railroad and Navigation Company.

Cement, Tolenas and Tidewater Railway Company.

Lake Tahoe Railway and Transportation Company.

Nevada County Narrow Gauge Railroad.

Sierra Railway Company of California.

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TABLE NO. 1.

VALUATION OF STEAM RAILROADS BY INTERSTATE COMMERCE COMMISSION DIVISION OF VALUATION-FILED WITH THE GOVERNOR OF THE STATE OF CALIFORNIA AND AVAILABLE TO THE ENGINEERING DEPARTMENT TO JUNE 30, 1923.

San Joaquin and Eastern Railroad Company.

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