d—
VA1.UATI0N ORDER NO. t
REGULATIONS
TO GOVERN THE
RECORDING AND REPORTING
OF ALL EXTENSIONS AND IMPROVEMENTS
OR OTHER CHANGES IN PHYSICAL
PROPERTY OF EVERY COM¬
MON CARRIER
AS PRESCRIBED BY THE
INTERSTATE COMMERCE COMMISSION
IN ACCORDANCE WITH SECTION 19A OF THE
ACT TO REGULATE COMMERCE
FIRST ISSUE
Efftctiv on July 1, 1014
I
WASHINGTON
OOTKRN*ENT PRINTING OFFIC*
i
Valuation Order No. 3
• \
REGULATIONS
to govern the
RECORDING AND REPORTING
OF ALL EXTENSIONS AND IMPROVEMENTS
OR OTHER CHANGES IN PHYSICAL
PROPERTY OF EVERY COM¬
MON CARRIER
AS PRESCRIBED BY THE
INTERSTATE COMMERCE COMMISSION
IN ACCORDANCE WITH SECTION 19a OF THE
ACT TO REGULATE COMMERCE
FIRST ISSUE
ICff'ex'tive on tfufy Ij 1014:
washington
government mintlng office
1914
Valuatiow Obdeb Xo. 3.
ORDER.
At a General Session of the INTERSTATE COMMERCE
COMMISSION, held at its office in Washington, D. C.,
on the 25th day of June, A. D. 1914.
The subject of a uniform system for reporting investment in the
physical property of every common carrier subject to the provisions
of the act to regulate commerce being under consideration, the fol¬
lowing order was entered :
It is ordered. That the regulations to govern the recording and
reporting of investment in physical property cf every common car¬
rier subject to the provisions of the act to regulate co.Timerce which
are set out in printed form to be hereafter known as first issue, a
copy of which is now before this Commission, be, and the same are
hereby, approved; that a copy thereof duly authenticated b}' the
Secretary of the Commission, be filed in its archives, and a second
copy thereof, in like manner authenticated, in the office cf the Divi¬
sion of Valuation; and that each of said copies so authenticated and
filed be deemed an original record thereof.
It is further ordered, That the said regulations be, and the same
are hereby, prescribed for the use of the aforesaid carriers in the
preparation of reports of investment in physical propertj- required
by the Commission to be filed with it in accordance with section 19a
of the act to regulate commerce; that each and every such carrier
and each and ever}' receiver or operating trustee of any such carrier
be, and is hereby, required to prepare and furnish to the Commission
reports of investment in physical property in conformity therewith;
and that a copy of said first issue be sent to each and every carrier
affected thereby and to each and every receiver or operating trustee
of any such carrier.
It is further ordered. That each and every carrier of the class here-'
inbefore described and referred to and each and every receiver or
operating trustee of any such carrier whose property is inventoried
as of June 30, 1914, shall be, and is hereby, required to file with the
Commission, and on forms which will hereafter be prescribed and
served upon the carrier as a part of this order, reports for the fiscal
year ending June 30, 1915, and for each succeeding fiscal year there¬
after; that carriers whose property is inventoried as of June 30 in
any year subsequent to 1914 shall be, and are hereby, required to ren-
49217*—14 (3)
4
der on the forms prescribed for that purpose reports for the fiscal
year immediately following the close of the fiscal year at June 30 as
of which the pro2>erty of such carriers is inventoried and for each
succeeding fiscal year thereafter: Provided, That each and every
carrier of the class described and referred to herein and whose prop¬
erty is not inventoried as of June 30, 1914, and each and every re¬
ceiver or operating trustee of any such carrier shall be, and is hereby,
required so to keep the accounts and records of the carriers between
June 30, 1914, and the date as of which the property of such carriers
is inventoried that rej^orts in accordance with the regulations herein
approved and prescribed can be prepared therefrom in the discretion
and at the direction of the Commission. The Commission will notify
each carrier in writing of the year as of which its property is to be
inventoried, and this date shall govern in the application of this
order.
It is further ordered, That July 1, 1914, be, and the same is hereby,
fixed as the date on which the said first issue shall become effective.
By the Commission.
[seal.]
George B. McGintt,
Secretary.
I. General.
1. Intent
SYNOPSIS.
II. Records to be kept by common carriers.
2. Authorities.
3. Detailed records of cost.
III. Reports to t>e filed by commtn carriers.
4. Reports of completed work.
5. Reports of uncompleted work.
IV. Reports shall be supported by maps or plans.
6. Reports of extensions.
7. Reports of improvements or other changes.
(6)
EEQULATIONS TO GOVEftN THE EECORDIHG AND EEPOETING
OP ALL EXTENSIONS AND IMPEOVEMENTS OE OTHEE CHANGES
IN THE PHYSICAL PEOPEETY OF EVEEY COMMON CAEEIEE.
I. GENERAT,.
1. Intent.
In order that the Interstate Commerce Commission may investigate, ascer¬
tain, reiwrt. and record the vaine of property of every common carrier, subject
to the i>rovisions of tiic act to regulate commerce, as such property may be
extended, improved, or changed, after June 30, 1914, it is essential that certain
records shall be prepared and kept by the carriers In their offices and that cer¬
tain reixirts shall be filed with the Interstate Commerce Commission. It is the
Intent of tliese regulations to prescribe a uniform method of recording and
reixtrtlng the investment in extensions. Improvements, or other changes, in-
clndlng retirements, of physical property.
U. RECORDS TO BE KEPT BY COMMON CARRIERS.
2. AtJTHOBITIES.
Bhtch extension and improvement or other change in the property of a com¬
mon carrier shall be covered by an authority setting forth clearly and ex¬
plicitly the general character and location, quantities and amounts involved In
the extension and Improvement or other changes. These authorities shall be
issued by executive or other resiiousible officers of carriers in numerical order
and separately for owners, and States, Territories, and the District of Columbia.
3. Detailed Recobds of Cost.
The records of common carriers, covering investment In extensions. Improve¬
ments, or other changes, including retirements, in the physical proiierty, shall
be kept by jobs, and separately by owners, and States, Territories, and the
District of Columbia in such complete detail as to units and quantities of the
material and labor entering therein so as to show a unit analysis of their cost.
m. REPORTS TO BE FILED BY COMMON CARRIEBS.
4. Repobts of Completed Wobk.
Reports of authorized jobs which have been completed shall be made within
six months after the conqfietlon thereof uiwn si>ecial forms which will be
later prescribed b.v tlie Commission. Such reports shall be summarized show¬
ing distribution by primary accounts in accordance with the Commission's
classifications. Reiiorts and summaries shall be made by Jobs, and separately
by owners, and States, Territories, and the District of Columbia. The com¬
pletion repoits for such jobs as extend over two or more fiscal years shall be
made In full detail for the entire period covered by the work and the amounts
expended In each fiscal year shall be stated in summary form.
(7)
8
5. Repobts or Uncompleted Work.
Reports of authorized jobs which have not been completed by June 30 of each
year shall be made in summary form only, showing the cost thereof to said June
30 and distributed by accounts in accordance with the Commission's classifica¬
tions. Separate summaries shail be made by owners and States, Territories,
and the District of Columbia, and filed with the Commission not later than six
months after said June 30.
IV. REPORTS SHALL BE SUPPORTED BY MAPS OR PLAITS.
6. Repobts of Extensions.
Reports of extensions shali be accompanied by such maps, profiles, plans, or
diagrams as are required by the Commission's specifications applicable to such
extensions.
7. Reports of Improvements or Other Changes.
Reiwrts of improvements or other changes, including retirements, shall be
accompanied by such maps, profiles, plans, or diagrams as may be necessary to
show their general character.
O