Journal Article The Civic Federation Report on Public Ownership Get access William Bennett Munro William Bennett Munro Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 23, Issue 1, November 1908, Pages 161–174, https://doi.org/10.2307/1883970 Published: 01 November 1908
Journal Article The Price Policy of the United States Steel Corporation Get access Edward Sherwood Meade Edward Sherwood Meade The University of Pennsylvania Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 22, Issue 3, May 1908, Pages 452–466, https://doi.org/10.2307/1883741 Published: 01 May 1908
The twentieth section in the Act of 1887 was ineffective, 364–365.—Three provisions in the amended section: monthly reports, uniform accounts, special examiners, 365–367.—Operating and capital accounts, and their new supervision, 368.—The four principles underlying the Commission's accounting scheme, 370.—Discount on securities not to be carried as an asset, 370.—Depreciation and betterments accounts regulated, 371.—Surplus to be accurately stated, 372.—Industrial importance of the scheme: greater stability in railway securities, 372–376.—Clarifies relation of rates to cost, 376–377.—Wider influence of confidence in railway accounts, 377–379.—Conclusion; administrative supervision, rather than procedure in the courts, initiated by this regulation of accounts, 379–383.
Reasons for distinguishing in theory between the price policy of a temporary monopoly and that of a permanent monopoly, 384–389.—The current theory of monopoly price fails to make adequate allowance for the differences in monopolies, 389–390.—Rate of discount a factor in determining prices set by a permanent monopoly, 391.—Law of permanent monopoly price, 392.—Conditions affecting the rate of discount employed by the monopolist in fixing prices, 393–394.—Possible criticisms of the theory of permanent monopoly price, 394–397.—Practical consequences of the theory, 397–398.
The law as to franchises in Ohio; the "consent law, " 543.—Three difficulties: consents, reaching the center, finances. Mayor Johnson's guarantees, 545.—Earlier competing companies, 548.—Negotiations with the main company, 549.—Physical value of property; questions as to paving, overhead charges, 551.—Method of determining franchise values, 553.—Three transactions for effecting the transfer, —the sale, 559; the security grant, 559; the lease to the Municipal Traction Company, 561.—Financial calculations and expected economies of the Traction Company, 566;—The strike of the first few weeks and its defeat, 571.—Mayor Johnson's attitude, 574.
The causes of differences in cost, as to ore, 262–264; fuel, 264–267; limestone, 267; labor cost for iron and steel, 267–270.—The accumulated profits of the Steel Corporation, 270–272.—The results of its business for 1906, 272–273.
I. Comparative railway conditions in America and Australia, 400.—History of early railway enterprises, 402.—Railways and public lands, 403.—The leasing system, 404.—Land grant railways in Western Australia, 405.—II. Early history of railway administration, 406.—The commissioner system, 408.—Railway acts, 409.—Status and powers of commissioners, 410.—III. Construction of new lines, 410.—Land revenues appropriated to railway construction, 411.—Local guarantees for new lines, 411.—Early progress of railway construction, 413.—Causes that retarded progress, 414.—Comparative mileage of different colonies by decades, 414.—The gage question, 415.—Description of the state railway systems, 415.—Projected transcontinental lines, 417.—Private railways, 418.—Railway mileage in proportion to population and area, 418.—Railways constructed in advance of requirements, 419.—Distribution of railways, 419.—IV. Accounting methods, 420.—Cost of construction, 421.—Operating expenses and gross revenues, 425.—V. Passenger service and fares, 428.—Description of freight traffic, 429.—Some comparative traffic conditions in Australia and America, 431.—Railway rates, 432.—VI. Interstate competition, 433.—The rate question in the federal convention, 436.—VII. Tapering and development rates, 440.—Inequality of rates, 441.—Rates reduced by political pressure, 442.—The parcel system, 443.—Freight charges, 443.—Comparative rates in Australia and the United States, 444.—VIII. Profit and loss of Australian railroads, 445.—Prevalence of deficits, 446.—Reason for deficits, 446.—IX. Conclusion, 448.
Effect of new inventions upon laborer's income, 210–226.—a. Measured by an absolute standard, 210–211.—b. As compared with the income of the capitalist class, 211–226.—Effect on his person, 226–232.—a. Increasing demand for conformability, 226–228.—b. Reducing amount of routine mechanical work, 228–232.
Colonial tariffs, 576.—Early protection, 577.—New South Wales and Victoria, 578–580.—The tariff and the Federal Constitution, 582.—Compromise with Western Australia, 583.—Administration of customs, 584.—The First Federal Tariff of 1901, 586.—Protection to labor, 587.—The "New Protection, " 588.—The Second Federal Tariff of 1907, 592.—Preference to Great Britain, 593.—Manufactures extend, 597.—Questions as to states' rights, 599.—Protection likely to continue, 601.