United States Congressional Serial Set

Front Cover
U.S. Government Printing Office, 1935 - United States
Reports, Documents, and Journals of the U.S. Senate and House of Representatives.
 

Contents

Growth of the gas industry measured by incometax data
33
Control of developed water power by the largest 10 interests in 1911
35
Electric utility holding company transmission systems_
39
Mileage of transmission systems
41
Quantity of electric energy transmitted across State boundaries
43
Mileage of gas transportation systems_
45
Quantity of manufactured and natural gas produced by the principal
47
34
52
Ledger value of the aggregate total corporate assets total corporate
53
Other companies examined
54
Competition among holding companies
60
36
63
Equity in the operating company at the bottom of the pyramid owned
65
29
71
Influence of investment bankers__
75
34
77
ORGANIZATION STRUCTURE AND BASIS OF HOLDING
83
43
91
Corporate structure of Niagara Hudson Power Corporation
96
49
106
83
106
Organizers reasons for forming holding companies
130
Technical methods of control with minority equity
136
Interlocking officers and directors among different holding
153
Insull GroupCorporate relations approximately Jan 1 1932
156
Chain of control by Insull interests not incorporated
160
Concentration or diffusion of ownership of holding companies__
166
Section 9Continued Page
170
65
173
GROWTH OF CAPITAL ASSETS
179
Ledger value of the assets of the 18 top holding companies at the final
181
71
187
Growth through construction__
193
Growth through purchases and inflation in intercompany
221
Revaluation of securities of Mohawk Hudson Power Corporation
228
Growth and inflation through consolidations mergers
249
73
261
Reorganizations principally for the purpose of avoiding
276
Increases or decreases in capital assets through appraisals
282
Section 7Continued
293
Summary of writeups improperly capitalized intangibles and inflation
299
SECURITY ISSUES AND OTHER LIABILITIES
305
Relative proportions of securities issued by the holding and operat
313
Outstanding longterm debt preferred stock and common stock
315
Indicated growth of capital liabilities of companies examined
320
Securities issued as dividends on stock
336
MAPS
340
Securities issued to retire outstanding issues or to refinance matured
344
Particular practices in connection with security issues
350
Secured longterm obligations
362
Debentures and other unsecured longterm obligations
378
Income of operating companies
427
Cash dividends
440
Amounts and sources of cash dividends received by Associated Gas
441
Stock dividends_
448
Interest income_
458
Section 7Continued Page
465
Expenses
480
Gross income and operating expenses of certain holding companies
484
Depreciation
496
Surplus
512
Certification of financial statements by auditors_
528
INFLUENCING THE COURSE OF THEIR MARKET PRICES
535
Sales and purchases of Cities Service Co common stock by Henry L
544
Summary of operations January to July 1928_
549
Effect of option features on market price of bonds when market price
563
Operations by Utility Securities
583
Market purchases of Corporation Securities Co of Chicago units
584
Section 5Continued Page
585
PUBLIC UTILITY SERVICING AND SERVICING COSTS
599
Associated Gas Electric System 100
601
Compensation under the service contract
605
Other provisions of the service contract
611
Section 3Continued Page
625
North American Light Power Co Delaware
650
Fond du Lac development and related projects
656
Ratio of management fees incurred by six representative operating
660
Section 5Continued Page
667
Management agreement between Byllesby Engineering Man
681
New YorkAreas in New York in which Associated Gas Electric
685
Term contract for engineering and construction used by Stone
687
PHYSICAL PROPERTIES AND OPERATING METHODS
695
Conclusions regarding depreciation
701
Section 4Continued Page
710
Washington Water Power Co
717
Alabama Power Co
723
Section 8Continued Page
731
consumers
754
Natural Gas Pipe Line Co of America
770
Section 10Continued Page
771
Depreciation and loss in usevalue
777
Distribution systems and facilities
792
Operating expenses of Alabama Power
799
Minimum monthly bills
805
Engineering appraisals
812
Reproduction cost
818
Section 20Continued Page
822
ADVANTAGES AND DISADVANTAGES OF HOLDING
831
their effect on operating companies and consumers
845
Intercompany sales within a holdingcompany group
851
Other claimed economies of large holding companies
857
Advantages and disadvantages of holding companies in relation
871

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Page 186 - This includes cost of preparing and distributing prospectuses, cost of soliciting subscriptions for stock (but not for loans nor for the purchase of bonds or other evidence of indebtedness), cash fees paid to promoters...
Page 283 - The doctrine arose that the investors were entitled to receive the equivalent of a "fair return" on the "fair value" of the property "used and useful
Page 176 - ... securities and the time when the property acquired or the improvement made becomes available for the service for which it is intended. The proportion of discount and expense thus chargeable shall be determined by the ratio between the period prior to the completion or coming into service of the facilities or improvements acquired or constructed and the period of the entire life of the securities issued.
Page 176 - When any bonds, notes, or other evidences of indebtedness are sold, or any interest-bearing debt is incurred for acquisition and construction of original road and equipment, extensions, additions, and betterments, the interest accruing on the part of the debt representing the cost of property chargeable to road and equipment accounts (less interest, if any, allowed by...
Page 246 - a party to a reorganization" includes a corporation resulting from a reorganization and includes both corporations in the case of an acquisition by one corporation of at least a majority of the voting stock and at least a majority of the total number of shares of all other classes of stock of another corporation. (j) Definition of control. — As used in this section the term "control...
Page 4 - The growth of the capital assets and capital liabilities of public utility corporations doing an interstate or International business supplying either electrical energy in the form of power or light or both, however produced, or gas, natural or artificial, of corporations holding the stocks of two or more...
Page 457 - Taxpayers who are granted extensions of time for filing returns will be charged with interest at the rate of 6 percent per annum on the unpaid amount of tax from the original due date until paid.
Page i - ... (5) the value or detriment to the public of such holding companies owning the stock or otherwise controlling such public utility corporations immediately or remotely, with the extent of such ownership or control, and particularly what legislation, if any, should be enacted by Congress to correct any abuses that may exist in the organization or operation of such holding companies.
Page 2 - Subpenas may be issued over the signature of the chairman of the committee or any member of the committee designated by him, and may be served by any person designated by such chairman or member. The chairman of the committee or any member thereof may administer oaths to witnesses.
Page 467 - The losses which this account is intended to cover are those incident to important retirements of buildings, of large sections of continuous structures, like electric line, or of definitely identifiable units of plant or equipment, and the purpose of the account is that the burden of such losses may be as nearly as is practicable equalized from year to year.

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