Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...and electric regulation commission was created the gas company had earned as average dividend of 22 1-5% per annum; that twelve years after the city had brought its first case before that board to lower the gas rates, the rates were 15% higher, the service was painfully inadequate, and the meters were revolving more rapidly than ever. We quote material excerpts from the brief itself: "CLOSING ARGUMENT OF G. W. ANDERSON. "After hearings extending over about eight months, the taking of nearly 1600 pages of evidence, besides numerous elaborate tabulations, computations and charts, the time has come briefly to review some salient parts of this evidence and to submit our views as to what is a fair and reasonable price to be charged by the Haverhill Gas Light Company to its consumers. "THE PRESENT SITUATION. "Twelve years ago yesterday I argued for the Mayor of Haverhill a like petition seeking a reduction in the price of gas. It is interesting to compare the situation then and the situation now. At that time the company was furnishing at $1.00 per thousand, net, gas of an average candle power of 24.3, costing the consumers obviously a little over 4 cents per candle power. As a result of the evidence adduced on that petition the Commission ordered a reduction to 80 cents net. The Company refused to obey the order, and brought a bill in equity in the Federal Court setting up the usual allegations of confiscation contrary to the Fourteenth Amendment. To the disgrace of the Commonwealth of Massachusetts, the case was never brought to trial. The consumers were left until July 1, 1909, to pay the full price of $1.00. The regulated-price-by-commission order has accomplished nothing for the citizens of Haverhill during these twelve years....
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