Convention, Volume 21

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Page 16 - Over the last year or so there has been a great deal of comment about the prices paid for North Sea gas by the British Gas Corporation. A number of commentators have suggested that the reserve potential of the North Sea is very large but the low prices offered by British Gas have destroyed the incentive to explore. As a result, they claim that exploration...
Page 335 - I move that the report of the nominating committee be accepted, and that the secretary cast the ballot of the association for the gentlemen named.
Page 27 - In order to protect the public, exclusive franchises should be coupled with the condition of public control requiring all charges for services fixed by public bodies to be based on cost, plus a reasonable profit...
Page 27 - While it is not supposed to be popular to speak of exclusive franchises," he stated, "it should be recognized that the best service at the lowest possible price can only be obtained, certainly in connection with the industry with which we are identified, by exclusive control of a given territory being placed in the hands of one undertaking."12 Although criticized by many of his utility colleagues who wanted no government intervention, Insull became the chief proponent of regulation and monopoly....
Page 27 - European experience, Insull said: The more certain this protection is made, the lower the rate of interest and the lower the total cost of operation will be, and consequently, the lower the price of the service to public users. If the conditions of our particular branch of public service are studied in places where there is a definite control, whether by commission or otherwise, it will be found that the industry is in an extremely healthy condition, and that users and taxpayers are correspondingly...
Page 322 - ARTICLE V. — MEETINGS. The annual meeting of this Association shall be held...
Page 34 - I regret to say that I shall not be able to avail myself of your kind invitation to attend the forthcoming convention in Chicago in June. " Yours faithfully, . " SILVANUS B. THOMPSON "May 26, 1898.
Page 6 - ... Railroad Company. Lexington, Ky., Belt Electric Line Company in place of Passenger and Belt Railway Company. Newark, NJ, Newark and South Orange Railway Company in place of Newark and South Orange Horse Railroad Company. Norfolk, Va., Norfolk Street Railroad Company in place of Norfolk City Railroad Company. St. Joseph, Mich., St. Joseph and Benton Harbor Electric Railway and Light Company in place of St. Joseph and Benton Harbor Railway and Light Company. Terre Haute, Ind., Terre Haute Electric...
Page 279 - No man ever grew rich who had not learned and practiced the adage, " if you take care of the pennies, the dollars will take care of themselves.
Page 26 - ... corporations operating this industry. It would seem to me to be a very proper function for this association to address itself to educating the public to a definite legislative policy that will be fair to the municipalities, securing to the public the best service at the lowest possible price, and protecting corporations by giving them franchises, which, while conserving municipal control, will insure to the investor the permanency of the undertaking. COMPETITION IS NOT THE TRUE REGULATIVE FORCE...

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