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At a General Session of the INTERSTATE COMMERCE COMMIS

SION, Held at its Office in Washnigton, D. C., on the 3d Day of
June, 1907.

[Figures in brackets on right-hand side of pages indicate folios of original issue.]

The subject of a Uniform System of Accounts to be prescribed for and kept by carriers being under consideration, the following order was entered:

It is ordered, That the Classification of Expenditures for Road and Equipment and the text pertaining thereto, prepared under the direction of this Commission by Henry C. Adams, in charge of Statistics and Accounts, and embodied in printed form to be hereafter known as First Revised Issue, a copy of which is now before this Commission, be, and the same is hereby, approved; that a copy thereof duly authenticated by the Secretary of the Commission be filed in its archives, and a second copy thereof, in like manner authenticated, in the office of the Division of Statistics and Accounts; and that each of said copies so authenticated and filed shall be deemed an original record thereof.

[5 It is further ordered, That the said Classification of Expenditures for Road and Equipment with the text pertaining thereto be, and is hereby, prescribed for the use of carriers by rail (exclusive of electric railways) subject to the provisions of the act to regulate commerce as amended June 29, 1906, in the keeping and recording of their accounts of expenditures for road and equipment; that each and every such carrier and each and every receiver or operating trustee of any such carrier be required to keep all accounts of expenditures for road and equipment in conformity therewith; and that a copy of such First Revised Issue be sent to each and every such carrier and to each and every receiver or operating trustee of any such carrier.

It is further ordered, That the rules contained in said First Revised Issue of the Classification of Expenditures for Road and Equipment are, and by virtue of this order do become, the lawful rules according to which the said expenditures for road and equipment are defined; and that each and every person directly in charge of the accounts of any such carrier or of any receiver or operating trustee of any such carrier is hereby required to see to, and under the law is responsible for, the correct application of the said rules in the keeping and recording of the accounts of ex. penditures for road and equipment of any such carrier; and that it shall be un. lawful for any such carrier or for any receiver or operating trustee of any such carrier or for any person directly in charge of the accounts of any such carrier or of any receiver or operating trustee of any such carrier to keep any account or record or memorandum of any item of expenditure for road or equipment except in the manner and form in said First Revised Issue set forth and hereby prescribed, and except as hereinafter authorized.

It is further ordered, That any such carrier or any receiver or operating trustee of any such carrier may subdivide any primary account in said First Revised [6 Issue established as may be required for the purposes of any such carrier or of any receiver or operating trustee of any such carrier; or may make assignment of the amount charged to any such primary account to divisions, to its individual lines, or to States: Provided, however, That a list of such subprimary accounts set up or such assignments made by any such carrier or by any receiver or operating trustee of any such carrier be first filed in the office of the Division of Statistics and Accounts of this Commission subject to disapproval by the Commission.

It is further ordered, That in order that the basis of comparison between the fiscal year ending June 30, 1908, and previous years be not destroyed, any such carrier or any receiver or operating trustee of any such carrier may, during the twelve months ending June 30, 1908, keep and maintain, in addition to the accounts of expenditures for road and equipment hereby prescribed, such portion or portions of its present accounts with respect to items of expenditures for road and equip. ment as may be deemed desirable by any such carrier, or by any receiver or oper. ating trustee thereof, for the purposes of such comparison; or, during the same period, may maintain such groupings of the primary accounts hereby prescribed as may be desired for that purpose.

It is further ordered, That any such carrier or any receiver or operating trustee of any such carrier may, in addition to the accounts of expenditures for road and equipment hereby prescribed, keep any temporary or experimental accounts the purpose of which is to develop economies in road and equipment construction: Provided, however, That such temporary or experimental accounts shall not impair the integrity of any general or primary account hereby prescribed; and that any such temporary or experimental accounts shall be open to inspection by the Commission.

[7 It is further ordered, That July 1, 1907, be, and is hereby, fixed as the date on which said First Revised Issue shall become effective.

[8 INTRODUCTORY LETTER.

Interstate Commerce Commission,
Division of Statistics and Accounts,

Washington, June 3, 1907. To Carriers :

This Classification of Expenditures for Road and Equipment, with the text per. taining thereto, is issued in accordance with an order of the Interstate Commerce Commission, a copy of which will be found immediately preceding this letter. The rules which the Classification contains should be observed by carriers in all matters which it covers.

In 1897 the Interstate Commerce Commission issued a Classification of Construction Expenses for steam railways, and in 1905 this Classification was extended by adding to it a Classification of Equipment Expenditures. At the same time the word "expenditures” was substituted for the word “expenses" in connection with construction accounts. It will be noted that the title of this First Revised Issue has been changed to “Classification of Expenditures for Road and Equipment."

This classification, like the classification of Operating Revenues and of Operating Expenses, was revised with the co-operation of the accredited representatives of the Association of American Railway Accounting Officers, and, with the exception of the text of account No. 47, “Interest and Commissions,” and of the introduction of account No. 19, “General Office Buildings and Fixtures,” is, in all essential (9 particulars, promulgated in the form in which it was recommended by the Associa. tion of American Railway Accounting Officers. The essential modification of the title and text of account No. 47, “Interest and Commissions,” is made necessary by the adoption of the rule that all entries of values in the accounts covered by this Classification shall be in terms of cash.

The primary accounts have been grouped under three General Accounts, namely, “Road," “Equipment,” and “General Expenditures."

Henry C. Adams,
In charge of Statistics and Accounts. {10

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PRIMARY ACCOUNTS.
I. Road-

1. Engineering
2. Right of Way and Station Grounds.
3. Real Estate
4. Grading
5. Tunnels.
6. Bridges, Trestles, and Culverts.
7. Ties
8. Rails
9. Frogs and Switches.
10. Track Fastenings and Other Material.
11. Ballast
12. Track Laying and Surfacing.
13. Roadway Tools
14. Fencing Right of Way.
15. Crossings and Signs.
16. Interlocking and Other Signal Apparatus.
17. Telegraph and Telephone Lines....
18. Station Buildings and Fixtures..
19. General Office Buildings and Fixtures.
20. Shops, Enginehouses, and Turntables.
21. Shop Machinery and Tools.
22. Water Stations
23. Fuel Stations
24. Grain Elevators
25. Storage Warehouses

13 13 14 14 15 15 15 16 16 16 16 17 17 17 17 18 18 18 18 19 19 19 20 20 20 (11 20 21 21 21 22 22

26. Dock and Wharf Property.
27. Electric-Light Plants
28. Electric-Power Plants
29. Electric-Power Transmission
30. Gas-Producing Plants
31. Miscellaneous Structures
32. Transportation of Men and Material.
33. Rent of Equipment
34. Repairs of Equipment.
35. Earnings and Operating Expenses during Construction..

36. Cost of Road Purchased..
II. Equipment-

37. Steam Locomotives
38. Electric Locomotives

23 23

23 24

* Numbers refer to folios in brackets on right-hand side of pages, which are inserted to preserve page numbers of original issue.

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