Excerpt from Practical Rate Making and Appraisement
The eager mind and brain is learning new things every day and this fact makes one hesitate in the attempt to collate, digest and systematize this new branch of engineering science, "Rate making and appraisement" for undoubtedly there remains much of value to be originated and added to it.
The fact that the writer has been without precedents in his work and has been obliged to originate almost all of it so far as rate making is concerned makes him hesitate, but on the other hand, the fact that 6,500 copies of his book, "The Finances of Gas and Electric Light and Power Enterprises," have been sold and the demand for it still continues urges him to extend it by a work which is up to date, and which will enable others to practically execute in detail what he has so far in print only discussed in disconnected reports.
The writer most gratefully acknowledges his indebtedness for practical data to the admirable reports of the Massachusetts Gas and Electric Light Commission. Even in its lack of aggressiveness it appears to have proved itself, on the whole, both safer and wiser than other commissions. It reports are invaluable for their lucidity and brevity, as well as comprehensiveness.
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