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At a General Session of the INTERSTATE COMMERCE COMMIS
SION, Held at its Office in Washington, D. C., on the ist Day of
[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 Supplement to the Classification of Operating Revenues, First Issue, 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 Supplement to the First 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.
It is further ordered, That the said Supplement to the First Issue 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 operating revenue accounts; that each [5 and every such carrier and each and every receiver or operating trustee of any such carrier be required to keep operating revenue accounts in conformity therewith; and that a copy of said Supplement to the First 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 the said Supplement to the First Issue are, and, by virtue of this order, do become lawful rules according to which the said operating revenues are defined: Provided, however, That nothing in this order shall be construed as relieving any such carrier or any receiver or operating trustee of any such carrier from observing all rules contained in the Classification of Operating Revenues, First Issue, which are not changed by the rules contained in said Supplement to the First Issue.
It is further ordered, That July 1, 1908, be, and is hereby, fixed as the date on which said Supplement to the First Issue shall become effective.
[6 INTRODUCTORY LETTER
Interstate Commerce Commission,
Washington, June 16, 1908. To Carriers Concerned:
The Classification of Operating Revenues prescribed by the Interstate Commerce Commission took effect on July 1, 1907.
It is found advisable to make a few changes in this classification to take effect on July 1, 1908, and it is the purpose of this Supplement to the First Issue to indicate such changes. They are not of sufficient importance to warrant at this time a revision of the classification. In this Supplement will be found, under the title of each primary account in the prescribed Classification of Operating Revenues, a statement, first, of the changes made in the text descriptive of the several accounts; and second, reference to the cases published in Accounting Bulletin No. 1, which cases should be treated as interpretations of the text, and from which many of the modifications and additions promulgated in this Supplement have been drawn. It thus appears that this Supplement will serve as an index to the cases bearing upon the interpretation of the several primary accounts, as well as authority for modifications in the text of such accounts.
An important modification of the present Classification of Operating Revenues covered by this Supplement was made necessary by the promulgation of accounting rules for outside operations. Thus, in the case of the account “Parlor and Chair Car Revenue,” attention is called to the fact that this account should be interpreted consistently with the introductory letter to the Classification of Revenues and Expenses for Outside Operations. When this Classification of Operating Rer. [7 enues was issued no rules had been provided for the assignment of expenses of the operation of parlor and chair cars; such rules have now been promulgated, and consequently the language in the text of this primary account as originally issued is no longer pertinent. A similar explanation pertains to the modification of the text descriptive of “Express Revenue.
No question has received greater attention during the past year than the treatment of switching and terminal revenues, and especial attention called to the change in the definition of switching revenue promulgated by this Supplement.
It will be further noted that two new primary accounts, namely, "Joint Facili. ties Revenue-Dr.” and “Joint Facilities Revenue-Cr.,” have been added. A full explanation of these accounts and the reasons for their adoption will be found in the Agenda for the Twentieth Annual Meeting of the Association of American Rail. way Accounting Officers, pages 206 to 209, inclusive.
Henry C. Adams,