This removal causes great injury to the
pavement, and when the pressure of increased rates induces a new
company to start, the same inconvenience is again produced.
Perhaps one remedy against evils of this kind might be, when a
charter is granted to such companies, to restrict, to a certain
amount, the rate of profit on the shares, and to direct that any
profits beyond, shall accumulate for the repayment of the
original capital. This has been done in several late Acts of
Parliament establishing companies. The maximum rate of profit
allowed ought to be liberal, to compensate for the risk; the
public ought to have auditors on their part, and the accounts
should be annually published, for the purpose of preventing the
limitations from being exceeded. It must however be admitted,
that this would be an interference with capital, which, if
allowed, should, in the present state of our knowledge, be.
examined with great circumspection in each individual case, until
some general principle is established on well-admitted grounds.
378. An instrument called a gas-meter, which ascertains the
quantity of gas used by each consumer, has been introduced, and
furnishes a satisfactory mode of determining the payments to be
made by individuals to the gas companies.
Pages:
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421