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To render this service more efficient and effective and to promote a more scientific regulation, the process of valuing railroad properties should be simplified and the primary valuations should be completed as rapidly as possible. The problem of rate reduction would be much simplified by a process of railroad consolidations. This principle has already been adopted as Federal law.
While pursuing our discussion, however, we shall for once avoid all comparisons and valuations, and guard more especially against that flattering illusion that our conditions should be regarded as the standard for all others and as surpassing them.
An ideal or a definition of government in terms of its functions and the degree of efficiency in the performance of them might still, we ought to observe, leave a wide scope for preference in regard to forms, and other subjective valuations. Even between aristocratic and democratic forms, there may be still room for valid appreciations on æsthetic or moral grounds.
Wild speculation in love stock, false valuations, hysterical desire to buy in the cheapest and sell in the dearest market, invariably follow. Before the end of the month Harold Phipps and Eleanor Bartlett were gambling in the love market with a recklessness that would have staggered the most hardened old speculator.
A striking illustration of these frauds will be exhibited in the report of the Secretary of the Treasury, showing the custom-house valuation of articles imported under a former law, subject to specific duties, when there was no inducement to undervaluation, and the custom-house valuations of the same articles under the present system of ad valorem duties, so greatly reduced as to leave no doubt of the existence of the most flagrant abuses under the existing laws.
The product of agriculture paid the largest part, but a percentage was retained on salaries and pensions paid by the government, and the incomes of public officers receiving fees was estimated. In spite of the desire to include every income in the operation of this tax, it was generally believed that valuations were habitually made too low, and that unfair discrimination took place.
And behind all logic and its seeming sovereignty of movement, there are valuations, or to speak more plainly, physiological demands, for the maintenance of a definite mode of life For example, that the certain is worth more than the uncertain, that illusion is less valuable than "truth" such valuations, in spite of their regulative importance for US, might notwithstanding be only superficial valuations, special kinds of niaiserie, such as may be necessary for the maintenance of beings such as ourselves.
In her writings I find no implicit, and often well-merited, jeer at accepted ideas of what prose and verse should be and what they should be about; no nervous dislike of traditional valuations, of scholarship, culture, and intellectualism; above all, no note of protest against the notion that one idea or emotion can be more important or significant than another. Assuredly, Mrs.
The Valuation of Studies. The theory of educational values involves not only an account of the nature of appreciation as fixing the measure of subsequent valuations, but an account of the specific directions in which these valuations occur. To value means primarily to prize, to esteem; but secondarily it means to apprise, to estimate.
Although the hearers were awake, they were entertained as though in a dream." Hence a purely lyric attitude toward life, which was apprehended only on transcendent, musical valuations.
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