The Committee on Pipe Line Accounting Regulations of 14 members was already in existence at the time the valuation work on pipelines was undertaken. These were the committees which undertook to cooperate with the Interstate Commerce Commission for the valuation of pipelines. It will be recalled that Director Lewis in his letter to President Byles, API, said that In the valuation of the railroads the carriers created an organization and committees to represent them generally. This is the organization described in annex B. There is also included in annex B, a statement of the practices followed in the valuation of the railroads, abstracted from the Texas Midland Railroad case (75 I. C. C. 1, p. 8), decided July 31, 1918. In a letter read by Mr. Dow to the Central Committee on Pipe Line Transportation on November 15, 1934, which he had received from Director Lewis, the basic plan for the field survey is outlined by the Director with a number of persons in the party both for the Commission and the carriers with the duties stated for each. At a meeting of representatives of the Engineers-Accountants Valuation Subcommittee with representatives of the Engineering Section, Bureau of Valuation, ICC, held in Washington, December 3 to 7, 1935, the ICC representatives described in detail the valuation plan which would be followed for pipelines. At this same meeting, representatives of the Commission accepted the Pipe Line Valuation Committee and its Engineers-Accountants Valuation Subcommittee as representative of the pipeline carriers. Thus, it will be seen that the plan of organization and procedure for the valuation of pipelines followed that used for the railroads; that the pipeline plan originated with the Commission and was based on the railroad plan, and that the committees organized in the American Petroleum Institute to cooperate with the Commission as required by law were approved by the Commission (annex C). Mr. Moss. I want to stop at this time and take about 3 minutes to show you and the committee the organization of the division of transportation into which these committees group. This is the railroad section. There are 140,000 tank cars in the United States. They are not owned by the railroads. They are owned by the oil companies and by leasing companies. We have since 1919 had these committees which deal with the railroad problem. There are many cooperative arrangements that we have to have with the Interstate Commerce Commission and with the Association of American Railroads. The CHAIRMAN. Do you want these charts in the record, Mr. Moss? Mr. Moss. Yes, sir, I would like to have them in the record, and they have been reproduced in facsimile. The CHAIRMAN. They will be accepted in the record. (The charts referred to are as follows:) Central Committee Transportation Transportation Regulations Diversion & Reconsignment Tank Car Compensation Tank Car Compensation Methods Central Committee Accident Studies Sizes & Weights - Highway Taxation Brakes Weighing & Inspection Noise-Smoke & Fumes - Speed Compartmentation & Baffles Loading & Unloading - Vapor Return - Fill Connections Material Specifications Measurement Design of Cargo Tanks - Valves & Piping - Intermixing Aircraft Refuelers Shipper Regulations. General Information - Corrosion Central Committee Construction Practices Welding External Corrosion Internal Corrosion Plastic Pipe & Fittings Pipe Line Crossings Pollution General Information Radio & Communications Personnel Training Pipe Line Accounting Engineers - Accountants Valuation Lease Tank Practices Dispatching Filtering Evaporation Losses Handling Special Products Storage Tanks Metering |