Discussion on “rates and rate making” (Lincoln), New York, October 8, 1915. (see proceedings for October, 1915)

William McClellan: I am interested in the theory of the maximum demand meter, and I hope Mr. Lincoln will pursue it, so that we can get a good type of maximum demand meter. It is needed, but the inference that it is universally needed is not in my opinion true. It is my firm belief that rates and rate-making is about ninety-five per cent commercial and about five per cent engineering. We have got to have a certain amount of general information along engineering lines to understand what a true rate should be, but our commercial men, who familiarize themselves with fundamental facts, are the men best qualified to make rates.