├──────────────┼───────────────┼──────────────┼───────────┼───────────┤ │Grand │ $78,822│ $62,341│ $60,155│ $51,876│ │ total—All │ │ │ │ │ │ liabilities │ │ │ │ │ │Profit and │ 3,138│ 1,257│ 2,394│ 1,038│ │ loss balance│ │ │ │ │ ├──────────────┼───────────────┼──────────────┼───────────┼───────────┤ │Grand │ $81,960│ $63,588│ $62,549│ $52,914│ │ total—All │ │ │ │ │ │ assets │ │ │ │ │ ╘══════════════╧═══════════════╧══════════════╧═══════════╧═══════════╛ It ought also to be borne in mind, in this connection, that, while there could be no lawful mode for the revision of existing capitalization, should it in any instance be found to be too small or too great when measured by the results of such a valuation, the future issue of securities must be controlled by the necessities of the carriers and the state of the market, and is also practically restricted by the Interstate Commerce Commission's accounting system, which declares what expenditures may and what may not be carried into the capital account. The law cannot compel any company to repudiate any existing security, and if it could it is not to be supposed that Congress would compel such an impairment of contract rights; public policy will not permit in practice restrictions that would prevent the issue of securities to meet the actual needs of the public and the carriers; the accounting system prevents issues of any other sort. Further restrictions would be cumulative and superfluous. TABLE 11.