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" We hold, however, that the basis of all calculations as to the reasonableness of rates to be charged by a corporation maintaining a highway under legislative sanction must be the fair value of the property being used by it for the convenience of the public. "
The American and English Railroad Cases: A Collection of All Cases ... - Page 78
1899
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 246

Illinois. Supreme Court - Law reports, digests, etc - 1911 - 726 pages
...the grounds upon which they should be fixed, in Smyth v. Ames, 169 US 466, the court said (p. 546) : "We hold, however, that the basis of all calculations...must be the fair value of the property being used for the convenience of the public, and in order to ascertain that value, the original cost of construction,...
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Reports of Cases at Law and in Chancery Argued and Determined in ..., Volume 291

Illinois. Supreme Court - Law reports, digests, etc - 1920 - 694 pages
...rate-making purposes is the cost of reproduction new, less depreciation. This contention cannot be sustained. The basis of all calculations as to the reasonableness...rates to be charged by a corporation maintaining a public utility under legislative sanction must be the fair value of the property being used by it for...
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The Federal Reporter, Volume 124

Law reports, digests, etc - 1903 - 1112 pages
...the former decision : "The basis of all calculation as to the reasonableness of rates to be charged a corporation maintaining a highway under legislative sanction must be the fair value of the property used by It for the convenience of the public. And in order to ascertain that value the original cost...
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The Supreme Court Reporter, Volume 18

Law reports, digests, etc - 1899 - 986 pages
...circumstances, is such compensation for the use of its property as will be just both to it and to the public." We hold, however, that the basis of all calculations...maintaining a highway under legislative sanction must be tf the fair value of the property being used by •f it for the convenience of the public. And, •'in...
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The Southwestern Reporter, Volume 233

Law reports, digests, etc - 1922 - 1206 pages
...prescribed in Smyth v. Ames, 169 US loc. cit. 546, 18 Sup. Ct 434, 42 L. Ed. 819, in which it was said: "We hold, however, that the basis of all calculations...the property being used by it for the convenience of tlie public. And in order to ascertain that value, the original cost of construction, the amount expended...
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Interstate Commerce Commission Reports: Reports and Decisions of ..., Volume 124

United States. Interstate Commerce Commission - Interstate commerce - 1927 - 992 pages
...which lies at the root of this and other valuation proceedings. In that pioneer case the court held that the " basis of all calculations as to the reasonableness...used by it for the convenience of the public," and that " what the company is entitled to ask is a fair return upon the value of that which it employs...
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Interstate Commerce Commission Reports: Reports and Decisions of ..., Volume 327

United States. Interstate Commerce Commission - Interstate commerce - 1966 - 1116 pages
...determined. In Smyth v. /lmes,53 the Supreme Court of the United States held; 53169 US 466. We hold that the basis of all calculations as to the reasonableness...under legislative sanction must be the fair value of property being used by It for the convenience of the public *** what the company Is entitled to ask...
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United States Reports: Cases Adjudged in the Supreme Court, Volume 169

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1898 - 800 pages
...legislative enactment in disregard of the fundamental guarantees for the protection of property. Tim basis of all calculations as to the reasonableness of rates to be chargeil by a corporation maintaining a highway under legislative sanction must be the fair value of...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 174

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1899 - 868 pages
...US 5J4. In the same case it was also said that " the Opinion of the -Court. basis of all calculation as to the reasonableness of rates to be charged by...legislative sanction must be the fair value of the property used by it for the convenience of the public. And in order to ascertain that value, the original cost...
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United States Reports: Cases Adjudged in the Supreme Court at ... and Rules ...

United States. Supreme Court - Law reports, digests, etc - 1899 - 868 pages
...US 544. In the same case it was also said that " the Opinion of the Court. basis of all .calculation as to the reasonableness of rates to be charged by...legislative sanction must be the fair value of the property used by it for the convenience of the public. And in order to ascertain that value, the original cost...
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