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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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Journal of the Proceedings of the Common Council

Detroit (Mich.). City Council - 1899 - 1218 pages
...reasonable. It has been held that the basis of all calculations In this regard as to reasonable rates Is the fair value of the property being used by it for the convenience of the public. In order to ascertain that value th? original cost of construction, the amount expended in permanent...
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Annual Report of the Interstate Commerce Commission

United States. Interstate Commerce Commission - Interstate commerce - 1899 - 286 pages
...considered in determining whether the legislature has exceeded its constitutional authority. It was held, however, that the basis of all calculations as- to the reasonableness of railway rates must be the fair value of the property being used for the convenience of the public;...
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Legislative Documents, Volume 3

Iowa. General Assembly - Iowa - 1900 - 1196 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...the fair value of the property being used by It for tbe convenience of the public. And, In order to ascertain that value, the original cost of construction,...
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Harvard Law Review, Volume 15

Electronic journals - 1902 - 938 pages
...reasonableness of a State rate. Mr. Justice Harlan, speaking for the Court, says : — " We hold . . . that the basis of all calculations as to the reasonableness...used by it for the convenience of the public." And in San Diego Co. v. National City,6 Mr. Justice Harlan, speaking for the Court, says: — " What the company...
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Holyoke Water Power Company: Petitioner V. City of Holyoke, Volume 16

Holyoke Water Power Company, Holyoke, Mass - 1902 - 556 pages
...sum much below the cost to reproduce the company's property was sustained, the Court saying (p. 9) that the basis of all calculations as to the reasonableness of rates is the " fair value of the property," and that this means its present value, " not its value in the...
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Harvard Law Review, Volume 18

Electronic journals - 1904 - 694 pages
...of the property is fixed by the rates and not the reverse. In Smyth v. Ames2 the Supreme Court said that " the basis of all calculations as to the reasonableness...being used by it for the convenience of the public " ; but it is obvious from the context that the word " value " was not here used in its usual sense....
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Proceedings of the ... Annual Convention, Volume 15

National Association of Railway Commissioners (U.S.). Annual Convention - Railroads - 1904 - 110 pages
...business upon the ground that it will be able only in that way to meet losses on its interstate business. "The basis of all calculations as to the reasonableness...maintaining a highway under legislative sanction must be a fair value of the property being used by it for the convenience of the public; and in order to ascertain...
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The Journal of Political Economy, Volume 12

Economics - 1904 - 654 pages
...rule laid down by the case is that the basis of calculations as to reasonable rates of a corporation " must be the fair value of the property being used by it for the convenience of the public." This statement with others in the opinion, appears to limit "fair value" to that of the physical property...
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Hearings [Dec. 9, 13, 1904, Jan. 6, 9-13, 16-21, 23-25, 1905] Before the ...

United States. Congress. House. Committee on Interstate and Foreign Commerce - Interstate commerce - 1905 - 436 pages
...act." (T. & P. lly. Co. v. ICC, 162 US, 197.) And in the Nebraska rate case the Supreme Court said : We hold, however, that the basis of all calculations...reasonableness of rates to be. charged by a corporation must be the fair value of the property being used by it for the convenience of the public, and in order...
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Hearings Before the Committee on Interstate and Foreign Commerce of the ...

United States. Congress. House. Committee on Interstate and Foreign Commerce - Corporation Law - 1905 - 778 pages
...& P. Ry. Co. v. JCC, 1G2 US, 197.) And in the Nebraska rate case the Supreme Court said : We bold, however, that the basis of all calculations as to...reasonableness of rates to be charged by a corporation must be the fair value of the property being used by it for tho convenience of the public, and in order...
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