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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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Stone & Webster Public Service Journal, Volume 15

Electrical engineering - 1914 - 658 pages
...Ames, one of the leading cases in rate making. This decision was rendered in 1898. Justice Harlan said, "The basis of all calculations, as to the reasonableness...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 Act to Regulate Commerce: Construed by the Supreme Court

Hubert Bruce Fuller - Interstate commerce - 1915 - 616 pages
...constituted a landmark in the history of railroad rate regulation, from which the following is quoted: "We hold, however, that the basis of all calculations...corporation maintaining a highway under legislative sanct1on must be the fair value of the property being used by it for the convenience of the public....
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Railway Regulation: An Analysis of the Underlying Problems in Railway ...

Isaiah Leo Sharfman - Railroads - 1915 - 268 pages
...VALUATION The important proposition laid down in Smyth v. Ames was that the basis of reasonable rates must be "the fair value of the property being used by it for the convenience of the public," or that "what the company is entitled to ask is a fair return upon the value of that which it employs...
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Public Utilities Reports, Volume 3

Henry Clifford Spurr, Ellsworth Nichols - Law reports, digests, etc - 1921 - 1016 pages
...Ames, 169 US 466, 42 L. ed. 819, 18 Sup. Ct. Rep. 418, the Supreme Court of the United States said, "We hold, however, that the basis of all calculations as to the reasonableness of rates, . . . must be the fair value of the property being used for the convenience of the public." In Willcox...
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Railroads; Finance & Organization

William Zebina Ripley - Railroads - 1915 - 670 pages
...and what are the necessary elements in such inquiry, will always be an embarrassing question. . . . We hold, however, that the basis of all calculations as to the reasonableness of rates . . . must be the fair value of the property being used by it for the convenience of the public. And...
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The Development of Scientific Rates for Electricity Supply: Being Reprints ...

Electric utilities - 1915 - 244 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 as to the reasonableness of rales to be charged by a corporation maintaining a highway under legislative sanction must be the fair...
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Railroads: Finance and Organization

William Zebina Ripley - Railroads - 1915 - 710 pages
...and what arc the necessary elements in such inquiry, will always be an embarrassing question. . . . We hold, however, that the basis of all calculations as to the rennonnblene«x of rates . . . must be the fair valut of the property bein<j used by it for the convenience...
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Transportation and National Policy: May, 1942, Part 1, Volume 1

United States. National Resources Planning Board. Advisory Committee for the Transportation Study - Transportation - 1942 - 544 pages
...equipment.24 Several years later the United States Supreme Court in the famous case of Smyth v. Ames held "that the basis of all calculations as to the reasonableness...used by it for the convenience of the public".-"' Texas, Michigan, and Wisconsin began valuations of railroad property around the turn of the century....
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Transportation and National Policy: May, 1942, Part 1, Volume 1

United States. National Resources Planning Board. Advisory Committee for the Transportation Study - Transportation - 1942 - 540 pages
...equipment.24 Several years later the United States Supreme Court in the famous case of Smyth v. Ames held "that the basis of all calculations as to the reasonableness...property being used by it for the convenience of the public".25 Texas, Michigan, and Wisconsin began valuations of railroad property around the turn of...
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Proceedings of the State Bar Association of Wisconsin, Volume 8

State Bar Association of Wisconsin - Bar associations - 1909 - 280 pages
...authority _ It defines the basis for calculating reasonable rates of a public service corporation as "the fair value of the property being used by it for the convenience of the public," but its method of determination of this fair value is limited to a summarizing of the elements without...
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