 | 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... | |
 | 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.... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
 | 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... | |
| |
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. 
