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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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Independent Offices Appropriations

United States. Congress. House. Committee on Appropriations - Executive departments - 1928 - 862 pages
...Supreme Court in the Smyth v. Ames case (169 US 466), in which the United States Supreme Court said: We hold, however, that the basis of all calculations as to the reasonableness of rate-i to be charged by ii corporation maintaining a highway under legislative sanction must be the...
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Annual Report of the Public Utilities Commission of the District ..., Volume 2

Public Utilities Commission of the District of Columbia - Public utilities - 1915 - 176 pages
...announcing a rule for guidance on the question of \ aluation, Mr. Justice Harlan uses the following words: "The basis of all calculations as to the reasonableness...charged by a corporation maintaining a highway under legislati e sanction must be the fair value of the property being used by it for the con enience of...
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Proceedings of the ... Annual Conference, Volume 20

National Tax Association - Finance, Public - 1928 - 524 pages
...dictum in Smyth v. Ames, to the effect that a public utility is entitled to earn a reasonable return on the " fair value of the property being used by it for the convenience of the public," 3 and this statement has been made with the implication that the phrase '' fair value " has such a...
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Selected Medicare Issues: Hearing Before the Subcommittee on Health of the ...

United States. Congress. House. Committee on Ways and Means. Subcommittee on Health - Government publications - 1975 - 830 pages
...factors which should be considered when determining a reasonable rate: these factors all revolve around the "fair value of the property being used by it for the convenience of the public." 90 statutory duties is to determine just and reasonable rates which will be sufficient to permit the...
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Medicare-medicaid administrative and reimbursement reform: hearings before ...

United States. Congress. Senate. Committee on Finance. Subcommittee on Health - 1976 - 648 pages
...vi hieb should be considered when determining a reasonable rate ; these factors all revolve around the "fair value of the property being used by it for the convenience of the public." The inclusion of federal income taxes as a recognized element of the cost of service, aside from being...
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Construction Work in Progress Policy Act: Hearings Before the Subcommittee ...

United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Regulation - Public utilities - 1984 - 1614 pages
...decision were the criteria established by the Court for determining reasonable returns. The Court held that: The basis of all calculations as to the 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...
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The Economics of Regulation: Principles and Institutions, Volume 1

Alfred E. Kahn - Business & Economics - 1988 - 620 pages
...set by state commissions, but it proceeded to specify its criteria of reasonableness: "We hold . . . that the basis of all calculations as to the reasonableness...corporation maintaining a highway under legislative sanction [the case in question involved a railroad] must be the fair value of the property being used by it...
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The Federal Reporter

Law reports, digests, etc - 1925 - 1106 pages
...and the evidence relied on should be clear and convincing. In Smyth v. Ames, the Supreme Court said: "We hold, however, that the basis of all calculations...of rates to be charged by a corporation maintaining & highway under legislative sanction must be the fair value of the property being used by it for the...
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Decisions, Volume 2

United States. Federal Maritime Commission - 1951 - 1260 pages
...property without due process of law by establishing the "fair value" rule, in Smyth v. Ames, supra 546-7, as follows: We hold, however, that the basis of all...legislative sanction must be the fair value of the property beinK used by it for the convenience of the public. And, in order to ascertain that value, the original...
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Political Economy of Fairness

Edward E. Zajac - Business & Economics - 1995 - 348 pages
...railroads. Justice Harlan's opinion affirmed the applicability of the Fourteenth Amendment and concluded that "the basis of all calculations as to the reasonableness...being used by it for the convenience of the public What the company is entitled to ask is a fair return upon the value of that which it employs for the...
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