...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...

...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...

...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;...

...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...

...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...

...& 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...

...inquiry, 11 always be an embarrassing question. * * * We hold, however, that the sis of all calculation as to the reasonableness of rates to be charged by a corporation lintaining a highway under legislative sanction must be the fair value of the propty Ijeinjj used by...

...fundimental guaranties for the protection of property. • Smi/t/i v. AHICK, 109 IT. S.. 544. We hold * '- * that the basis of all calculations as to the reasonableness...be charged by a corporation maintaining a highway uiidei legislative sanction must be the fair value of the property beingused by it for the convenience...

...Ames fixes the data upon which reasonable rates should be ascertained. The court in this case said : We hold, however, that the basis of all calculations as to the reasonableness of ratea to bo charged by a corporation maintaining a highway under legislative sanction must be the fair...

...standards of reasonableness is to be found in Smyth v. Ames, in which it is held : 169 U. s., -к». That the basis of all calculations as to the reasonableness of rates to IK; charged by a corporation maintaining a highway under legislative sanction must l>e the fair value...