...method to have a large sum considered as representing the "going concern value," and that court said: "The fact that a utility may reach financial success...invested in the enterprise; but it does not make past loste» an element to be considered in deciding whit the bate value it and whether the rate is confisca...

...whole in rate groups, will, i This view rests on two excerpts from the decision, namely, "The Tact that a utility may reach financial success only In...liberal return on the money invested In the enterprise, " and " " * * Past losses should be considered In determining whether a rate charged by a utility la...

...provided only that the traffic will, in course of time, bear a rate high enough to produce that amount. "The fact that a utility may reach financial success...the enterprise ; but it does not make past losses ;m element to be considered in deciding what the base value is and whether the rate is confiscatory....

...in its effect, particularly in light of the fact that the return allowed in 1920 was not realized. The fact that a utility may reach financial success...liberal return on the money invested in the enterprise. (Galveston Electric Co. v. City of Galveston, 42 Sup. Ct. Rep. 351, decided April 10, 1922.) The interstate...

...in its effect, particularly in light of the fact that the return allowed in 1920 was not realized. The fact that a utility may reach financial success...liberal return on the money invested in the enterprise. Id. (682). That Congress by direct legislation fixed the fair return for the period of two years beginning...

...provided only that the traffic will, in course of time, bear a rate high enough to produce that amount. time or not at all, is a reason for allowing a liberal return on tie money invested in the enterprise ; but it does not make past losses un element to be considered...

...provided only that the traffic will in course of time bear a rate high enough to produce that amount. " The fact that a utility may reach financial success...deciding what the base value is and whether the rate is eonfiscatory. A company which has failed to secure from year to year sufficient earnings to keep the...

...in its effect, particularly in light of the fact that the return allowed in 1920 was not realized. The fact that a utility may reach financial success...liberal return on the money invested in the enterprise. Galveston Electric Co. tT. City of Galveston, 42 Sup. Ct. Rep. 351, decided April 10, 1922." 1 In the...

...in its effect, particularly in light of the fact that the return allowed in 1920 was not realized. The fact that a utility may reach financial success only in time or not nt all is a reason for allowing a liberal return on the money invested in the enterprise. Galveston...

...present reproduction value, otherwise become compensatory." Mr. Justice Brandeis in this case said: "The fact that a utility may reach financial success...the enterprise; but it does not make past losses an clement to be considered in deciding what the base value is and whether the rate is confiscatory. A...