Special Report of the Railroad and Warehouse Commission ... in the Matter of Revision of the Schedule of Reasonable Maximum Rates ..., 1902 to 1906 Inclusive |
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Common terms and phrases
bags bdls Bloomington boxed or crated boxes or bbls bundles C. F. A. scale car load casks Central Freight Association cents for fifth cents on fourth cents on second cents on third Cincinnati classification Classification-Continued commodity rates crated or boxed Decatur dividends earnings per mile East St Exhibit expense bills fifth class fourth class Freight Association scale freight rates glass higher than Illinois Illinois Central Illinois Central Railroad Illinois distance tariff Indianapolis interest Iowa iron or steel K. D. flat kegs loaded in box Local-Chicago Lombardville Louis manufacturers Mattoon Michigan mile to value Milwaukee & St nested Ohio operating expenses packages Peoria petition petitioners property per mile Quincy Freight Bureau Railroad and Warehouse railroad companies Railway rate charged rates from Chicago reduction second class shipments shippers showing Springfield Streator Terre Haute third class traffic transportation wagon Warehouse Commission wheels wire wood wooden
Popular passages
Page 223 - And in order to ascertain that value, the original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stocks, the present as compared with the original cost of construction, the probable earning capacity of the property under particular rates prescribed by statute and the sum required to meet operating expenses are all matters for consideration, and are to be given such weight as may be just and right in each case.
Page 223 - What the company is entitled to ask is a fair return upon the value of that which it employs for the public convenience. On the other hand, what the public is entitled to demand is that no more be exacted from it for the use of a public highway than the services rendered by it are reasonably worth.
Page 181 - 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.
Page 208 - No railroad corporation shall issue any stock or bonds, except for money, labor or property actually received and applied to the purposes for which such corporation was created; and all stock dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation, shall be void. The capital stock of no railroad corporation shall be increased for any purpose, except upon giving sixty days' public notice, in such manner as may be provided by law.
Page 178 - Under pretense of regulating fares and freights, the State cannot require a railroad corporation to carry persons or property without reward; neither can it do that which in law amounts to a taking of private property for public use without just compensation, or without due process of law.5 1 CM & St.
Page 220 - Property does become clothed with a public interest when used in a manner to make it of public consequence and affect the community at large. When, therefore, one devotes his property to a use in which the public has an interest, he, in effect, grants to the public an interest in that use, and must submit to be controlled by the public for the common good, to the extent of the interest he has thus created. He may withdraw his grant by discontinuing the use; but, so long as he maintains the use, he...
Page 178 - If the company is deprived of the power of charging reasonable rates for the use of its property, and such deprivation takes place in the absence of an investigation by judicial machinery, it is deprived of the lawful use of its property, and thus, in substance and effect, of the property itself, without due process of law and in violation of the Constitution of the United States...
Page 223 - original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stock, the present as compared with the original cost of construction, the probable earning capacity of the property under particular rates prescribed by statute, and the sum required to meet operating expenses, are all matters for consideration, and are to be given such weight as may be just and right in each case. We do not say that there may not be other matters to be regarded...
Page 223 - ... into consideration the interests both of the public and of the owner of the property, together with all other circumstances that are fairly to be considered in determining whether the legislature has, under the guise of regulating rates, exceeded its constitutional authority, and practically deprived the owner of property without due process of law.
Page 223 - Each case must depend upon its special facts ; and when a court, without assuming itself to prescribe rates, is required to determine whether the rates prescribed by the legislature for a corporation controlling a public highway are, as an entirety, so unjust as to destroy the value of its property for all the purposes for which it was acquired, its duty is to take into consideration the interests both of the public and of the owner of the property, together with all other circumstances that are...