 | Current events - 1898 - 534 pages
...the rates exacted by the company in order to pay dividends, would "impose upon the public" a burden "for the purpose of realizing profits upon such excessive valuation or fictitious capitalization." What evidence is relevant to such an inquiry? The court says: "The original cost of construction, the... | |
 | Law reports, digests, etc - 1899 - 986 pages
...rates prescribed for local business. 7. If a railroad company has bonded its property for an aniount that exceeds its fair value, or if its capitalization...fictitious, it may not impose upon the public the burden of increased rates, necessary to realize profits on this fictitious capitalization; but the basis of all... | |
 | United States. Interstate Commerce Commission - Interstate commerce - 1905 - 814 pages
...to show mismanagement or unreasonable charges in salaries or other expenditures, or that this road has bonded its property for an amount that exceeds its fair value, or that its capitalization is largely fictitious. CONCLUSIONS. While "The presumption is that the rates... | |
 | Charles Fisk Beach - Antitrust law - 1898 - 842 pages
...just in the fixing of rates of transportation. In that case it was held that if a railroad company has bonded its property for an amount that exceeds...fictitious, it may not impose upon the public the burden of increased rates necessary to realize profits on this fictitious capitalization, but the basis of all... | |
 | Charles Fisk Beach - Antitrust law - 1898 - 840 pages
...just in the fixing of rates of transportation. In that case it was held that if a railroad company has bonded its property for an amount that exceeds its fair value, or if its capitaI ization is largelv fictitious, it may not impose upon the public the burden of increased rates... | |
 | Edward Webster Bemis - Monopolies - 1899 - 722 pages
...obligations, and declare a dividend to stockholders. "If a milrond corporation has bonded its property far an amount that exceeds its fair value, or if its capitalization...impose upon the public the burden of such increased rales as may be reiiuired for the purpose of realizing pro/Its upon such excessive valuation or fictitious... | |
 | Detroit (Mich.). City Council - 1899 - 1216 pages
...Its capitalization Is largely fictitious and excessive, it certainly cannot Impose upon a suffering public the burden of such Increased rates as may be...required for the purpose of realizing profits upon a bonded debt that has no backing and a capitalization that does not exist In J.ic.. Therefore the... | |
 | Frank Parsons - Municipal government - 1901 - 716 pages
...The US Supreme Court says in the Nebraska case: "If a railroad corporation has bonded its jirnprrty for an amount that exceeds its fair value, or if its...is largely fictitious, it may not impose upon the puUic the burden of such increased rates as may oe required for the purpose of realizing profits upon... | |
 | Henry Brannon - Constitutional amendments - 1901 - 582 pages
...property for an amount exceeding its value, or if its capitalization is largely fictitious, it can not impose upon the public the burden of such increased rates as may be required to realize profits on such excessive valuation or fictitious capitalization ; and the apparent value... | |
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If a railroad corporation has bonded its property for an amount that exceeds Its fair value or if its capitalization is largely fictitious, it may not impose upon the public the burden of such increased rates as may be required for the purpose of realizing... 
