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1919 MEMORANDUM additional allowance amount annual appears Appl Applicant applicant's AUTHORITY TO INCREASE average basis bill calls cars cents charges Chicago Commission connection consideration considered consumers cost cover crossings December DECISION Applicant demand depreciation determined discount earnings effect Electric ended equipment estimate excess exchange existing fact fair fare feet fixed furnished further highway INCREASE RATES installation interest investment January July June less Light lines load maintenance materials MEMORANDUM OF DECISION Milwaukee month necessary one-party operating expenses paid period plant present proposed question Racine Railroad railway RATES Decided reasonable reported representing reserve residence result revenues rules rural schedule seeks shows street structures subscribers switching Telephone Company tickets tion toll traffic two-party unit utility valuation village wages Wisconsin
Page 328 - 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 327 - 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 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...
Page 324 - ... and we concur with the court below in holding that the value of the property is to be determined as of the time when the inquiry is made regarding the rates. If the property which legally enters into the consideration of the question of rates has increased in value since it was acquired, the company is entitled to the benefit of such increase.
Page 324 - The property is held in private ownership and it is that property, and not the original cost of it. of which the owner may not be deprived without due process of law.
Page 238 - It shall be unlawful for any railroad to demand, charge, collect or receive from any person, firm or corporation a less compensation for the transportation of property or for any service rendered or to be rendered by said railroad, in consideration of said person, firm or corporation furnishing any part of the facilities incident thereto...
Page 324 - It is clear that in ascertaining the present value we are not limited to the consideration of the amount of the actual investment.
Page 35 - Commission may decide that it is in the public interest as well as in the interest of the private claimants that a lease be adopted.
Page 327 - 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 325 - We do not say there may not possibly be an exception to it, where the property may have increased so enormously in value as to render a rate permitting a reasonable return upon such increased value unjust to the public.