 | Illinois. Supreme Court - Law reports, digests, etc - 1911 - 726 pages
...the grounds upon which they should be fixed, in Smyth v. Ames, 169 US 466, the court said (p. 546) : "We hold, however, that the basis of all calculations...must be the fair value of the property being used for the convenience of the public, and in order to ascertain that value, the original cost of construction,... | |
 | Illinois. Supreme Court - Law reports, digests, etc - 1920 - 694 pages
...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... | |
 | Law reports, digests, etc - 1903 - 1112 pages
...the former decision : "The basis of all calculation as to the reasonableness of rates to be charged a corporation maintaining a highway under legislative sanction must be the fair value of the property used by It for the convenience of the public. And in order to ascertain that value the original cost... | |
 | Law reports, digests, etc - 1899 - 986 pages
...circumstances, is such compensation for the use of its property as will be just both to it and to the public." We hold, however, that the basis of all calculations...maintaining a highway under legislative sanction must be tf the fair value of the property being used by •f it for the convenience of the public. And, •'in... | |
 | Law reports, digests, etc - 1922 - 1206 pages
...prescribed in Smyth v. Ames, 169 US loc. cit. 546, 18 Sup. Ct 434, 42 L. Ed. 819, in which it was said: "We hold, however, that the basis of all calculations...the property being used by it for the convenience of tlie public. And in order to ascertain that value, the original cost of construction, the amount expended... | |
 | United States. Interstate Commerce Commission - Interstate commerce - 1927 - 992 pages
...which lies at the root of this and other valuation proceedings. In that pioneer case the court held that the " basis of all calculations as to the reasonableness...used by it for the convenience of the public," and that " what the company is entitled to ask is a fair return upon the value of that which it employs... | |
 | United States. Interstate Commerce Commission - Interstate commerce - 1966 - 1116 pages
...determined. In Smyth v. /lmes,53 the Supreme Court of the United States held; 53169 US 466. We hold that the basis of all calculations as to the reasonableness...under legislative sanction must be the fair value of property being used by It for the convenience of the public *** what the company Is entitled to ask... | |
 | United States. Supreme Court - Law reports, digests, etc - 1899 - 868 pages
...US 544. In the same case it was also said that " the Opinion of the Court. basis of all .calculation as to the reasonableness of rates to be charged by...legislative sanction must be the fair value of the property used by it for the convenience of the public. And in order to ascertain that value, the original cost... | |
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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. 
