Duties and Powers of the Interstate Commerce Commission: Hearings Before the Committee on Interstate Commerce United States Senate, December 16, 1904, and Subsequently, the Committee Having Under Consideration the Bill (S.2439--Quarles Bill) ... Also the Bill (H.R. 13588--Esch-Townsend Bill) ...
U.S. Government Printing Office, 1905 - Interstate commerce - 309 pages
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Page 217 - 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.
Page 22 - Acts amendatory thereto whereby any such property shall by any device whatever be transported at a less rate than that named in the tariffs published and filed by such carrier, as is required by said Act to regulate commerce and the Acts amendatory thereto, or whereby any other advantage is given or discrimination is practiced.
Page 231 - That any person, firm, corporation, or association, or any mercantile, agricultural, or manufacturing society, or any body politic or municipal organization complaining of anything done or omitted to be done by any common carrier subject to the provisions of this act in contravention of the provisions thereof, may apply to said Commission by petition, which shall briefly state the facts ; whereupon a statement of the charges...
Page 157 - Still one thing more, fellow-citizens, a wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned.
Page 161 - ... it shall be unlawful for any person, persons, or corporation, to offer, grant, or give, or to solicit, accept, or receive any rebate, concession, or discrimination...
Page 167 - To regulate commerce with foreign nations, among the several States, and with the Indian tribes.
Page 216 - The question of the reasonableness of a rate of charge for transportation by a railroad company, involving as it does the element of reasonableness both as regards the company and as regards the public, is eminently a question for judicial investigation, requiring due process of law for its determination.
Page 214 - State or national, are divided into the three grand departments, the executive, the legislative, and the judicial. That the functions appropriate to each of these branches of government shall be vested in a separate body of public servants, and that the perfection of the system requires that the lines which separate and divide these departments shall be broadly and clearly defined.
Page 217 - It cannot be assumed that any railroad corporation accepting franchises, rights, and privileges, at the hands of the public, ever supposed that it acquired or that it was intended to grant to it, the power to construct and maintain a public highway simply for its benefit, without regard to the rights of the public.
Page 217 - 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.