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" What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public. "
Reports of Cases Argued and Determined in the Ohio Circuit Courts...: Ohio ... - Page 103
by William John Tossell - 1915
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United States Congressional Serial Set

United States. Interstate Commerce Commission - Railroads - 1911 - 1140 pages
...being largely due to the increased value in commodities handled. ARGUMENT. A carrier is entitled to a fair return upon the reasonable value of the property at the time it is used for the public, and in fixing this value account should be taken of both the physical and intangible...
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Annual Report, Volume 1

Oklahoma Corporation Commission - Corporations - 1912 - 888 pages
...noted "Sanborn" decision. Quoting from Wilcox vs. Consolidated Gas Company, 212 US 19, as follows: "There must be a fair return upon the reasonable value...property at the time it is being used for the public. * * * If the property which legally enters in the consideration of the question of rates has increased...
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Report

Railroad and Warehouse Commission of the State of Minnesota - Railroads - 1912 - 844 pages
...and void. "What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public." Smyth v. Ames, 169 TT. S. 466, 547, 18 Sup. Ct. 418, 42 L. Ed. 819;' San Diego T.and Co. v. National...
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The Quarterly Journal of Economics, Volume 26

Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1912 - 816 pages
...Constitution what the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public." That standard is adopted as against a standard based on actual cost, less depreciation. Actual cost,...
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Valuation of Public Service Corporations: Legal and Economic ..., Volume 2

Robert Harvey Whitten - Public utilities - 1912 - 850 pages
...corporation in rendering the service to the public. . . . The rate is fair when its application will yield a fair return upon the reasonable value of the property at the time it is being used for the public. It is unfair, when it does not yield such return. . . . No inflexible method for the ascertainment...
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The Pacific Reporter, Volume 118

Law reports, digests, etc - 1912 - 1150 pages
...circumstances, is just to the owner and to the public. The rate is fair when Its application will yield a fair return upon the reasonable value of the property at the time It is being used for the public. It Is unfair, when It does not yield such return. Knoxvllle v. Knoxville Water Co., 212 US 1, 29 Sup....
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The Quarterly Journal of Economics, Volume 26

Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1912 - 956 pages
...the company is entitled to demand," says the court, " in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public." This adopts present value 1 San Diego Land Co. v. National City, 174 US 739. [1899.] as the standard,...
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Reports of Decisions of the Public Service Commission, First ..., Volumes 3-4

New York (State). Public Service Commission (First District). - Public utilities - 1913 - 906 pages
...Harlan, J., said: "What the company is entitled to demand in order that it may have just compensation is a fair return upon the reasonable value of the property at the time it is being used for the public." In Knoxville v. The Knoxville Water Co., 212 US, 1, Moody, J., said: "The first fact essential to the...
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The Law of Interstate Commerce and Its Federal Regulation

Frederick Newton Judson - Interstate commerce - 1912 - 842 pages
...consideration. 'What the company is entitled to demand in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public. The property may have cost more than it ought to have cost, and its outstanding bonds for money borrowed...
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The Quarterly Journal of Economics, Volume 26

Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe - Economics - 1912 - 818 pages
...Constitution what the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public." That standard is adopted as against a standard based on actual cost, less depreciation. Actual cost,...
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