Transportation Rates And Their Regulation a Study of the Transportation Costs O
Transportation Rates And Their Regulation a Study of the Transportation Costs O
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Ames, 169 U. S. , 466, the Supreme Court has laid down as fol- lows the matters to be considered (see particularly p. 455) : "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. And, in order to ascertain that value, the original cost of construction, the amount expended in permanent improvem...ents, the amount and market value of its bonds and stocks, 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 there may not be other matters to be regarded in estimating the value of the property. " That the Supreme Court would be inclined, however, to put chief emphasis on a physical valuation, seems to be indicated by its discussion in the recent Minnesota Rate case, 230 U.
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To quickly assess the difficulty of the text, read a short excerpt:
Ames, 169 U. S. , 466, the Supreme Court has laid down as fol- lows the matters to be considered (see particularly p. 455) : "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. And, in order to ascertain that value, the original cost of construction, the amount expended in permanent improvem...ents, the amount and market value of its bonds and stocks, 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 there may not be other matters to be regarded in estimating the value of the property. " That the Supreme Court would be inclined, however, to put chief emphasis on a physical valuation, seems to be indicated by its discussion in the recent Minnesota Rate case, 230 U.
What to read after Transportation Rates And Their Regulation a Study of the Transportation Costs O?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gunnison Brown to read onlineMoreLess
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