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accidents additional advance American amount average better bonds capital carried cars cause cent charge Commission commodities companies compared compensation consideration construction cost demands dividends earnings effect efficiency employes ending equal equipment existing expenses fact fair figures freight give given gross Group important improvements income increase industrial Interstate Commerce investment June labor less locomotives matter means methods Michigan mile mile of line mileage million Minnesota necessary Northern opened operating Pacific paid passenger persons placed practically present profit question rail railroad railways rates reasonable receipts received record reduced regard regulation river roads securities shows signal statement statistics SUMMARY terminal things tion tons track traffic train transportation United valuation
Strana 43 - 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.
Strana 44 - And in order to ascertain that value, the original cost of construetion, the amount expended in permanent improvements, 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...
Strana 321 - If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: «Hold on!
Strana 44 - 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.
Strana 78 - If, as has always been understood, the sovereignty of congress, though limited to specified objects, is plenary as to those objects, the power over commerce with foreign nations, and among the several states, is vested in congress as absolutely as it would be in a single government, having in its constitution the same restrictions on the exercise of the power as are found in the constitution of the United States.
Strana 44 - 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.
Strana 265 - If the company is deprived of the power of charging reasonable rates for the use of its property, and such deprivation takes place in the absence of an investigation by judicial machinery, it is deprived of the lawful use of its property, and thus, in substance and effect, of the property itself, without due process of law and in violation of the Constitution of the United States...
Strana 247 - Commission it is practicable to prescribe such uniformity and methods of keeping accounts) a period of time within which all common carriers subject to the provisions of this Act shall have, as near as may be, a uniform system of accounts, and the manner in which such accounts 'shall be kept.