...National City case, supra, to the effect that just compensation is to be measured by a fair return upon the reasonable value of the property at the time it is being used for the public, Mr. Justice Holmes points out that the original cost in this case was apparently "inflated by improper...

...19, the Supreme Court of the United States declared that in rate cases " there nrust be a fair return upon the reasonable value of the property at the time it is being used for the public." This was the enunciation of the rule which had been laid down by the same court in the previous cases...

...is entitled to receive from its entire schedule of rates, fares and charges, "a fair return upon a reasonable value of the property at the time it is being used for the public," (San Diego Land Company vs. National City, 174 US, 739), but this broad question does not necessarily...

...is entitled to receive from its entire schedule of rates, fares and charges, "a fair return upon a reasonable value of the property at the time it is being used for the public,'' (San Diego Land Company rs. National City. 1/4 US 739), but this broad question does not necessarily...

...elemental principles are the right of the company to derive a fair income, based upon the fair value of the property at the time it is being used for the public, taking into account the cost of maintenance or depreciation and current operating expenses, and the...

...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. The property may have cost more than it ought to have cost, and its outstanding bonds for money borrowed...

...as, under the circumstances, is just both to the owner and the public. There must be a fair return upon the reasonable value of the property at the time it is being used for the public." The court concurred in the opinion of the trial judge that "a rate which would permit a return of six per...

...Extract from Opinion of the Court by Mr. Justice Peckham "In order to determine the rate of return upon the reasonable value of the property at the time it is being used for the public, it of course becomes necessary to ascertain what that value is. * =! '"' "The value of real estate...

...such increase. Here, as in every case, the word "value" is used ; and the fair return is to be based upon "the reasonable value of the property at the time it is being used." This sentence makes clear what is in the mind of the court. In the first place, if the court intended...

...less depreciation.1 The United States Supreme Court holds that these earnings must be a fair return upon the reasonable value of the property at the time it is being used by the public. Regulatory ^ authorities have not agreed as to the method of appraisal to be used, but...