...Even in the narrower question of determining the value of the property, it has long been settled that the original cost of construction, the amount expended...permanent improvements, the amount and market value of bonds and stocks, the present as compared with the original cost of construction, the probable earning...

...they should be fixed, in Smyth v. Ames, 169 US 466, the court said (p. 546) : "We hold, however, that the basis of all calculations as to the reasonableness...must be the fair value of the property being used for the convenience of the public, and in order to ascertain that value, the original cost of construction,...

...rate-making purposes is the cost of reproduction new, less depreciation. This contention cannot be sustained. The basis of all calculations as to the reasonableness...rates to be charged by a corporation maintaining a public utility under legislative sanction must be the fair value of the property being used by it for...

...valuation or fictitious capitalization." What evidence is relevant to such an inquiry? The court says: "The original cost of construction, the amount expended...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...

...HARL.VN, in giving the decision of the Court, said: "In order to ascertain the reasonableness of rates, the original cost of construction, the amount expended in permanent improvements, the amount of market value of its bonds and stocks, the present as compared with the original cost of construction,...

...as will be just both to it and to the public." We hold, however, that the basis of all caiculations as to the reasonableness of rates to be charged by...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...

...Ct. 418, 434, 169 US 466, 546, 547 (42 L. Ed. 819) the Supreme Court said: "We hold, however, that the basis of all calculations as to the reasonableness...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...

...Supreme Court, 'in Smyth v. Ames, 1G9 US 466, 467, 18 Sup. CL 418, 12 L. Ed. 819: "We bold, however, that the basis of all calculations as to the reasonableness...construction, the amount expended. In permanent Improvements, thu amount and market value of its bonds and stock, the present as compared with the original cost...

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...the former decision : "The basis of all calculation as to the reasonableness of rates to be charged a corporation maintaining a highway under legislative sanction must be the fair value of the property used by It for the convenience of the public. And in order to ascertain that value the original cost...