Investigation of Public Utility Corporations: Hearings Before the Committee on Interstate Commerce, United States Senate, Seventieth Congress, First Session, on S. Res. 83, Part 4
U.S. Government Printing Office, 1928 - Electric light companies - 257 pages
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affairs amendment amount appear applicable Association authority average bonds capitalization cent CHAIRMAN character charged cities citizen commission committee common stock concerned Congress consideration Constitution construction consumers corporation cost customers desire determine directed dividends earnings effect Electric Light EMERY energy engaged excess exercise extension fact Federal figures financing fixed follows give holding company House increase individual industry inquiry interstate commerce investigation investment involved issue kilowatt-hours legislate limited matter means nature operating companies opinion organization ownership Pennsylvania plant present production proposed Public Service public utilities question RANSOM rates reason record referred regulation representative require resolution respect securities Senator Hawes Senator Walsh shown shows sold statement Supreme Court tion United WALSH of Montana witness Yes Yes Yes York
Page 240 - 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...
Page 240 - And in order to ascertain that value, the original cost of construction, the amount expended in permanent improvements, the amount 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 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.
Page 240 - ... the original cost of construction, the probable earning capacity of the property under the 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.
Page 165 - Though the proceeding in question is divested of many of the aggravating incidents of actual search and seizure, yet, as before said, it contains their substance and essence, and effects their substantial purpose.
Page 202 - There can be no doubt of the general power of a State to regulate the fares and freights which may be charged and received by railroads or other carriers, and that this regulation can be carried on by means of a Commission. Such a Commission is merely an administrative board created by the State for carrying into effect the will of the State as expressed by its Legislature.
Page 153 - UNITED STATES SENATE, COMMITTEE ON INTERSTATE COMMERCE, Washington, DC The committee met at 10 o'clock am, pursuant to adjournment on yesterday, in room 212, Senate Office Building, Senator James E.
Page 240 - What the company is entitled to ask is a fair return upon the value of that which it employs for the public convenience. On the other hand, what the public is entitled to demand is that no more be exacted from it for the use of a public highway than the services rendered by it are reasonably worth.
Page 181 - Anyone •who respects the spirit as well as the letter of the fourth amendment would be loath to believe that Congress intended to authorize one of its subordinate agencies to sweep all our traditions into the fire (Interstate Commerce Commission v. Brimson, 154 US 447, 479) and to direct fishing expeditions into private papers on the possibility that they may disclose evidence of crime.
Page 180 - One, that the two houses of Congress, in their separate relations, possess not only such powers as are expressly granted to them by the Constitution, but such auxiliary powers as are necessary and appropriate to make the express powers effective ; and, the other, that neither house is invested with "general...