Report of the Tennessee Railroad and Public Utilities CommissionAlbert B. Tavel, 1899 |
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Страница 17
... debt was divided . The apportionment of par and actual values of stock were ascertained , respectively , by dividing the amount of stock by the number of miles of line or lines represented by the 2 R R Commission same , and multiplying ...
... debt was divided . The apportionment of par and actual values of stock were ascertained , respectively , by dividing the amount of stock by the number of miles of line or lines represented by the 2 R R Commission same , and multiplying ...
Страница 18
... debt can be easily applied . So also as stock reflects the value of the property it represents as a unit , application of values can be readily made unless complications hereafter indicated arise in the distribution of bond values . But ...
... debt can be easily applied . So also as stock reflects the value of the property it represents as a unit , application of values can be readily made unless complications hereafter indicated arise in the distribution of bond values . But ...
Страница 54
... debt , and dividends on its stock . A like contention was made as to a return of interest and dividends based on the cost of the property . It was held as to said questions , viz .: ( 1 ) That the basis of calculations as to the ...
... debt , and dividends on its stock . A like contention was made as to a return of interest and dividends based on the cost of the property . It was held as to said questions , viz .: ( 1 ) That the basis of calculations as to the ...
Страница 56
... debt covers a line of railway , the rates of which are in question , and also covers other lines , and there is no evidence by which an apportionment can be made of the value of the bonds , under such circum- stances , an arbitrary ...
... debt covers a line of railway , the rates of which are in question , and also covers other lines , and there is no evidence by which an apportionment can be made of the value of the bonds , under such circum- stances , an arbitrary ...
Страница 57
... debt or dividends to stockholders . There are other roads bonded at less than the actual value of same . If the rule insisted on should prevail , the larger the worthless capitalization the larger the rate exacted from the public . If a ...
... debt or dividends to stockholders . There are other roads bonded at less than the actual value of same . If the rule insisted on should prevail , the larger the worthless capitalization the larger the rate exacted from the public . If a ...
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Чести термини и фразе
actual value aggregate amount assessments basis Big Stone Gap Bon Air bonded debt Bristol cents per mile charter Chattanooga circumstances and conditions coal common carrier company's competition complaint controverted rate cost of construction court dissimilarity earnings Elizabethton evidence extortion facts fair return fair value fictitious capitalization filed four cents free transportation freight Greeneville gross haul interest Interstate Commerce Commission Johnson City Knoxville Main Stem McMinnville Branch McMinnville to Sparta mileage Mobile & Ohio Nashville and Memphis Ohio Railroad Company Ooltewah operating expenses opinion pany par value passenger fare persons petition petitioners proceedings profit provides question rail Railroad Commission railroad corporation Railway Company railway properties railway regulation reasonable rate reasonableness of rates respondent road Sandy Hook shipper Southern Railway Southern Railway Company stocks and bonds Telegraph Company Tenn three cents tion Total Tracy City Tullahoma unjust discrimination unlawful violation Western Union
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Страница 119 - That it shall be unlawful for any common carrier subject to the provisions of this Act to charge or receive any greater compensation in the aggregate for the transportation of passengers or of like kind of property, under substantially similar circumstances and conditions, for a shorter than for a longer distance over the same line, in the same direction, the shorter being included within the longer distance...
Страница 76 - It is alleged here that the rates prescribed are unreasonable and unjust to the company and its stockholders. But that involves an inquiry as to what is reasonable and just for the public. . . . The public cannot properly be subjected to unreasonable rates in order simply that stockholders may earn dividends.
Страница 74 - 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 improvements, the amount and market value of its bonds and stock, the present as compared with the original cost of construction, the probable...
Страница 37 - That if any common carrier subject to the provisions of this act shall, directly or indirectly, by any special rate, rebate, drawback, or other device, charge, demand, collect or receive from any person or persons a greater or less compensation...
Страница 78 - It from maintaining rates or charges for transportation adequate to all those ends will deprive It of Its property without due process of law, and deny to It the equal protection of the laws. This contention was the subject of elaborate discussion ; and, as It bears upon each case In Its Important aspects, It should not be passed without examination.
Страница 38 - ... a like and contemporaneous service In the transportation of a like kind of traffic under substantially similar circumstances and conditions, such common carrier shall be deemed guilty of unjust discrimination, which Is hereby prohibited and declared to be unlawful.
Страница 77 - ... controlling a public highway are, as an entirety, so unjust as to destroy the value of Its property for all the purposes for which It was acquired, Its duty is to take Into consideration the Interests both of the public and of the owner of the property, together with all other circumstances that are fairly to be considered In determining whether the legislature has, under the guise of regulating rates, exceeded its constitutional authority, and practically deprived the owner of property without...
Страница 38 - ... special rate, rebate, drawback, or other device, charge, demand, collect, or receive from any person or persons a greater or less compensation for any service rendered, or to be rendered, in the transportation of...
Страница 51 - The State cannot justify unreasonably low rates for domestic transportation, considered alone, upon the ground that the carrier is earning large profits on its interstate business, over which, so far as rates are concerned, the State has no control.
Страница 77 - Each case must depend upon its special facts; and when a court, without assuming itself to prescribe rates, Is required to determine whether the rates prescribed by the legislature for a corporation controlling a public highway are, as an entirety, so unjust as to destroy the value of Its property for all the purposes for which it was acquired, its duty is to take into consideration the Interests both of the...