...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...

...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...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...

...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...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...

...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...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...

...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...

...thereto, it was said (pp. 546, 547, L. ed. p. 849, Sup. Ct. Rep. p. 434) : "We hold, however, that be it further ena And in order to ascertain that value, the original cost of construction, the amount expended in permanent...

...compensation for the use of its property as will be just both to it and to the public." We hold, however, that the basis of all calculations as to the reasonableness...maintaining a highway under legislative sanction must be tf the fair value of the property being used by •f it for the convenience of the public. And, •'in...

...the land is impaired or destroyed by legislation. We hold that the basis of all calculations as to reasonableness of rates to be charged by a corporation...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 improvements,...

...169 US loc. cit. 546, 18 Sup. Ct 434, 42 L. Ed. 819, in which it was said: "We hold, however, that the basis of all calculations as to the reasonableness...the property being used by it for the convenience of tlie public. And in order to ascertain that value, the original cost of construction, the amount expended...