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" ... is not entitled as of constitutional right to more than a fair net operating income upon the value of its properties which are being devoted to transportation. By investment in a business dedicated to the public service the owner must recognize that,... "
Railroad Consolidation: Hearings Before the Committee on Interstate and ... - Page 188
by United States. Congress. House. Committee on Interstate and Foreign Commerce - 1926 - 514 pages
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Interstate Commerce Commission Reports: Reports and Decisions of ..., Volume 124

United States. Interstate Commerce Commission - 1927 - 1002 pages
...recently, in Dayton-Goose Creek Ry. v. US, supra, at page 481, this idea was expressed as follows : By investment in a business dedicated to the public...as compared with investment in private business, he cannot expect either high or speculative dividends but that his obligation limits him to only fair...
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Cases Decided in the Supreme Court of Appeals of Virginia, Volume 147

Virginia. Supreme Court of Appeals - 1927 - 1300 pages
...Federal transportation act (41 Stat. 456) as to railroad earnings, Mr. Chief Justice Taft recently said: "By investment in a business dedicated to the public...as compared with investment in private business, he cannot expect either high or speculative dividends, but that his obligation limits him to only fair...
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Second Deficiency Appropriation Bill, 1924: Hearing Before Subcommittee of ...

United States. Congress. House. Committee on Appropriations - 1924 - 730 pages
...fair net operating income upon the value of its properties which are being devoted to transportation. By investment in a business dedicated to the public...section and was doing all the business, this would would be clear. If it receives a fair return on its property, why should it make any difference that...
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Second Deficiency Appropriation Bill: 1924, Hearing ... 68th Congress, 1st ...

United States. Congress. House. Appropriations - 1924 - 882 pages
...properties which are being devoted to transportation. By investment in a business dedicated to the puMic service the owner must recognize that, as compared...section and was doing all the business, this would would be clear. If it receives a fair return on its property, why should if make any difference that...
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Second Deficiency Appropriation Bill, 1924: Hearing Before Subcommittee of ...

United States. Congress. House. Committee on Appropriations - 1924 - 692 pages
...transportation. By investment in a business dedicated to the putolie service the owner must recognizethat, as compared with investment in private business, he...section and was doing all the business, this would would be' clear. If it receives a fair return on its property, why should it make any difference that...
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Legislative Document, Volume 18

New York (State). Legislature - 1924 - 962 pages
...net operating income upon the value of its properties v.-hich are being devoted to transportation. By investment in a business dedicated to the public...as compared with investment in private business, he cannot expect either high or speculative dividends but that his obligation limits him to only fair...
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Proposed Amendment to the Transportation Act, 1920. Hearings ... on Section ...

United States. Congress. House. Committee on Interstate and Foreign Commerce - 1924 - 242 pages
...fair net operating Income upon the value of its properties which are being devoted to transportation. By investment in a business dedicated to the public...as compared with investment In private business, he ciin uot expect either high or speculative dividends hot that his obligation limits him to only fair...
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Report of the Special Joint Committee on Taxation and Retrenchment

New York (State). Special Joint Committee on Taxation and Retrenchment - 1924 - 1034 pages
...fair net operating income upon the value of its properties which are being devoted to transportation. By investment in a business dedicated to the public...as compared with investment in private business, he cannot expect either high or speculative dividends but that his obligation limits him to only fair...
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Cases Argued and Decided in the Supreme Court of the United ..., Volumes 263-265

United States. Supreme Court - 1925 - 1420 pages
...fair net operating income upon the value of its properties which are being devoted to transportation. By investment in a business dedicated to the public...as compared with investment in private business, he cannot expect either high or speculative dividends, but that his obligation limits him to only fair...
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Railroads: Cases and Selections

Eliot Jones, Homer Bews Vanderblue - 1925 - 908 pages
...fair net operating income upon the value of its properties which are being devoted to transportation. By investment in a business dedicated to the public...as compared with investment in private business, he cannot expect either high or speculative dividends but that his obligation limits him to only fair...
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