 | 1927 - 594 pages
...that it was "impossible to ascertain what will amount to a fair return upon properties . . . without giving consideration to the cost of labor, supplies, etc., at the time the investigation is made." The Court also took into consideration "probable future value." In another case — that of the Georgia... | |
 | 1926 - 1144 pages
...impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies,...honest and intelligent forecast of probable future value made upon a view of all the relevant circumstances is essential. If the highly important element... | |
 | United States. Interstate Commerce Commission - 1927 - 912 pages
...predicated upon the values found are to continue in effect. "An honest and intelligent forecast for probable future values made upon a view of all the relevant circumstances is essential." 8. W. Bett Teleph. Co. v. Pul. Sen. Comm., 262 US 267, 288. The use of a purely mechanical method like... | |
 | American Electric Railway Association - 1923 - 482 pages
...impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies,...intelligent forecast of probable future values, made upon review of all the relevant circumstances, is essential. If the highly important element of present... | |
 | National Tax Association - 1922 - 622 pages
...impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies,...essential. If the highly important element of present co^ts i» wholly disregarded, such a forecast becomes impossible. Estimates for to-morrow canno: ignore... | |
 | American Electric Railway Association - 1923 - 490 pages
...investigation is made. An honest and intelligent forecast of probable future values, made upon review of all the relevant circumstances, is essential. If...Estimates for tomorrow cannot ignore prices of today." From the viewpoint of the Supreme Court, therefore, there was evidently no finding of " present value,"... | |
 | Nebraska. State Railway Commission - 1923 - 524 pages
...the development of this company. As the learned justice remarks in the Missouri case Just referred to "An honest and intelligent forecast of probable future...of all the relevant circumstances, is essential." This would indicate that the court had in mind a reasonably permanent level, eliminating as far as... | |
 | 1924 - 1142 pages
...impossible to ascertain what will amount to a fair return upon properties devoted to public service, without giving consideration to the cost of labor, supplies,...Estimates for tomorrow cannot ignore prices of today. Justice Brandeis in his notable and statesmanlike dissenting opinion (Justice Holmes concurring) reviewed... | |
 | 1924 - 1284 pages
...impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies,...Estimates for tomorrow cannot ignore prices of today." 7 A great many public utility lawyers construed the foregoing statement to mean that the " present... | |
 | American Telephone and Telegraph Company. Bureau of Commission Research. Legal Dept - 1924 - 1424 pages
...impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies,...forecast becomes impossible. Estimates for tomorrow can not ignore prices of today.' (The italics are ours.) " We do not find this opinion of much aid.... | |
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It is impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies, etc., at the time the investigation is made. An honest and intelligent forecast of probable... 
