...basis of calculation is the ' fair value of the property' used for the convenience of the public. . . . The ascertainment of that value is not controlled...basis in a proper consideration of all relevant facts. ... [p. 454.] It is clear that in ascertaining the present value we are not limited to the consideration...

...property used for the convenience of the public, the Board is not controlled by an artificial formula, "but there must be a reasonable judgment, having its...in a proper consideration of all relevant facts." Minnesota Rate Cases, 230 US 352, 434 (1913). The Board exercised a "reasonable judgment" in excluding...

...of reproduction new, nor that less depreciation, is the measure or sole guide. The ascertainment of value is not controlled by artificial rules. It is...basis in a proper consideration of all relevant facts. Minnesota Rate cases, 230 US 352, 434. [Emphasis supplied.] While it is true in many instances that...

...of reproduction new, nor that less depreciation, is the measure or sole guide. The ascertainment of value is not controlled by artificial rules. It is...basis in a proper consideration of all relevant facts. Minnesota Rate cases, 230 US 352, 434. [Emphasis supplied.] While it is true in many instances that...

...value of the property' used for the convenience of the public. Smyth v. Ames, 169 US 466. • * • (2) The ascertainment of that value Is not controlled...having its basis in a proper consideration of all relative facts." (P. 434.) (See also Federal Power Commission v. East Ohio Oat Co., «toI.,338U. S.464.)...

...employed. In the Minnesota Rate Cases2 the Supreme Court says: "The ascertainment of that value (fair value) is not controlled by artificial rules. It is...in a proper consideration of all relevant facts." 1Of the Mew York City bar. Recently Chief Counsel to the Public Service Commission of the State of...

...time been unwilling to admit that it was doing so. It has continued to say that "the ascertainment of value is not controlled by artificial rules. It is not a matter of formulas, but there must be a rea" 169 US 466. 11 See Brandeis, J., in Missouri ex rel. Southwestern Bell Telephone Co. v. Public...

...Shepard, 230 US 352, where Justice Hughes said — this was the same as the Minnesota rate case — the ascertainment of that value is not controlled by artificial rules, it is not a matter of formula, but there must be a reasonable judgment, having its basis in a proper consideration of all...

...basis for determinipg the reasonableness of prescribed ratee, is controlled by no artificial rules, and is not a matter of formulas, but there must be a reasonable judgment having its basis in the proper consideration of all relevant facts. 11. Equity (§=407— Not error for master to state...

...Minnesota Rate Cases, 230 US, 352, 434, such determination is "not a matter of formulas, but there must be reasonable judgment having its basis in a proper consideration of all relevant facts." However, the Court did attempt definitely to mark the limit below which public regulation of rates...