...just and reasonable rate which the commission is called upon to fix. The utility is entitled to ask a fair return upon the value of that which it employs for public convenience, but, on the other hand, the public is entitled to demand that no more be exacted...

...private property" devoted to public use (Reagan v. FL & T. Co., 154 US 1. c. 399), and what such a "company is entitled to ask is a fair return upon...that which it employs for the public convenience." Both of these cases have been cited over and again where rates fixed by legislative acts, by public...

...are all matters for consideration, and are to be given such weight as may be just and right in ench case. We do not say that there may not be other matters...the public convenience. On the other hand, what the pub" lie is entltlid to demand is that no more be exacted from it for the usie of a public highway...

...ascertain that value, the original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stock,...that which it employs for the public convenience." In Willcox v. Consolidated Gas Co., 29 S. Ct. 192, 200, 212 US 19, 52 (53 L. Ed. 382, 15 Ann. Cas....

...probable earning capacity of the property under particular rates prescribed by statute, and the suoi required to meet operating expenses, are all matters...public convenience. On the other hand, what the public \s entitled to demand is that no more be exacted from it for the use of a public highway than the services...

...matters for consideration, and to be given such weight as may be just and right in the particular case. What the company is entitled to ask is a fair return...that which it employs for the public convenience.* Press Comment Boston J urnal fRep.) This law. which was passed by the Nebraska legislature five years...

...1897 in the Nebraska Rate Case (Smythe vs. Ames, 169 US, 466), '' What the company is entitled to earn is a fair return upon the value of that which it employs for the public convenience." It is argued that a fair return is the legal rate of interest; and that when a railway's net earnings...

...consideration, and are to be given such weight as may be Just and right in each case. We do not say tiat there may not be other matters to be regarded In estimating...that which it employs for the public convenience. On tbe other hand, what the public Is entitled to demand is that no more be exacted from it for the use...

...qualification as stating the law of the land in words chosen with deliberation, and not for mere euphony : What the company is entitled to ask is a fair return...public convenience. On the other hand, what the public IB entitled to demand is that no more be exacted from It for the use of a public highway than the services...

...presumption is not conclusive, when the contrary is shown to this Commission on interstate traffic. "What the Company is entitled to ask is a fair return...that which it employs for the public convenience/*" The bonds alone amount to $16,706.72 per mile; while bonds and stocks amount to $20,223 per mile. The...