Valuation of Railroad Lands. Hearings Before the Committee on Interstate and Foreign Commerce of the House of Representatives, Sixty-sixth Congress, Third Session, on H.R. 13997 ... Washington, Gov't. Print. Off., 1921 |
Pogosti izrazi in povedi
acquisition of lands acreage value acres actual cost adjacent lands adjoining lands amendment amount applied appraisal ascer ascertained basis BENTON bill bureau of valuation carrier lands cent CHAIRMAN chart Commissioner AITCHISON committee common carrier common-carrier condemnation and damages Congress consideration considered construction cost of acquiring cost of acquisition cost of condemnation cost of reproduction decision demnation depreciation determination earn eminent domain equipment accounts estimate evidence excess cost fact fair FARRELL figures final value Hulme included increase interest Interstate Commerce Commission investment Judge Brantley Kansas City Southern mandamus matter method Minnesota rate MOORE multiple opinion original cost owner paid parcel present cost Prouty purchase purposes question railroad company railroad property railroad right railway value reason reproduction cost road and equipment similar lands SIMS so-called present value statement Supreme Court tentative valuations terminals Texas Midland tion valuation act value of lands value of similar
Priljubljeni odlomki
Stran 13 - And in order to ascertain that value, the original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stock, the present as compared with the original cost of construction, the probable earning capacity of the property under particular rates prescribed by statute, and the sum required to meet operating expenses, are all matters for consideration, and are to be given such weight as may be just and right in each case. We do not say that...
Stran 247 - Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repairs but for making good the depreciation and replacing the parts of the property when they come to the end of their life.
Stran 208 - What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public.
Stran 128 - ... as of the time of dedication to public use, and the present value of the same, and separately the original and present cost of condemnation and damages or of purchase in excess of such original cost or present value.
Stran 154 - And we concur with the court below in holding that the value of the property is to be determined as of the time when the inquiry is made regarding the rates. If the property which legally enters into the consideration of the question of rates has increased in value since it was acquired, the company is entitled to the benefit of such increase.
Stran 53 - The cost of reproduction method is of service in ascertaining the present value of the plant, when it is reasonably applied and when the cost of reproducing the property may be ascertained with a proper degree of certainty. But it does not justify the acceptance of results which depend upon mere conjecture.
Stran 62 - Second. Such investigation and report shall state in detail and separately from improvements the original cost of all lands, rights of way, and terminals owned or used for the purposes of a common carrier, and ascertained as of the time of dedication to public use, and the present value of the same...
Stran 34 - The company would certainly have no ground of complaint if it were allowed a value for these lands equal to the fair average market value of similar land in the vicinity, without additions by the use of multipliers, or otherwise, to cover hypothetical outlays.
Stran 151 - Property does become clothed with a public interest when used in a manner to make it of public consequence, and affect the community at large. When, therefore, one devotes his property to use in which the public has an interest, he, in effect, grants to the public an interest in that use, and must submit to be controlled by the public for the common good, to the extent of the interest he has thus created.
Stran 194 - The legislature may determine what private property is needed for public purposes — that is a question of a political and legislative character; but when the taking has been ordered, then the question of compensation is judicial. It does not rest with the public, taking the property, through Congress or the legislature, its representative, to say what compensation shall be paid, or even what shall be the rule of compensation. The Constitution has declared that just compensation shall be paid, and...