...the theory of reproduction value new. Mr. Justice Harlan simply states that a utility is entitled to "a fair return upon the reasonable value of the property at the time it is being used for the public." That the time as of which the value must be ascertained is the time of the inquiry is too well established...

...company is entitled to demand," says the Court, "in order that it may have just compensation, is a fan- return upon the reasonable value of the property at the time it is being used for the public." This adopts present value as the standard, but leaves unsettled how the reasonable value of the property...

...other person who may purchase the franchise at the sale made pursuant to such ordinance, more than a fair return upon the reasonable value of the property at the time it is being used. It is the intention of this judgment to give to the City of Paducah the option of permitting the present...

...entitled to ask a fair return upon the value of the property which it employs for the public convenience. Just compensation is a fair return upon the reasonable value of the property at the tune it is being used for the public. In order to ascertain that value, the original cost of construction,...

...basis of calculation is the "fair value of the property" used for the convenience of the public. . . . "What the company is entitled to demand, in order that it may have just ;ompensation, is a fair return upon the reasonable value of the iroperty at the time it is being used...

...Ames, supra (p. 546). Or, as it was put in San Diego Land & Town Co. v. National City, supra (p. 757), 'What the company is entitled to demand, in order...property at the time it is being used for the public.' See also San Diego Land & Town Co. v. Jasper, supra; Wilcox v. Consolidated Gas Co., supra. "2. The...

...immediately to add : "Or, as it was put in San Diego Land & Town Co. v. National City [(174 US, 789)] : " 'What the company is entitled to demand in order that...property at the time it is being used for the public.' " Thus, the Court clearly implied that "fair value" and "reasonable value" were, for its purposes,...

...determination of the case before us are clearly defined by the courts in the following cases: GENERAL What the company is entitled to demand, in order that...property at the time it is being used for the public service. (Smyth v. Ames, 169 US466; San Diego L. ê T. Co. v. National City, 174 US 739; San Diego...

...(1909) 212 US 19, 41, 52, 29 Sup. Ct. 192, 195, 200, 53 L. ed. 382, the court said, "There must be a fair return upon the reasonable value of the property at the time it is being used for the public The value of the property is to be determined as of the time when the inquiry is made regarding the rates....

...Company, 212 US 19, the Supreme Court of the United States declared that in rate cases " there nrust be a fair return upon the reasonable value of the property at the time it is being used for the public." This was the enunciation of the rule which had been laid down by the same court in the previous cases...