11/25/2023 0 Comments Jasper county courthouse room 306![]() Its engineers estimated the reproduction cost new as of June 30, 1919, thus: physical telephone property, $28,454,488 working capital, $1,051,564 establishing business, $5,594,816 total $35,100,868. The books showed that the actual cost of "total plant, supplies, equipment, and working capital" amounted to $22,888,943. The company produced voluminous evidence, including its books, to establish the value of its property dedicated to public use. After a hearing, it made an elaborate report and directed that the service rates should be reduced and the charges discontinued. "That the existing toll and exchange telephone rates as established or approved by the Postmaster General on or prior to June 6, 1919, shall continue in force for a period not to exceed four months after this Act takes effect, unless sooner modified or changed by the public authorities - state, municipal, or otherwise - having control or jurisdiction of tolls, charges, and rates or by contract or by voluntary reduction."Īugust 4, 1919, the Commission directed plaintiff in error to show why exchange service rates and charges for installation and moving as fixed by the Postmaster General should be continued. 157, directed that the lines be returned to their owners at midnight July 31, 1919, and further. The Act of Congress approved July 11, 1919, c. It is challenged as confiscatory and in conflict with the Fourteenth Amendment.ĭuring the period of federal control - August 1, 1918, to Aug- the Postmaster General advanced the rates for telephone service and prescribed a schedule of charges for installing and moving instruments. ![]() That order undertook to reduce rates for exchange service and to abolish the installation and moving charges theretofore demanded by plaintiff in error. Which sustained an order of the Public Service Commission of Missouri effective December 1, 1919. 425) affirmed a judgment of the Cole County Circuit Court U. JUSTICE McREYNOLDS delivered the opinion of the Court. 277Įrror to a judgment of the Supreme Court of Missouri affirming a judgment of the state circuit court which sustained an order by which the Public Service Commission undertook to reduce the rates of the above-named telephone company and to abolish installation and moving charges. Rates admitting of a possible return of but 5 1/2% in net profits after allowing for depreciation, on the minimum value of the property U. 276 ERROR TO THE SUPREME COURT OF THE STATE OF MISSOURI SyllabusĤ. Public Service Commission of Missouri No. Id.Įrror to a judgment of the Supreme Court of Missouri affirming a judgment of the state circuit court which sustained an order by which the Public Service Commission undertook to reduce the rates of the above-named telephone company and to abolish installation and moving charges. A state Commission, in fixing the rates of a public utility corporation, cannot substitute its judgment for the honest discretion of the company's board of directors respecting the necessity and reasonableness of expenditures made in the operations of the company. ![]() Of a telephone company held wholly inadequate considering the character of the investment and the interest rates then prevailing. Rates admitting of a possible return of but 5 1/2% in net profits after allowing for depreciation, on the minimum value of the property An honest and intelligent forecast of probable future values is also essential, and this cannot be made if the highly important element of present costs be wholly disregarded. What will amount to a fair return cannot be ascertained by valuing the property as of past times without giving consideration to greatly increased costs of labor, supplies, etc., prevailing at the time of the investigation. ![]() Rates fixed by state authority for a public utility corporation must be such as will yield a fair return upon the value of its property devoted to the public service. ![]() Source Neighborhood: 20-Hamilton County - E.1.Directions: From Hwy 90, head N on I75 to the Jasper/Live Oak Exit, Go Left on 129 into Jasper, at light take a left on Hatley ST, a right on 1st ST, left on 4th Ave, House will be on your left.Calculated Total Monthly Association Fees: 0. ![]()
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