ADMINISTRATIVE BODIES-CONCLUSIVENESS OF THIS FINDINGS OF THIS INTERSTATE COMMERCE COMMISSION UNDER THE VALUATION ACT

Authors

Abstract

Congress, in 1913, in response to a public belief that the railroads of the country were over-capitalized, passed an act which declared that their value should be ascertained by the Interstate Commerce Commission. Act of March 1st, 1913; 37 U. S. Stat. at L. 701. The act did not state whether it was to ascertain that value as a basis for rate-making purposes or for condemnation proceedings. See W. W. Cook, "The Legal Battle over Railroad Rates," 35 HARV. L. Rev. 30. In determining the value of the land the Commission held that it could not fully comply with the act (Texas Midland Railroad, 75 I. C. C. Rep. 1, at 54) but the Supreme Court held that it must do so. United States v. Interstate Commerce Commission, 252 U. S. 178, 40 Sup. Ct. 187.

Recommended Citation

ADMINISTRATIVE BODIES-CONCLUSIVENESS OF THIS FINDINGS OF THIS INTERSTATE COMMERCE COMMISSION UNDER THE VALUATION ACT, 25 Mich. L. Rev. 273 (1928).
Available at: https://repository.law.umich.edu/mlr/vol25/iss3/5