Abstract

Editorial Paragraphs
January 22, 1930 issue

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The U.S. Supreme Court seems determined to drive us willy-nilly into public ownership and operation of public utilities. In a long series of decisions it has been making us pay more and more dearly for the privilege of having utility services furnished by private companies instead of providing them ourselves. The latest case is that of the Baltimore street railways, decided on January 6. The court held that under existing conditions a return of 6.26 per cent on the present value of the property used by the company is so inadequate as to constitute confiscation.

See Also:

UNITED States. Supreme Court; GOVERNMENT ownership; PUBLIC utilities; PRIVATE companies; CONFISCATIONS; UNITED States
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