Die Kaufkraft des Geldes

Merck's Warenlexikon für Handel, Industrie und Gewerbe

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Multivolume work

Identifikator:: 1892063557

Document type:: Multivolume work

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1891-

Collection:: Economics Books

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Volume

Identifikator:: 1892071576

URN:: urn:nbn:de:zbw-retromon-237660

Document type:: Volume

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Neueste Zeit

Volume count:: Abt. 3

Place of publication:: Freiburg im Breisgau

Publisher:: Heyfelder

Year of publication:: 1906

Scope:: VIII, 302 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: I. Entstehung und erste Entwicklungsperiode des modernen Bürgertums

Collection:: Economics Books

THE FIXING OF RATES 29) the Commission because of the changed conditions it is because there is a new reasonable rate to be ascertained and disclosed, applicable to such new conditions and fixed by force of law immediately when the new conditions came into existence. But the theory and the mandate of the law is that this point is always discoverable although not always discovered. Until it is discovered and made known the former rates and service pre- vail. The order of the Commission is prima facie evidence that the rate, charge or service found and fixed by it is the particular rate, charge or service declared by the Legislature in general terms to be lawful and to be in force. If jt were conceded that the Commission had power or discretion to fix one of several rates, either of which would be just and reasonable, it would be hard to say that this was not a delegation of pure legislative power to the Commission. But the theory of this law is to dele- gate to the Commission the power to ascertain facts and to make mere administrative regulations. “ The notion that commissions of this kind should be closely restricted by the courts, and that justice in our day can be had only in courts, is not conducive to the best results. Justice dwells with us as with the fathers; it is not exclusively the attribute of any office or class, it responds more rapidly to confidence than to criticism, and there is no reason why the members of the great Railroad Commission of this State should not develop and es- tablish a system of rules and precedents as wise and beneficent within their sphere of action as those established by the early common-law judges. We find the statute well framed to bring this about.” Competition in the Public Service. — Before the advantage of cooperation and combination leading to monopolistic control was fully realized by the owners of business ventures, it was common belief that free and unrestricted competition should be encouraged and would result in permanent advantage to the public. The fallacy of this view when large public service con- cerns are involved is now generally recognized. The competi- tion in the case of such concerns may result in a momentary lessening of rates but in the long run the rate-payer or the security holder will be the sufferer. The temporary advantages may be- come a permanent burden. TAC

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Object: Valuation, depreciation and the rate base

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