Pittsburgh, Virginia & Charleston Railway Co. v. Vance
Supreme Court of Pennsylvania
Error to the Court of Common Pleas of Fayette county: Of January Term, 1887, No. 123. On May 8th, 1882, Thomas Vance presented his petition to the Court of Common Pleas of Fayette county for the appointment of viewers to assess damages sustained by him by reason of the location and construction of the Pittsburgh, Virginia and Charleston Railway Company over his land.
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Error to the Court of Common Pleas of Fayette county: Of January Term, 1887, No. 123. On May 8th, 1882, Thomas Vance presented his petition to the Court of Common Pleas of Fayette county for the appointment of viewers to assess damages sustained by him by reason of the location and construction of the Pittsburgh, Virginia and Charleston Railway Company over his land. The court thereupon, on the nomination of the parties, appointed viewers under the Act of February 19th, 1849. The railway company took a strip of the land of Thomas Vance, sixty feet wide and twenty-three hundred feet long. This…
1Opinion of the CourtJustice Clark
The market value of land is not necessarily, as would sometimes seem to be supposed, the price which it would command in a forced sale by public auction ; it is estimated upon a fair consideration of the location of the land, the extent and condition of its improvements, its quantity and productive qualities, and the uses to which it may reasonably be applied, taken with the general selling price of lands in the neighborhood at the time. The price which, upon full consideration of the matters stated, the judgment of well informed and reasonable men will approve may be regarded as the market…
2Cited by43 opinions
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