United Traction Co. v. Public Service Commission

Prior to 1921, subdivision 1 of section 49 of the Public Service Commission Law (as amd. by Laws of 1911, chap. 546), which conferred jurisdiction upon the Commission to fix, by decrease or increase, “ the just and reasonable rates, fares and charges to be thereafter observed ” by common carriers, including street railroad corporations, read as follows: “1. * * * the Commission shall * * * determine the just and reasonable rates, fares and charges to be thereafter observed and in force as the maximum-to be charged for the service to be performed, notwithstanding that a higher rate, fare or…