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STANISLAUS COUNTY v. SAN JOAQUIN C. & I. CO.

No. 80.

192 U.S. 201 (1904)

STANISLAUS COUNTY v. SAN JOAQUIN AND KING'S RIVER CANAL AND IRRIGATION COMPANY.

Supreme Court of United States.

Decided January 18, 1904.

Attorney(s) appearing for the Case

Mr. James P. Langhorne, with whom Mr. Duncan Hayne and Mr. Frederic D. McKenney were on the brief, for appellants.

Mr. W.B. Treadwell for appellee.

MR. JUSTICE PECKHAM, after making the foregoing statement, delivered the opinion of the court.

First. The question which first arises in this case is whether there was a contract with the company under the act of 1862, by reason of which the State could not thereafter authorize the board of supervisors to reduce the rates so low as to yield less than one and one-half per cent per month upon the capital actually invested...

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