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Show RATE CASE IS DECIDED IN FAVOR OF THE STATE Supreme Court Upholds the Right of Minnesota to Fix Reasonable Intrastate Intra-state Rates on Railroads. Washington. The power of the Itati-B to tlx reasonable Intrastate rates on Interstate railroads, until au h time as congress shall choose to regulate these rates, was upheld on Monday I y the supreme court of tho I'nlted Ktatea in the Minnesota freight and passj-nmr rate cases. At the same time the court laid down farn aching principles govern' ing the valuation of railroad property for rate-muklng purposes, and. according accord-ing to tliene, held that the state of Minnesota would confiscate the pro;v erty of the Minneapolis & St. lxuls Railroad company by Its maximum freight and 2-cent passenger fare law It enjoined the state from enforcing these laws, as to this road, for th prtsent. In thfl cases of the Northern Pacific and Great Northern, however the court held that tlieso roads had failed to show that these rttes wert "unreasonable" or "confiscatory." aud consequently reversed the United States district court for Minnesota which had enjoined their enforcement as both confiscatory and a burden vt interstate commerce. The decision, regarded aa one of th most Important ever anifnunred by the uuirt, hud been under consideration fot fourteen months. Railroad comm: rJons lrom e ght stales and the gov ertiors of a'l the starts tU'ii briefs In support of the stale la the c:tcs, rec-ognblus rec-ognblus th:t the principles Involved affected thun all. |