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" If, however, a company fails to perform this plain duty and to exact sufficient returns to keep the investment unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities, or of omission to exact proper prices for the... "
Public Documents of the State of North Dakota: Being the Annual and Biennial ... - Page 976
by North Dakota - 1924
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Commission Leaflets: Recent Commission Orders, Rulings and ..., Issues 47-53

American Telephone and Telegraph Company. Bureau of Commission Research. Legal Dept - 1916 - 1674 pages
...investment unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities or omission to exact proper prices for the output, the...property then employed for the purpose of earning a revenue can not be enhanced by a consideration of the errors in management which have been committed...
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Public Utilities Reports, Volume 4

Henry Clifford Spurr, Ellsworth Nichols - 1916 - 1310 pages
...unwarranted dividends upon overissues of securities, or of omission to exact proper prices for PUR1916D. the output, the fault is its own. When, therefore,...employed for the purpose of earning a return cannot be enhanced by a consideration of the errors in management which have been committed in the past."...
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Public Utilities Reports

1916 - 1264 pages
...keep the investment unimpaired, whether this is the result of unwarranted dividends upon overissues of securities or of omission to exact proper prices for...regulation of its prices comes under question, the true vahie of the property then employed for the purpose of earning a revenue cannot be enhanced by a consideration...
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Valuation, Depreciation and the Rate-base

C. E. Grunsky, Carl Ewald Grunsky - 1916 - 406 pages
...keep the investment unimpaired, whether this is the result of unwarranted dividends upon overissues of securities, or of omission to exact proper prices for the output, the fault is its own." The omission to exact prices for the output that would keep the investment unimpaired may be due to...
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Valuation, Depreciation and the Rate-base

C. E. Grunsky, Carl Ewald Grunsky - 1916 - 414 pages
...keep the investment unimpaired, whether this is the result of unwarranted dividends upon overissues of securities, or of omission to exact proper prices for the output, the fault is its own." The omission to exact prices for the output that would keep the investment unimpaired may be due to...
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Commission Leaflets: Recent Commission Orders, Rulings and ..., Issues 54-60

American Telephone and Telegraph Company. Bureau of Commission Research. Legal Dept - 1917 - 1788 pages
...keep the investment unimpaired, whether this is the result of unwarranted dividends upon overissues of securities, or of omission to exact proper prices...employed for the purpose of earning a return cannot be enhanced by a consideration of the errors in management which have been committed in the past."...
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Public Utility Rates: A Discussion of the Principles and Practice Underlying ...

Harry Barker - 1917 - 414 pages
...keep the investment unimpaired whether this is the result of unwarranted dividends upon over issues of securities, or of omission to exact proper prices...employed for the purpose of earning a return cannot be enhanced by a consideration of the errors in management which have been committed in the past. This...
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Report of the Public Service Commission of Maryland, Volume 7

Public Service Commission of Maryland - 1917 - 848 pages
...unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities or ommission to exact proper prices for the output, the fault is...property then employed for the purpose of earning a revenue can not be enhanced by a consideration of the errors in management which have been committed...
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Public Utilities Reports

Henry Clifford Spurr, Ellsworth Nichols - 1917 - 1278 pages
...the investment unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities or of omission to exact proper prices for the output, the fault is its own." Mr. Metealf, on page 172 of his exhibits, sets forth in detail what in his opinion would be the amount...
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Biennial Report of the Tax Commission, State of Kansas

Kansas. Tax Commission (1907-1925) - 1918 - 408 pages
...investment unimpaired, whether this is the result of unwarranted dividends upon overissues of securities, or omission to exact proper prices for the output, the...employed for the purpose of earning a return cannot be enhanced by a consideration of the errors in management which have been committed in the past."...
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