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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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Depreciation in Public Utilities: Relation of Accrued Depreciation to Annual ...

Delos Franklin Wilcox - 1925 - 128 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. Notwithstanding...
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The Federal Reporter

1925 - 1118 pages
...15 Ann. Cas. 1034, 48 LRA (N. S.) 1134. The Supreme Court has also expressly held that, "when * * * a public regulation of its prices comes under question,...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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Commission Leaflets: Recent Commission Orders, Rulings and ..., Issues 150-154

American Telephone and Telegraph Company. Bureau of Commission Research. Legal Dept - 1925 - 1142 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 reason the utility should make this provision for preserving the property is stated by the court...
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The Federal Reporter, Volume 272

1921 - 1092 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." For there can be no difference between the effort to increase the value of the property through a recital...
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Proceedings of the ... Annual Meeting of the Indiana State Bar Association

Indiana State Bar Association (1916- ) - 1909 - 332 pages
...perform this plain duty, whether as a result of unwarranted dividends upon over-issues of securities, or omission to exact proper prices for the output, the fault is its own, and that, therefore, when a public regulation of its prices comes under question the true value of...
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Profits, Dividends and the Law: Profits Available for Dividends from ...

Prosper Reiter - 1926 - 280 pages
...keep the investment unimpaired, whether this is the result of unwarranted dividends upon overissue 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.38...
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United States Supreme Court Reports, Volume 53; Volumes 211-214

United States. Supreme Court - 1926 - 1058 pages
...the output, ?.he fault Ss its own. When, therefore, a lublic .íígMÍation of its prices comes undcv question, the true value of the property then employed for the purpose of earning a return -¿aanot be enhanced by » consideration of ihe errors in management which b&ve be¿j äonuoiUed in...
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Economic Problems: New and Old

Allyn Abbott Young - 1927 - 310 pages
...unimpaired, whether this is the result of unwarranted dividends upon overissues of securities or of omissions to exact proper prices for the output, the fault is...of its prices comes under question the true value then employed for the purpose of earning a return cannot be enhanced by a consideration of the errors...
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Appendix to Journals of Senate and Assembly ... of the ..., Volume 33, Part 2

Nevada. Legislature - 1927 - 1440 pages
...the investment unimpaired, whether this is the result of unwarranted dividends ttixm overissues of securities or of omission to exact proper prices for...When, therefore, a public regulation of its prices wines under question, the true value of the projierty then employed for the purpose of earning a return...
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Outlines of Public Utility Economics

Martin Gustav Glaeser - 1927 - 912 pages
...keep the investment unimpaired, whether this is the result of unwarranted dividends upon over-issue of securities, or of omission to exact proper prices for the output, the fault is its own."* The theory of the earlier of the above decisions goes back to a decision of the United States Supreme...
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