 | Illinois. Supreme Court - 1920 - 694 pages
...of the evidence. It must, however, be kept in mind in considering questions of business policy that the commission is not the financial manager of the...discretion in that regard by the corporate officers. Ultimately in every case of this character the question to be determined is: What is a fair and reasonable... | |
 | United States. Interstate Commerce Commission - 1932 - 940 pages
...Utilities Commission ex rei. Springfield v. Springfield Gas & Electric Co. 291 III. 209, 234, as follows : The Commission is not the financial manager of the...discretion in that regard by the corporate officers. We recognize the full force and effect of that declaration and that we are not clothed with the general... | |
 | Henry Clifford Spurr, Ellsworth Nichols - 1921 - 1036 pages
...expenses, stated : "It must, however, be kept in mind in considering questions of business policy that the Commission is not the financial manager of the...discretion in that regard by. the corporate officers." In the absence of proof, the Commission must assume that the company has duly considered all phases... | |
 | Henry Clifford Spurr, Ellsworth Nichols - 1921 - 1002 pages
...mind in considering questions of business policy that the Commission is not the financial man ager of the corporation and it is not empowered to substitute...discretion in that regard by the corporate officers." From the evidence it appears that all rental charges for use of the properties leased from the Chicago,... | |
 | Illinois - 1921 - 854 pages
...manager of the utility and may not substitute its judgment for that of the directors of the company; nor can it ignore items charged by the utility as...discretion in that regard by the corporate officers. The rate of return must depend upon circumstances and locality. Among, other things to be considered... | |
 | United States. Supreme Court - 1923 - 872 pages
...Utilities Commission ex rel. Springfield v. Springfield Gas and Electric Company, 291 111. 209, 234. " The commission is not the financial manager of the...discretion in that regard by the corporate officers." See Interstate Commerce Commission v. Chicago Great Western Ry. Co., 209 US 108; Chicago, Milwaukee... | |
 | American Telephone and Telegraph Company. Bureau of Commission Research. Legal Dept - 1924 - 1428 pages
...rel. City of Springfield v. Springfield Gas and Electric Company, 291 111. 209, 2;W; PUR 1920-C, MO; 125 NE 891. ' The Commission is not the financial...discretion in that regard by the corporate officers.' See Interstate Commerce Commission v. Chicago, Great Western "Railway Company et al.: 209 US 108; 52... | |
 | 1924 - 1284 pages
...Gas & Elec. Co., 291 III. 209, 234, 125 NE 891, 901 (1919), where the Illinois Supreme Court said: "The Commission is not the financial manager of the...discretion in that regard by the corporate officers." AUTHORIZATIONS OF NEW RAILROAD CONSTRUCTION The requirement of the law that a certificate of public... | |
 | 1924 - 1096 pages
...Electric Co., 291 111. 209, 234: 'The commission is not the financial manager of the corporation and it la not empowered to substitute its judgment for that...discretion in that regard by the corporate officers.' " In the present case it is apparent that substantial elements of proof offered by the plaintiff in... | |
 | 1925 - 1118 pages
...clothed with the general power of management incident to ownership," and further that the court cannot "ignore items charged by the utility as operating...discretion in that regard by the corporate officers." No abuse of discretion on the part of the 86 B F.(2d) 77 87 corporate officers has been shown by the... | |
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The commission is not the financial manager of the corporation and it is not empowered to substitute its judgment for that of the directors of the corporation; nor can it ignore items charged by the utility as operating expenses unless there is an abuse... 
