message rate to rural connecting company stations
found discriminatory, discontinued and switched
service charge authorized (Minn.) . . . . . .

PAGE

642-644

private branch exchanges in two hotels, same rates

for, to eliminate discrimination, authorized (Mo.). 647, 650-651
reduced rates to stockholders unduly discriminatory,

discontinued (Kan.)

634-635

802-804

670, 806

grouping of exchanges:

commissions passing on, cases quoted....

groups based on exchange stations, fixed (Mont.)..

811-812, 814-815

throughout state for rate purposes, approved
(Mont.) ..

...670, 801–802, 806–809, 811-812, 814-815

(See also Rates: basis of)
inadequate, deficits over seven year period as shown by
company's records, if fair return assumed, show inade-
quate net earnings and therefore where efficient and
economical management stand unquestioned, inadequate
rates (Mont.)

..797-799, 810

modification of former order before expiration of required
period, application rejected (0.).

non-payment (See Payment)

reasonableness:

establishment of reasonable rates means just rates,
cases noted

present rates found not unjust nor unreasonable,
continued in effect..

reasonable rates must earn legitimate operating
expenses, adequate depreciation and a return on
fair value of property devoted to public service
(cases noted) (Mont.)......

reduction in:

radius for service, curtailment of switched service, and
discontinuance of certain free service allowing
reduction in operating expenses but contingent
upon, where subscribers are practically all stock-
holders and question not taken up at any stock-
holders' meeting, not within jurisdiction of Com-
mission, free service contracts still effective and
discrimination not shown, denied without prejudice
(N. D.) ..

856-857

793

878

794

841-848

RATES Continued:

(C. L. 148)

sale of property, following (See Sale of Property)

schedules:

filing ordered

posting ordered

PAGE

.617, 623, 855, 880

623

revenues and expenses, of, for specified period,
ordered filed

securities:

658, 665

record of issue and sale of, and use of proceeds for
specified period, ordered filed......638, 641, 654, 838, 839-840

RESERVE FOR

Charge.

REVENUES:

890-891, 892

DEPRECIATION. See Depreciation

studies reflecting operation for 1922, made (Mont.).....
RULES AND REGULATIONS:

716

651

615

private branch exchanges in hotels, for, to be filed......
service, reasonable rules and regulations concerning, com-
pany within rights in making (case noted) (Ariz.)...
SALARIES. See Operating Expenses.
SALE OF PROPERTY:

rentals not to be charged for contacts for free serv-

ice trunk circuits on pole lines between exchanges

sold, approved in....

631

revenues due from subscribers to date of transfer of
property, to belong to selling company, approved in
taxes, accrued, to be paid by owner of each property
sold, approved in.....

copartnership property sale to incorporated company,
authorized

.....

finding as to value for rate purposes not made in
authorizing

.....

free interexchange service following (See Toll: rates:

PAGE

631

631

656-657

657

service, finding as to, not to be binding in future...
See also Securities: issue: acquisition.

855

SECURITIES:

bonds:

issue:

Jissue:

authorized

.624-625, 871

petition requesting stock or bond issue or both
not to exceed certain amount, upon authoriza-
tion of stock issue in that amount, denied....
7%, not approved generally, but allowed (Ind.)....

acquisition of property, approved for....

652-654

625

835, 890

additions and improvements, approved for. 625, 627-629, 653, 892
certificates of interest, in exchange par for par of,

approved

common battery system, for change from magneto to,
approved .....

construction of new telephone building, approved for.
partnership property transferred to corporation, for
payment of, approved....

payment of outstanding obligations, approved for..
rates and service, finding as to, for, not to be bind-
ing in future

818-819

653

653

654-655

836-838

856

reimbursement of treasury, approved for..

.637,638, 839

replacements, to provide for, approved....

835

retirement of outstanding notes, approved for.....640-641, 653
switchboard, for purchase of modern, approved.....
treasury stock, portion of issue to be held as, for re-

653

financing purposes, approved

822

(C. L. 148)

SECURITIES-Continued:

sale of:

90% of par:

bonds at not less than, authorized (Tenn.)....
stock of one company to another company at,

authorized (0.) ...

PAGE

871

....

856

money derived from, not required in entirety for pur-
poses for which authorized, to be held in separate
fund pending further order (Me.).....

638

par:

stock and bonds at, authorized (Ind.)....625, 638, 640-641
stock at not less than ,authorized (Neb., N. Y.,

increase of capital stock, authorized (Mich.). . . . . . . .
issue:

640-641

authority given for, to apply only to stock issued
before specified date (Mo.)..

authorized..

654, 655

..640-641, 652-654, 654-655, 818-819
834-835, 836-838, 839-840, 855-856, 889–891, 891-893
one Commissioner dissenting (Me.)...................... 636-639
exchange of three shares for one where par value

reduced, upon cancelation of old certificates,
authorized (Neb.)

foreign corporation operating in several states,
subject to jurisdiction of state creating cor-
poration, not within jurisdiction of Commission
and denied (Vt.)..............

hypothecation not allowed without authority,
ordered (Me.)

....

order authorizing issue to be recorded on books
of company, ordered (Me., Mich.)........

See also Reports.

SERVICE:

abandonment (See Exchanges: discontinuance)

classification of, basis of, into exchange and toll, dis-

cussed (Mont.)

819-822

872

638

637, 641

740-741

(C. L. 148)

SERVICE-Continued:

contract for:

private branch exchanges in hotels, three years
minimum term, authorized (Mo.).

violation of, company not required to reinstate in-

strument where misuse shown (case noted). . . . . . . .

cost of furnishing (See Exchanges: classification. Rates:
service)

discontinuance of (See Exchanges: discontinuance)
improper use of, acceptance of contract for service by
subscriber carries obligation to protect from (Ariz.)...
improvement in, grounded circuits replaced by metallic
circuits before date specified, ordered...

radius for (See Rates: basis of, also reduction in)
rules and regulations concerning (See Rules and Regu-
lations).

switched, knife switches allowing connection with another
exchange's lines without direct connection, ordered dis-
continued (Wis.)

(See also Rates: reduction in: radius for services)
toll (See Toll)

value, state recognizes telephone as instrument principal
value of which rests in connection with multitude of
other instruments (Mont.)..

PAGE

651

644

615

basis of:

613-614

619

885

683

private branch exchanges in hotels, not approved for.
reconnection for, authorized....

651

645, 907

removal, for:

change in type of equipment, charge authorized..
inside and outside moves, authorized.....

schedules carrying, in violation of law and former orders,

645

645

rejected (0.)

856-857