Indianapolis Times, Indianapolis, Marion County, 13 May 1937 — Page 14

PAGE 14

SUPREME COURT

ACTION SOUGHT I NATER ASE

State Attorney Is-to Appeal

- Decision on. Rates Of Utility.

Urban C. Stover, Deputy: Attorney General, today was preparing a brief for an appeal to the U. S. Supreme Court in the case of the Indianapolis Water Co. vs. Perry McCart and members of the Public Service Commission.

The U. S. District Court of Ap-|

peals in Chicago denied the State a rehearing in the case. The bench, consisting of Judges Evan H. Evans,

Walter C. Lindley and Charles C.| Briggle, affirmed its decree made on |

March 23 when it reversed a decision of the Federal Court here.

The water company claimed that | Public Service Commissicn members|

had set too low an evaluation on . Water company holdings and property. : Rates Set in 1922 The Commission fixed the present

rates in an order issued Dec. 30, 1932, when it set minimum valua-

tion of the water company property |

at $22,500,000.

Suit for an injunction to restrain the commission from enforcing a | lower valuation was instituted in|

March, 1933. But Judge Robert C.

Baltzell ruled that a fair valuation | was $21,392,821 and that from that | amount a “fair return” of 6 per cent | could be obtained by the water com- |

pany.

The court ruling now standing, | and which the State will appeal to | the Supreme Court, holds that the

present: water rate schedules are

confiscatory of the water company

property and therefore illegal. Error Is Contended

It establishes the valuation of the Commission as less than the actual value for rate making purposes and also holds that the $21,392,000 valuation found by Judge 'Raltzell was in error. The ruling claims that 6 per cent is a minimum fair return for a public utility and that price trend must receive consideration in arriving at true values and must be projected into the future. The upholding of the reversal is peculiar in that Judge Evans, a member 2f the Chicago court bench, also sat with Judge Baltzell when the original ruling was made.

CLUB SPONSORS EXHIBIT

The annual Christian Park spring exhibit, under the sponsorship of the Christian Park Mother's Club, is to be given tomorrow evening at the Brookside Community House. It is to be held under the direction of Mrs. Norma Koster.

ec- | tor of the National Organization | for Public Health Nursing, New | York. will be one of the speakers before the 64th annual meeting of [ the National Conference of Social Work here May 23 to 29. More than 8000 visitors are expected.

"LEAGUE. MAPS LUNCHEON The Better Business League of | northside Indianapolis was to hold | its regular noon luncheon at the

| St. Paul M. E. Church, Rader and | Bugene Sts., at noon today.

Seventh Annual Institute at

‘| Times, Special

EDUCATORS TO TALK

ON FOREIGN AFFAIRS

itis ; Earlham Opens Today.

RICHMOND, May 13.—Professors Philip C. Jessup, Columbia Univer-

sity, and Arthur N. Holcombe, Har= |’

vard, are among the. speakers for the seventh Earlham Institute of Foreign Affairs, to be held ‘today, tomorrow and Saturday. Others who are to address the | group are Green H. Hackworth, Department of State legal adviser;

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’ 1 1

94:0 43

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GOOD LIQUORS

Prof. Paul H. Douglas, University of Chicago, and Ameen Rihani of

- THE INDIANAPOLIS TIMES Syria. Founded in 1930 as the In-| devoted itself to astudy of relations| America and the Orient. This year, | attention is to be given the question * stitute of Polity, the conference has | between the Unitea States, Latin |in addition to

"THURSDAY, MAY 13, 1937

these discussions, | of neutrality.

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