Opinion
No. 296.
Argued January 6, 1922. Decided March 6, 1922.
Approving the conclusion of the master and the District Court that a gas rate fixed under Laws New York, 1906, c. 125, had become confiscatory. 269 F. 277, affirmed.
Mr. Wilber W. Chambers, with whom Mr. Charles D. Newton, Attorney General of the State of New York, and Mr. Clarence R. Cummings were on the brief, for Newton, Attorney General.
Mr. M. Maldwin Fertig, with whom Mr. John P. O'Brien and Mr. James A. Donnelly were on the brief, for Wallace, District Attorney.
Mr. William L. Ransom, with whom Mr. John A. Garver, Mr. Charles A. Vilas and Mr. Jacob H. Goetz were on the briefs, for appellee.
This appeal brings up for review a final decree entered November 19, 1920, which adjudged that in so far as c. 125, Laws of New York of 1906, prohibited appellee from charging and receiving more than $1.00 per thousand cubic feet for gas delivered and sold in the Third Ward, Borough of Queens, New York City, it was and had been confiscatory since January 1, 1919. 269 F. 277.
After taking a great mass of evidence the Master reported that the actual cost to appellee of manufacturing and distributing gas exceeded $1.00 per thousand cubic feet and that the challenged act was confiscatory. With this conclusion the trial court agreed and entered an appropriate decree. We find no sufficient ground for disapproving the action so taken, and it is accordingly
Affirmed.