Supreme Court of the United States January 28, 1946, 55 (United States v. New York Telephone Co.)

Mr. Justice Rutledge

delivered the opinion of the Court.

This case presents new questions of “original cost” accounting, which arise from an order of the Federal Com

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munications Commission requiring readjustments in ap-pellee’s accounts. A detailed statement of the facts is necessary to an understanding of the issues.