Word: coinboxes
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Illinois Bell's President Floyd Orlin Hale blamed the action on a U. S. Supreme Court decision last April in which Chief Justice Hughes upheld an Illinois Commerce Commission order for the reduction of coinbox telephone rates in Chicago. The company secured an injunction against the order shortly after it was issued in August 1923, contending that the lower rates were confiscatory. The case hinged upon the question of depreciation. By charging against operating expenses large reserves for depreciation, the company was able to show that...
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