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MILWAUKEE & S. T. CORP. v. PUBLIC SERVICE COMM.

268 Wis. 573 (1955)

MILWAUKEE & SUBURBAN TRANSPORT CORPORATION, Appellant, vs. PUBLIC SERVICE COMMISSION, Respondent: CITY OF MILWAUKEE and another, Intervenors.

Supreme Court of Wisconsin.

February 8, 1955.

Attorney(s) appearing for the Case

For the appellant there were briefs by Lines, Spooner & Quarles of Milwaukee, attorneys, and Maxwell H. Herriott of Milwaukee of counsel, and Madigan & Thorsen and Browning & Parkin, all of Chicago, Illinois, of counsel, and oral argument by Mr. Herriott.

For the respondent there was a brief by the Attorney General and William E. Torkelson, chief counsel for the Public Service Commission, and oral argument by Mr. Torkelson.

For the intervenors there was a brief by Walter J. Mattison, city attorney, and Harry G. Slater, first assistant city attorney, and oral argument by Mr. Slater.

CURRIE, J.

On December 30, 1952, petitioner purchased the tangible assets comprising the Milwaukee metropolitan local passenger-transportation system from the then owner, the Milwaukee Electric Railway & Transport Company, for $10,000,000. Under date of December 15, 1952, the commission had issued a certificate of authority authorizing such purchase, and retained jurisdiction with respect to the accounting entries to be placed on petitioner's books to record the...

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