Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1884-03-19
Telephone Fortunes.

We can hlffcmember the time when
Bell telephone stock went Begging
and when some of the largest holders
OF today were almost reduced to the
same occupation. If we begin with
Professor Bell, we find him down now
for asnug sum of $5,000,00O. Mr. Blake
bid poverty defiance from behind an
intrenchnient of $4000,00O. Mr.. w.
II. Forbes is credited with about as
much'as both of these gentlemen have
put together, and MrsG- G.. Hubbard
enjoys as the reward OF his early fore
sightand courage upward of SO, OOO,.
poo, Mri Theodore N. Vail, who was
at one time an operator, but was from
the first marked out for positions OF
commanding influence devotes the
little time be SPARES from the man.
agement OF the American Bell Tele.
phone Company to the care of a
a private fortune estimated at not less
thar. $4,000,000 1t is also said that
among the telephone millionares must
be placed Alexander Cochran and
G. P. Bowditch with about $4,000, 600
leach, and. Thomas Sanders with not
less than S2,500,000. -
: These gentlemen have all done very
well on the new Tom Tiddler's ground.
But there are many others who have
found an Ell Dorado in telephone stock
or telephone territory. Take the FAM
fous Lowell Syndicate, and not onei of
its mepbers can complain'Of any ficle.
ness on tho part 'of Dame Fortune.
Mr.. Loren N. Downs is said to have
three. quarters of Il million, and we are
inclined to think that that is not the
full extent of his capital. Mr.. w. A.
Ingham and Mr. J. G. Glidden are
rated at n cool million each, while
Mcssrs. A. A. Coburn aid w. II.
Bent would not sell out under half a
million each. Mr.. O. f. Madden, the
assistant general manager of the parent
company, is rcputed to be worth from
$500, 900 to 100000. Among those
whoChave also pulled large plums out
of theipie, are named the late Governor
Jewell, of Connecticut; w. w. Grape,
aO j. Clifford, and w. Ivers, all of
New Bedford; CIV. Piper and A. p.
Sawyer, of Newburyport; C. Sanders,
of Salem A. d. Swan and Mr.. Knox,
1of Lawrence; c. r. Cutler and j. C.
Clark, of South Framingham Herrick
p, Frost and M. f. Tyler of New
Haven, Conn.,; George Howard and
Henry Cranston, of Providence, r. Iii
7G, L. Phillips, of Dayton, o., R L.;
Stork, ofiNew York; A, B. Uline,. of
Albany; and c. Williams, Jr., of
Somerville. This list could be greatly
heightened by additions from all parts
Of the;oountry, bit it includes NEST Of
thosewho were early identified With
the Introduction of the telephone into.
public use. II is not to be forgotten
that many large manufacturing con.
Germs have done an immense and prof.
liable business in connection with the
telephone, and that the Western Union
Telegraph Company draws annually,
now about $400, 600 as royalty from the
Amoricanl Bell Company, and 49, so
gfeedyas to'want more. - Il q
THE various little sums We have
mentioned foot up TO nearly forty mil.
lion dollars. If they were only ten
millions, there would still be mag.
nifitent yield from the patent in so
short space of time as eight years.
We are not surprised that the patent
is supposed to be worth capitalized
about twenty. five million dollars ;lthat
the money now invested in operating
the telephone is over one hundred
million dollars, or that the rapid acqui.
sition of such immense wealth has
stimulated invention and aroused
oupidity. When the full history of
the early days of the telephone in
America is written it will be among
the most thrilling of the romances OF
scientific invention and its commercial
development. Ben Butler might, per.
haps, after his dark hints, employ his
present leisure in writing that his.
tory.-Electricli World. -.