Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-04-11
PRESIDENT BRYAN's ANSWERS.
Responds to Questions Affecting ,
and p. Telephone Compauy.

and p. Telephone Company.
The subcommittee of the House appro-
priauon committee. charged with the teie-
phone investigation, has received from
President Bryan of the Chesapeake and
| Potomac Telephone Company answers to
questions propounded by the committee at
Its last meeting, showing in detail the
| amount Of cash expended by the company
Tor actual construction of its telephone
| plant in the District of Columbia during
each year from its organization
The totals are: For eleven months from
August, 1883, to June 30, 1885,, si2, 56l 20:
| Tor nine months. July /, 1884, to March 81.
1885. 81, 55.4S; for nine months, ended Dc
cember 81, 1885. s34,9Go.51: for year ended
December 81. 1886, s22,5sl 40: for year end
ed December 81, 1887: sl2.7oo51; for wear
eLded December 81, 1855; 81 44S. Is; for wear
ended December 81, 1889, 81. 694. g.: for year
ended December 81, 1893, sI3 ,.2ou3: for year
t tSsi' S9'sIs;i IA; for year 1882, s74,14o51:
ior year 1893, Sl1,16505: for year lSa;
st6,sii:44: for year 1885. si1S5.oi; for year
1879, s',9,S.33; for year 1897, ended Decen,-
Der 81. s., :}6436
Net amount expended by the company
Tor actual construction of plant for the
peilod, Sal, 42655; for real estate sac
1904. WIZ
The report goes on to show that the cash
mus expended was received from sources,
as Io'ip~s: From original issues OF $40 ON,
of capital stock, realized cash and cash
assets, sii.2i4.!i3; contribute out of pro-
ceeds OF sale of mortgage bonds Sieo ono.
Washington proportion, two-fifths ts40o go
OF ponds sold at 80 Per cent, the discount
Alo@ was charged to the surplus account)
via cco Amount contributed cut of pro-
ceeds of sale of mortgage bonds sla3 GOO.
Masninetcn proportion, two-fifths tslOooOO
OF bonds sold at 103 per cent, the premium
$5,Ulo credited to surplus account Sal 200
Total. SAT- .5SU94
Capital stock outstanding ran-asap,;rey
the District of Columbia plant is shown 10
DC *'1o,ooo issued August j, 1883 for the
Ioiiowlng consideration: Cash 1901 ~:
aEeounts receivable, S9.l2S.22; supplies, 3d.
0lS24; stock National Fair Association oaa
share. 500. Total, So. 44S.93 Less ac-
counts payable. SIS, 113.32 Net cash assets.
~ -'S'4't Cost of active construction of
plant prior to August i, 1893, xyl 1921:
franchises, licenses, right of way, ETC.,
$5Sl ,534.S6 Total, $3.50 600
Tables are given to show the earnings
and expenses OF the company for the four
years ended December 81, 1897. These fig
ures have already been given in lump. The
present showing is in greater detail Civ
ing not only the account by years, but the
average.
For this period the net earnings are
stated as follows: $S0,G17.S7 in 1894: slO4
ls3. II in 1895: S91 03514 In 1886: SIS. 1853 A
In 1897. The per cent Of expenses and
taxes to the total gross earnings in the
same period was as follows: 5S.o7 per cent
In 1884; 1888 per cent in 1885; 81 SO per
cent I'm 1896; SLID per cent in 1897
Other tables are given showing dividends
paid on Washinton proportion Of capital
stock, held by Bell Telephone Company
since July 8, 1883. and a list is given show.
Ing number Of persons in the company
employ in tbs District, with the amount
of salary In esch case, that of President
Bryan being 5000 per aanum
The average AMOUNT per annum paid in
dividends on Washington proportion of
stock held by Bell Company referred to
was 2,51O05: average rate paid b. r Co.,
c.Sd5; average 10 general stockholders, 81