The weekly Thibodaux sentinel. [volume] (Thibodaux, La.) 1898-1905, 1901-07-06
Telephone Investments.

lie cilpp!hS gwen DeiOW Is IrOm
the I'D. of last Saturday
Albany, N. Y, June 2s.-Articles
incorporating the Interocean Telc-
phone and Telegraph Company were
filed today with the Secretary of
State. 1t proposes to connect C!eve-
land, Buffalo, New York City and
generally cities and villages in this
State. The capital stock is SO, 600, 900,
divided into shares of 500 each.
The directors for the first year are !:
Charles II. Stewart, Joel II. Fuller.
Kern F. Gill, Charles B. Stowe and
Burt G. Hubbell of Cleveland, Will
liam T. Morris of Penn Yam and
Harry K. Brown of Hornellsyille."
The above noted action is one Of
the movements now on throughout
the entire country of the investment
of capital in the independent teIe.
phone field. The field for this ap-
plication of capital is a most inviting
one when the condition are well
known, as the principle foremost in
this movement Is one that offers to
the users of the telephone service
remuneration for their outlay other
than merely the telephone service
rendered.
The companies in the different sec'
tions are organized and incorporated
by men of experience in this line and
are capitalized at sufficient amount
to occupy such territory as they mag
intend to cover, and the stock is Of
fered to the public and in this way
to every person or persons likely OF
become subscriber to the telephone
service and then from these subscrip-
tioDs of stock so obtained, the amount
realized is applied to the construction
Of telephone exchanges and toll lines,
necessary to give the required service.
Now the subscribers to stock may
or may not become renter of tele.
phone. but, in case they should they
are doubly benefited In the following
manner.
First-He gets an efficient tele-
phone service at reasonable rates and
in touch with larger number
of people.
Second-He is connected with q
system and movement of special local
interest and IN consequence a larger
local patronage, and again, IN this he
reaches larger number of his people.
Third The. revenues that are de-
rived from the operation Of this sys-
tenn, after paying the operating, main
tenance and the improvement expen.
ses, are applied to paying dividend
op-thn sfaaE snhScrihnd- AID in sncnr
ing this dividend, his service is prac
tically given hlm at a cheaper rate.
To answer the question that may
arise viz: What assurance can be
gwen for a permanent profit give
the following assurances.
First-The necessity of the tele-
phone to the business world.
Second-The rate charged for toll
line and exchange service.
Third-The character of the con
struction and equipment.
Fourth-The profit and benefit to
the user of the telephone securing
continued and increasing patronage
All fair minded people must admit
that the telephone completes the
triune of business necessities; viz !:
The mail, the telegraph and the tele.
phone the three great means for the
transmission of thought; the three
great giants that have practically an
initiated distance.
The mail provides the greatest sec
recy and of course will always be
used especially in afaire damour-
The telegraph is necessary for
Quick transmission when record
may be required to be used in any