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

InlS VIII Insure Tie use Ol tue tele'
graph as well as its application to
handling of the railway service.
However, the telephone takes the
place, to q great extent, of both of
the other two OF this triple alliance
besides it affords many advantages
not possessed by either the mail or
telegraph, especially, the assistance it
renders iD handling the vast volume
of this worlds business where prompt
and quick. dispatch is imperative.
This should satisfy the investor of
the future use of the telephone and
none of the recent inventions as the
wireless telegraphy, the telegraphone
or any electrical set of signals can
disturb the usefulness of the tele,
phone.
But, on the contrary, ten TO fifteen
years from now the sphere Of the
telephone will be wldened to an ex-
tent not dreamed Of by the majority
Of the public at this time and any
who invest now can be assured of the
permancy and stability of satisfactory
profit.
The greatest mistakes hitherto made
in the independent telephone field
have been in the matter of construc.
tion and equipment. That in equip
ment was due to the existing patents
on the principal parts of telephone
apparatus.
Now, since all important patents
have expired in the telephone field it
is now possible to have equipment
superior TO that now in use by the
Bell and its licensee companies and
in all instances of recent construction
among the independents, the charac-
ter md nature of this construction
has so far exceeded that of the Bell
companies that they have been forced
to pattern after same.
There being numerous manufactors
in the independent telephone field,
the ripe competition so set up, de-
mands par excellence in apparatus
they would offer to the purchasing
public, and this explains the superior
quality Of the improved independent
equipment over that of the Bell which
comes solely from one source and
one where the ambition to improve is
not stimulated as is this same spirit
iu the Independent field.
An additional reason why the in.
dependent field should be more at
tractive to The investor is that the
dividends paid by the American Bell
Telephone Company aro '-vgeIy con-
tributed to them by their licensees
and are doe to the royalty paid year.
ly upon each instrument which the
ilcensee controls, this royalty. equal
Hug uIuUuIru urIO~ tJIIUc -ournUrD
pay for this instrument if placed on
open market.
Since these instruments have prac-
tically to be paid for year after year,
this amount has to be substracted
from the revenues ere the licensee
company can possibly declare divi-
dend upon its stock and this extra
amount comes from the people.
In the Independent field these IN
struments are purchased outright in
the start and have not to be paid for
each succeeding year and this is one
reason the Independent company can
offer and operate its system at
lower rate than the Bell companies
and yet pay the dividend, the Bel
companies contending to the contrary.
The independent movement has
long since passed the experimental
stage and within the next five years
it shall prove the most highly favored
local security IN every community
and now is good time to accept the
situation. ***