The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1901-01-30

Net earnings 1857, $50. 90
Amount of dividends paid -. $50, $50. 90
Carried to surplus ........... lI000.0U
There have been added 1851 stations
during the year, with total increase
in annual rentals of $49,5S0.97 The av-
erage annual rental per station on the
first Of January 1901 was 1858, being
1888 less than on the first of January,
1900. The toll service of the company
for the year is $193,S391S as against
$174,2711O for the year 1899, an increase
of s19,56S08.
The chief event in the business his
tory of the company for the year has
been the subscription by you for $3.50 900
of the additional capital stock of the
company. This transaction will be COM
pleted upon the first of February by
the issuance of certificates for this adj
ditional capital stock, on which we
expect to pay the customary dividends
on the fifteenth of next April
The business Of the company has
somewhat outgrown it's equipment in
the larger exchanges, and is pressing
1t hard in some of the second class ex-
changes. The management Is now
!. liking to enlargement of premises in
Bridgeport and New Haven as well as
elsewhere. In New Haven we shall
probably build another building de-
partment. The executive offices will be
none too we'll served when they use all
the space Of the existing building. In
Bridgeport we are ant cipating either
such enlargement of the present prem
ises, which will make it virtually
new building, or entire relocation. In
the small exchanges we have taken oc-
casion as opportunity offered of buy
ing small pieces of ground and con-
structing our own central Offices there
on, thus giving us all the advantages
of local ownership. There has been
and probably will be no change in the
general policy of the company as an
nounced in the annual reports for some
years back that is, that of giving the
best service we can at the lowest prices
which are compatible with a fair pro-
fit.
The year which has just closed, in
closing the century, rounds out also the
first complete term of twenty years of
the history of the business as applied
to the entire state Your board has
ing to make few comparisons of the
conditions of the business at the be-
ginning and end of this period. That
is, on the first of January 1881, and the
first of January, 1901.
Twenty years ago, the detailed rec
ords of the company were not kept
with anything like the completeness
and precision which have marked them
for the past few years. Many ques-,
tons which could be easily answered
about the business to-day, can be ask
ed about the business of twenty years
ago, and no answer found in the rec
ords. But in the report of the general
which was made in May, 1881, |
for the year preceding, we have some
data which can form the basis of inter-
esting comparisons.
At that time the company was oper-
ating six exchanges at New Haven.
Meriden, New Britain, Bir-
mingham and Bridgeport All of these
exchanges had been running about !
three years under sundry manage
ments, and at the time referred To-
they numbered 152S stations altogether.
These same exchanges are running to-
day with total of $S,507 These 1923
stations were all there were in the
state at that time. To-day we have
l5,27S, or just two less than ten times
as many as were operated twenty years
lgo. The total annual rental at that
late was in round numbers, S61, 600
The present annual rentals are in
'ound numbers, s533 900. During the
asst year GSOO) we reached a net gain
Of 1851 stations, which is 1,053 more
han we had in the entire state in 1881.
We have in New Haven and Hartford
alone 1000 more stations that are con-
lected by wholly underground con-