The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-13
100000
surplus SOl ,lOU.Ol
SurnluS earnings amounting to over

Surplus earnings amounting to over 6
| per cent on the common stock are being
used in extending the conlpanys lines.
Mr.. Moulton continued II have just had
handed me a partial list Of the Minneapolis
business houses who are using our inter-
communicating or private switchboard
| systems. Let me show it to you.' It
seemed to the reporteri'as if nearly every
| prominent business house in Minneapolis
was representedgI 6AmoTg others he no
ticed the following well known firms:
| F. H. Peavey & Co., Washburn- Crosby
Co., Backus- Brooks Co.. First National
bank, New England Furniture &, Carpet
Co., Goodfellow DEX Goods Co., VIM. DON
aldson & Co., NATIONAL hotel, Evans, Mum
ger, Pickering Ces,5 The Leader Depart
ment Store, Yerxa II Bros, Northwestern
Miller Swedish-American bank, Plumbers
and SteamftterssSupplies Company, Min
neapolis Paper Company, Hennepin Coun-
ty, Security banksb Kimban & storer,
Minneapolis General Electric Company,
Thorpe Bros. & Armatage, Naulhaka flats,
Barnard and Cope, Boutelle Bros. Pioneer
Fuel Co, Leslie Paper Co, Haywood Mfg.
| Co., Minneapolis Furniture Company,
Swedish hospital Powers Mercantile Com
pany, W. K. Morrison & Co, Svenska-
American Poster, H. Kelly & Co., Bradley
Clark Company, St. Mary's hospital,
Brooks Griffith Co.,9E. S. WoodWorth &
! Go, w. P. DeYereauxrga Co., City Court
| House, Van Dusen- Harrington Co., H.
Poehler Company ..:T,..
| Mr.. Moulton continued: ''An this has
been accomplished by, untiring work; the
expenditure Of over $4,000, 900, and adher-
! ing strictly to a policy which we believe is
bound to win popular support" =
|. Competition is as necessary and certain
In the telephone business as in any other
! and only through competition can the pub
! lie secure satisfactory service at reasona-
BILE rates. The experience of the Mime
apolis public conclusively proves this. Be-
fore. the advent of a competing company
the public had been paying 1920 q year for
! a single line business telephone and STE
| a year for single line residence telephone
The number Of subscribers whom they
could reach did not exceed 1000 and
all users of the service at that time know
the quality that was furnished
Believing that it IS impossible to give
good service by. the party line system a!
used in this city we have furnished ever.
subscriber with a private line. We be
lieve that a rate of $48 year for bust
ness telephones, and $50 year for resi-
dence telephones is reasonable and will
enable us to make a satisfactory profit
In eighteen months we are able to furnish
> to. the people of Minneapolis double tn
> number of subscribers which they had un
: der single company at less than half tn
Ecost, and we are told with a much superio
service - e. =
"The future Of the Twin City compan
Is now assured and nothing can proven
!, it from being one Of the largest and mos
prosperous telephone companies in tn
country. q - ~
: "Its brilliant success sets at rest foreve,
! the claims so often made by the Bel
) companies, that the telephone Is a natura
: monopoly and that two telephone com
panies are a detrinent and unnecessar!
: expense; the experience Of the st. Pau
t and Minneapolis public proves exactly tn,
contrary. Before the advent Of Compel
l ton, the telephone users of Minneapolis
and st. Paul were paying, as said before
$3.50 and ,$75 per annurn for single lin
business and residence telephones, and a
even these high rates it was only possibl.
to talk to 1000 subscribers, whereas to
day over the Twin City Telephone lines i
is possible to talk to 5000 for $48 and $50
ut has it's own connections to Du
luth and Superior through the Consol
: idated Telephone and Telegraph company
: and following the policy Of giving the bes
of service at a moderate price, it's charg
; for three minutes conversation is fort
cents. The previous rate had been seven
ty-five.~cents. It has about completed
line to Mankato and next year expects t
begin a system of long distance lines ra
dating to all parts Of Minnesota and tn
Dakotas.
I'm the future as in the past, the polio
: of giving the best service at the loves
rate consistent with a fair profit will b
adhered to, and no effort spared to max
the Twin City Telephone company tn
model telephone plant Of the Unite
States.''Sa ,@
i 7gE5 :. 4 IS Is