Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-02-23
Report Shows the Gross Earnings
For the Year to be Over
SS6s, 600.
Gov. WHITE ELECTED DIRECTOR
Chief Executive Of Montana Succeeds
Charles w. Clark on the Board
Officers Chosen.

The Rocky sIountaln Bell Telephone
company held It's annual meeting this
morning, In the Office Of President
George Y. Wallace. The report Of the
president was In the highest degree
satisfactory, especially the part show
ing that the Increase Of general busl-
ness was % per cent greater for the
financial year just closed than during
the previous year. SO that both stock
holders and directors were In a very
eomplacent mood, and the fact that an
ether company Is building with a view
to compete, did not occasion any uneas-
mess. In his annual report President
Wallace showed the earnings OF the
teephoneic exchanges TO have been
$i1S,S32.6S; toll earnings, s3ZAllViSi
miscellaneous earnings, SbO'z0O5t'
gross earnings. SSoS li4.i2. The
total expenses amounted 70 S6iS.lOl3I,
making net gain Of s2l50i2.73. The
dividends paid amounted TO $lS4,S6J.5O;
balance to surplus, sSOl1925
The report showed 23 new exchanges
established during the year, 2,SlO new
toll line wires strung. $3.50 new sub
scrlbers added 200 OF these being in
Salt Lake. The total number OF sub
scribers on the system now amount to
10000. There are 10000 miles OF toll
lines In operation, 90 exchanges, and
'2,727 toll stations. President Wallace
also said:
II especially call your attention to
our long distance lines, and II Is with
much pride that / say, that IN the
state OF Montana there are but four
places Of more than 500 people where We
have not exchanges, or which are not
reached with our long lines, Columbia
Falls and Kallspel In Flathead county,
Glendive In Dawson county, and Havre
IN Choteau county
I'm Idaho there Is not a city, town or
village Of more than 500 people, where
we have not exchanges or toll line con-
nection. In Utah. We are connected
With every city, town and village Of
moro than 500 people, except the fol-
lowing towns IN the eastern and SOUTH
eastern part OF the state, viz Vernal
In Wasatch county, Scoheld, Castle Gate
and Price In Carbon county. Castledale
and Huntington IN Emery county, Pan
gutch and Escalante in Garfield county,
and Kanab In Kane county
"ln Wyoming We have exchanges,
and QUE long lines cannect with every
city, town and village OF over 500 people.
excepting Cambria and New Castle in
the extreme northeastern part Of the
state, In Weston conntM
IL believe the people appreciate our
efforts and enterprise IN building these
long lines, and while they may not be
very remuneratlye nc present, these
several states constitute our territory,
and we are bound to do our part to-
wards their development There Is so
little left to be done that ! hope within
q short time, we can say that every
city, town and village IN the more than
400, 900 square miles. which constitutes
the territory Of this country, Is con-
nected with our general system. And,
having accomplished so much why
should we not push on until we can
say that every mine, shaft house, min
ers cabin, every farmer or rancher, as
well as every business house or profess
sIonal man, ls brought into talking dis
lance with one another by the medium
OF our exchanges and long lines,
The report WAS received and filed.
The stockholders reelected the OLD
board OF directors, with the exception
OF Charles w, Clark OF Montana, whose
place was filled by the election OF Gov.
y. +. White Of Montana. The directors
organized by electing these officers
President, @. Y, Wallace, vice presi-
dent, G., NJ, Downey; treasurer, w 5,
Mccormick; secretary, II, c, Hill; gem
eral manager. ID. $. Murray; auditor
j. r. Ferguson assistant treasurer
John Flowers; assistant secretary D..
z. Murray.
AZ the business OF the year was not
entirely finished, there viii be q meeting
OF the directors shortly to complete
the work.