The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-06-30
Continued from First Page.)

authorized for the full value or for a sum
very much In excess Of the value of the
plant meaning the Independent plants. Up
TO the date of January LIST, 1903 the Bell
exchanges, the Sunset being one of their
companies. had 1,277 9S3 subscribers, their
companies are capitalized for $373. 5S3, 900.
The capitalization per subscriber being SALT.
AL the same date the Independent ex-
changes throughout the United States had
1870, 900, with capitalization of 5000, 10o,-
600, with capitalization per subscriber of
Sl46. This report is taken out of telephone
journals. II also shows that there are
more Independent telephones throughout the
United States than in the Bell system
The next statement of Mr. Glass is to the
effect that the Los Angeles company is not
making interest on its outstanding bonds
and dividends being paid the stock. This
Is baTefaced falsehood. A statement made
by the Home Telephone company of Los
Angeles, TO its stockholders in March. 1904
Is as follows: Number of telephones in
operation March 10. 11,747, with 5000 APP
pllcatlons on file, and being taken up as rap
IDLY as instruments can be installed. The
financial statement is as follows: Gross
earnings for three months ending December
81, 1903, $61,633.71; operating expenses
insurance, taxes, maintenance of the plant
etc, SZl,949.1O, leaving net earnings of $45,-
6S4.61. Interest bonds was S23, 1926 (:
available for dividends or increase of plant,
$ZZ,509.6l. Gross earnings for January.
1904, 25,11l52; operating expenses, taxes,
assurances etc, and interest on bonds $15,-
63l.95 available for dividends or increase
of plant, $10,079.57.' The statement also
quotes the dividends of per cent on the
bonds and per cent on the stock
HIS next statement in referring to one
made by myself in my advertisements in all
the papers in Tacoma that the Sunset COM
pany has less than 1000 bonahde subscrib-
ers in Los Angeles, that statement still holds
good. say bonaide subscribers that dom
mean the slot machines or instruments that
they put in free soon as the Independent
companies drive them to that issue.
They also have in their directory book
great many names where the people have
ordered them to take the telephones out
say once more. that the Home company of
Los Angeles has over 1000 bonafde sub
scribers, signed applications and every one
is a main line subscriber-no party lines
Whatever. Twelve thousand three hundred
OF these subscribers have telephones at the
present time and 5000 subscribers are wait
ing at the present time to have the instru-
ments put in. The poles are all up.
Glass Is Challenged.
Nor. If M. Louis Glass Uice president of
the sunset, iCdRts to hare the tioO above
propositions Investigated by a committee of
three cttg coHncilmen or three reputable ctti-
gems Of Tacoma, ! loiH pay half of the er-
pchSe. he to pay the other half to hare this
committee 90 to Los Angeles, and if the
committee does not find the above assertion
TO be true, will give to any charitable in
stitution in Tacoma that the city council
may name $500 in cash. If the committee
finds the assertions to be true, then Mr. Glass
TO give to any charitable institution in Ia
coma this amount Come. Mr.. Glass,
here is your chance to either do some char
liable work yourself or my associates and
myself will have to do it.
we know too well how many telephones
have been ordered out by the people down
there and also how many telephones are in
there at the present time that the people are
not paying a cent for. We will send you to
citizen right here in Tacoma at the present
time who lived in Los Angeles up to a few
months ago who made the statement and will
make il again that the Sunset directory book
was cut down almost half as soon as the
Home company got in operation in Los An
geles.
"Councilmen. if you want this statement
made to you by this citizen, let us know
We Will also state right here that we do not
intend to offer any of our stock for sale in
the city of Tacoma if we install plant here
We have banks, Investment companies and
investors in California and Ohio that will
take our bonds and stock on any system that
we wish to install.
I'm this article it states that a majority
Of the business men of Tacoma. are against
the granting of another franchise. If the
people will let the two petitions answer that
they will see that the Sunset petition has in
the neighborhood of 700 subscribers and the
--::-
The Central NJ. e. church can take
only $50 persons on he steamer
Capital City on Monday next to Olym-
pia. Will you be one? If so, you
had better go to the French drug
store or Sayre drug store and buy
your ticket. Only so cents, and if
you want to take your boy or girl,
you can get their tickets for 50
cents for the round trip. ***