Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1905-02-14
Annual Meeting Of the Stockholders
of the Wausau Telephone Company.

"AAi %ooooIs1oo uC iudu0 III t6l6p0OU6
service. We believe, however,, the
service has been so greatly improved
oyer what we now have that we
should not wait longer on this ac-
count, and further we believe that
the improvements made hereafter
will be of nature to simplify and
reduce the cost of operation rather
than the convenience and efficiency
of the service itself.
Your directors have been to con
siderable pains and have spent a
good deal of time in investi-
eating this matter, and are
satisfied that with either of the sys-
TENS proposed, in connection with
complete metallic outside construc-
ton, cross talk Will be entirely elm
mated, and efficient and satisfactory
service rendered.
We recommend that your board of
directors be authorized to install such
telephone system as in their iudg.
ment is for the best interests of this
company. We further recommend
that the articles of incorporation OF
our company be amended by increas-
ing the capital stock from so, 900 to
such amount as you may direct, and
further be amended by making such
changes in Articles and Z thereof
as will enable US to dispose of this
stock 10 such manner as you may di-
rect. We recommend further that
the directors be duly authorized to
issue and dispose of sufficient bonds
of this company to pay the remain
ing cost of installing such equipment,
giving them authority to make such
bonds in such denominations and for
such time, and at such rate of inter
est as in their judgement is best.
GROWTH OF THE EXCHANGE.
During the past year our exchange
has grown from $50 phones to 658
now IN use. This growth has been
regular, and is not in any way the
result of special effort on the part of
your directors or our stockhold-
ers. In view of the crowded
condition of our lines and ex-
change, and our growing conviction
that a complete change was certain
to be made soon, we have rather dis
couraged than encouraged extern
SlOns, aud we are confident that with
the improvements in our system re
commended in this report our growth
will be much more rapid. We haye
planned our outside construction
work for a capacity of 1000 tele-
phones, with complete metallic cir
cult, and are installing it on that ba-
sis. La estimating the cost, however,
of the change recommended in our
central Office equipment, we have
reckoned on 700 telephones complete.
Our financial statement shows the
present monthly earnings of the COM
pany 81, 167 or, as against 81, 051. 81
one year ago.
INSURANCE LITIGATION.
We are pleased to report to you
that judgment was rendered in the
circuit court in the actions brought
oy US against the several insurance
companies on account of our fire loss
in February, 1902, for the full amount
of our proved damages. The insur
ance companies appealed from this
decision to thesupreme court, and in
January that court announced its de-
cision, affirming the judgment in the
court below, and we have today been
paid the full amount of said judg
ments, with costs, amounting to
81 265 Al.
Respectfully submitted,
NATHAN HEINEMANN
T.. B. THAYER
JAS MONTGOMERY
G. d. JONES.
FINANCIAL STATEMENT.
The following statement shows the receipts
and disbursements of our company for the year
ending January 1st, 1905.
RECEIPTS:
Cash on hand Jan. LIST, 1904, ..........$ 3,64l.60
received from Wisconsin
Telephone Observation-Disclosures. 447.79
Commissions received from Marathon
County Telephone Co.,............... 1922
Received on sales of toll books ........ 5000
Received from toll messages over our
own toll lines, ........ .............. Sl5.65
Received from telephone rentals. 49,. 12, 81
Received for repairs and work and ma
terial furnished to patrons for their
private use, .................. 69.lo
Total: S17 ,349.64
EXPENDITURES FOR THE YEAR:
Operating expenses including all sal
aries to manager, superintendent
operators, line men, and cash paid
for labor OF all kinds. o,71165