Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1906-01-04
oranae county TeIephone MeetIna.

The annual meeting Of the Orange
1 County Telephone company was held in
The town ha |, Chelsea, Tuesday, Jan. ID
There were large number OF stock holders
present from all sections where the Orange
county Telephone company reaches.
The meeting was called TO order by the
president, 9. l.. Speare of West Corinth.
For chairman OF the meeting, n. l.. Boy
den OF Randolph was elected.
The president made his annual report.
which was accepted and adopted. X. II.
/ Williams, secretary and treasurer, made
7 his annual report, which was only accepted.
The auditor, George l.. STOW. rendered
MS report, which showed all books, vouch-
ers, etc., to be in proper condition, and his
report was accepted.
The meeting then took recess for din
ner until 80 p. m.
The presidents report OF the Orange
County Telephone company for the year OF
1905 just closed shows that the company
owns and operates 712 miles OF line, to
which is attached 43 miles OF private line,
the ~ miles Of wire being upon GIL miles
OF poles, and connected with 1858 tele-
phones accommodated by 26 central offices
or switches. Besides owning these
switches, the company owns five cheap
switches not now in use and one OF the
finest 50-line drop switches made, which,
we understand, Is to be later il stalled at
Chelsea. There are 1914 shares Of stock
issued, leaving only 2S6 more that can be
issued under the present capitalization.
The company's assets al the present mar
ket price OF its stock, which has been sold
ever since the company wes incorporated
at 80 e above par, is s2S,56S, not including
cash on hand, amounting to s6S2.
Retiring President Speare strongly ad-
vised, as he has for the past two years, the
construction OF through trunk lines and
bettering OF switch service and switches,
and not extending or building outside the
company's present borders until such im-
provements are made.
Meeting called to order again at 80 p.
m. Resolution was presented by Geo. l..
STOW 70 the effect that the lines be not
further extended. This created hot dis
cussion, for and against. The resolution
WIS adopted.
Voted to have nine directors, same as
last year, and that they should be nomi
mated from the floor.
Proceeded to election Of directors, as
iollows;-E. II. Kennedy, Chelsea; DR.. T..
Northiield; j.. B. Adams. Randolph; DIR.
Chas. n. Barber, Barre town; w. & Dan.
iels. Woodbury.; A. l.. Patterson, Wash
ington; z. Y. Lathrop, Wiiliamstown;
Geo. {. Hastings, Corinth.
There were no ballots, and the directors
were elected without contention.
The retiring president recommended
that an equal assessment be made on each
share of stock, instead OF the existing
method OF raising revenues. After con-
siderable discussion, it was voted to assess
each share OF stock 25c., and that each
phone should pay switch fee OF s2.75,
provided that each stockholder should pay
at lesst one switch fee.
The matter OF purchasing supplies was
left the same as heretofore, being in
charge Of the directors.
The directors organized by electing q.
II. Andrews, Nortbfield, president; +. III.
Kennedy, Chelsea, vice president; X. II.
Williams, Corinth, secretary and treasur-
er; George l.. Stow, Chelsea, auditor.