St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1908-10-28
Statement by The President
OF THE
Citizens Tel. & Tel. Exchange

In view of the present agitation respecting telephone and
tadbare that the Citizens Company try
ing to- sold the Independent telephone business
success the OF the Citizens Telephone
Telegraph Exchange operating St ohnsbury and Caledonia
County feels called upon to state ITS position ana TO make lew
observations upon situation This will not take the form OF
controversy and authorized details regarding the accuracy of
involving financial questions will be given to anyone
who seeks this Information from legitimate reason affecting their
individual investments.
fundamental questions applicable to all business apply
will determine the ultimate this well all other business
enterprises.
Frst-Is there a demand for the service?
demand for the service proven by list of
subscribers.
Second-Why?
Because our rates satisfactory service sufficiently low
to place the within the reach of everyone.
Thrd-Can the service be furnished prohtaby upon this basis
and the time insure safe investment to capital?
Absolutely yes Eliminating bombastc selfsuhciency which
high and attending business at
per upon the investment which consider tar
upon capital and the time set aside out OF net earn
ng ample percentage provide for depreciation We
thoroughly familiar with the necessity tor making adequate
vision for this item
Fourth-s upon the part of capital for the in
vesment?
We see no reason believing Capital will seek
investment enterprise which its ability oinure two
condtions security original investors, and fair returns
upon the The telephone business Sound
methods the OF this other
business Public admittedly the most desir
able safest and surest of ventures Not bank the
country the hands of those wholly unfamiliar with banking
could keep OFT the financial rocks and tor
banks ccularze the community trying investors by
rasca by represented have been
caused by being Improbable have than bank and
that bank MY BANK" would be method too nanle
anyone above the mental plane of its egotism.
Would the Citizens Company sell out? not authorized
for individuals 1t would foolish ad
stock can't be bought advertise they're try
ing sell u.s. We really said before endeavor
mind business and the influence
goes we shall be doing business Just long
ised with their There large of capital
available branch the telephone business which not hand
led by local plants any the present time and which
OCald
ahead
plant be increased so per during the year.
and percentage OF earnings increased thereby but this will
be done only through investment OF added capital as the
management will allow income to be used in the
tension of the plant when it rghuy belongs present
dividends and surplus fund take
of depreciation.
We believe there better business opportunity nth county
Caledonia than this enterprise and that offers the
public a which nsures its pemanence.
Ithas notice and have proof of several witnesses
substanate the that representatives seeking
tracts for the other state positively that only
lines and INFERIOR but that sold stock to dividends
this last also that majority of stock the Citizens Tel &
Tel Exchange owned outside ofSt ohnsbury and another
that the Citizens Company borrowed the money
dividends
Now will personally pay 1000 anyone proving any
of the following statements
FrstThat the Citizens Tel and Tel Exchange did Dor
dollar either pay dividends for any other purpose
the last year from any and does dollar borrow
ed today and this offer open who claims have
made any such loan
SecondThat this company only did sell stock and
the money for dividends but instead did the money derived
from such sales of stock for entirely extensions the plant
and that dollar expended has increased the earning
capacity of the plant.
Thrd-That the controlling interest now has always
been owned by citizens of ST. Johnsbury.
Let say conclusion that the threatened raise rates
only suggestion of what the other company would do they
able to eliminate competition this county Therefore you
know which side your bread buted support the Citizens
phone.
ELISHA B. SEELEY
President