Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1909-02-09
ANNUAL MEETING OF THE
WAUSAU TELEPHONE CO.
Wonderful Increase in Business and in Earnings
During the Year 1908. The Automatic the
Best System in the World

The annual meeting of the stockhold
ers of the Wausau Telephone company
was held in the supervisors room a.
the court house on Tuesday evening
last, and was well attended by those in
terested. The meeting was called tt
order at 8 o'clock by Nathan Heine
mann, president of the company. and
after the reading of the minutes of the
last annual meeting, the annual state
ment and report was read by w. w
Albers, and the same is published in
full below and speaks for itself. Per
haps no better report was ever rendered
the stockholders since the organization
of the company. The company was, al
it's start-fourteen years ago-capital-
lied for $4,000 and this was increased
to $4,000 when the change was made
to the automatic four years ago. In
the entire rebuilding of the outsid con.
struction of the plant, and the Install
ing of the automatic system. fully $780,
600 has been expended, with the in
crease of the capital stock and the earn
ings of the company the bonded and
floating Indebtedness has been reduced
to $4,000. Not very much had to be
expended in construction work the past
year and the company was enabled to
pay off $4,000 of its Indebtedness and
81. 900 in dividends toits stockholders.
AS will be seen by the report, the direc-
tors recommended that an increase in
the stock be made to nearly the full
value of the plant and that stock div
idend be declared As it requires a
two-thirds vote of the stockholders to
carry this proposition, and mas much
as there was not that amount of stock
represented, 1t was voted that when
this meeting concluded its work that it
be adjourned until the 18th inst, to
consider the matter of an increase in
stock and in declaring stock dividend,l
as recommended by the board of diree-
tors. 1t was also voted that previous
to that meeting copy of the constitu-
ton and bylaws of the company be
placed in the hands of each of its men,
bers and that complete inventory of
the plant accompany same.
1t wac voted, in view of the fact. that
the managing of the plant. requires
much more attention than formerly,
and that the duties are increasing each
year, that a salary of $500 be paid yearly
to each the president and treasurer;
$500 to the secretary and slO0 each to tho
other directors.
The following board of directors was
elected to serve for the coming year /.
Nathan Heinemann, e. ID. Jones, w.
w. AIbers,- James Montgomery and Il.
b. Thayer. The meeting then ad
journed to meet in the supervisors
room, in the court house, on Monday
evening, Feb. 18th.
The directors were called together
Immediately following the stockhold-.
ers' meeting and among other business
transacted, elected the following Off
GERS for the ensuing year:
Presiden.-N Heinemann.
ce-Pres.-E. b Thayer.
Secretary-James Montgomery.
Treasurer-W. w. Albers.
Counsel-G. ID. Jones.
ANNUAL REPORT OF THE wAgsAU TELE-
PHONE COMPANY.
,WAUsAU. Wis, Feb. I'd, 1909.
Stockholders of Wausan Telephone Co.,
GENTLEMEN: This company's busi-
ness for the past year has been very sue
cessful. We have largely increased the
number of instruments in lse, I've have