The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-03-19
Summary of the American Telephone
and Telegraph Company's Annual Report

shares held by each stockhoder at the close Of 1912
shown TO be &c
The number of shareholders the books Of the American
Telephone and Telegraph Company the close of the last
50297 which indicates year
1856 The following extremely interesting table shows just
how the stock of the distributed and the number
Of shares held by both large and small holders
1858 held less than 100 shares each;
1854 held from to 900 shares each;
3o6 held from 1000 to 5000 shares each
10 held 5000 shares each (omittng brokers
and holders in investment trusts, etc.
Of the holders of less than 100 EACH 945O held
shares less each 81 953 held % shares
The report tells of the plan announced January 1
last for Employees Pensions Disability Benefits 1nsur
adopted by the American Telephone and Telegraph
Company, by its associated companies by the Western
Union Telegraph Company and by the Western Electric
Company For the purpose of inaugurating these benefits
the American Telephone and Telegraph Company made
initial appropriation Of 100000 There about 100000
empoyeesmen and the service the companies
concerned who will be directly indirectly affected by this
provision. The plan has been elaboraey worked
will it believed result in the happiness
betterment Of employees
The company worked hard to secure the longpanned
ocean to On this point President Vail
Experience with the engineering devices and methods
employed the New Line having
their value under practical conditions, systematic
introduction Of these improvements undertaken and
actively prosecuted throughout the United States that
the end Of 1912 there total "a miles of
heaviestguage wires equipped with the arrangement
thus doubling their transmission efficiency, and in addition
to this there obtained without any expenditure for
wires phantom circuits equivalent to 260O miles of the
circuit These improvements have brought
into communication with each other places formerly
mote, and between great number of places remote
noteworthy improvements the service have been reported
Engineering plans have been completed for the
of four heavy copper from Denver San Fran
and construction work as soon as
weather permits
In thirythree different there public
and other state which the telephone
This supervision entirely distinct from the
the interesting letter addressed by Attorney
Wlckersham to the Chairman Of the Interstate Commerce
Commission at Washington touching the activities of the
company and also the order made the Interstate
Commission of January 18TH last directing thor
ough Investigation be made concerning the history
financial operations the rates. rules regulations prac
tices of telephone and telegraph companies subject
Act to Regulate Commerce with TO the making Of
comprehensive report and to the Of such order
ORDERS may be necessary such determinations
and make applicable reasonable rates and practices The
policy of the company the past will be cooperate
with the examiners conducting this investigation and aid
public officials every possible way in their effort
the real facts respecting the telephone service of
United States.
President Vail says in conclusion:
GAS to future Of the company was never brighter
Business indications normal relations with the public
and with the public authorities mutually satisfactory
basis.
ports is complete division the work is so
clearly drawn and closely correlated local
administration Of the associated companies and the
general administration of the American Telephone
graph Company that there is duplication Of effort
fct in administration