Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1913-08-27

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the Uaaa4 states its as ~
ransrehsrssss aas r1sspsa tee
se1s asrgios fa So ser.t as aase
e- B-l nan4ars ~ santa-as
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70 remors any sosslhle excuse t1
e - ggreAeasl1a en acco41t fee
Imany misleading ssa'eme1ts aae
have beea circulated 81 q tae a
fIsEsd unnecessary ard oVsrcsE-tsls
zatloa and excessive charg-s 9 tAe
Bell system. ne folloEing statistics
ARE gfgsa Except Ehere state. the
lfgures are for the Bel system t44t
Is. ire American Telephone aat Tel
egrapa ard rs associated companies
u The entire Bel system ca June -.
1913. had outstanding in the hands
q the public obligations li p u0tes
lopen accounts. bonds and shares
Ito the par ralae y Ts119@ga-
The book value Of the total tzngt
BE assets. which Is considerably less
!. THAN their replacement vslus. amount
/, I'd 10 $3.50. Coz. 90 Many appTaiszls
I. lof property included in these assets
have been made. and most Of them
under the direction OF public author
lties. In no case has the valua as il
!. stands on the books failed to b sus
+. tanned. and in most cases It has been
4. Ivery largely exceeded.
81 The total dividends and interest
4 paid during The rear 1912 amounted
! TO only 81 per cent on the sversgF
) o. its outstanding obligations. and a
less than 5 per cent on the ayerag'
= value Of its assets.
The actual cash which has beei
]. paid into the treasury Of the Amer
! can Telephone and Telegraph CON
I. pany on account Of the capital obi
= cations now outstanding amounts 3
- 81. o00. 900 more than the par o
= such outstanding obligations
a. The associated companies eollecte
n. from the public and paid back
to taxes over 10000. 900 during the yea
On 1912.
N The steadily increasing necessitie
I'd Of the public not only FOR addition;
~ but for new telephone service ca
as only be met By new construction, il
to Yolving capital outlay. To meet thes
.e. demands during the six and one-ha
air years from 1907 10 June. 1919. incl
in sive. the increase in telephone plaI
he vas as follows: Toll line wire Il
ey creased from 100000 miles 70 2.24l
re- 900 miles; exchange wire increase
de- from 5000, 900 miles 10 l3.000.00l
Ter the number Of exchange stations /
grt creased from 2.730O00 to 5.20o.o0l
be the number of stations Of independei
en- companies connected with the Be
in system increased from $4,000 to
ing 500. 900. The number Of independe
on companies connected with the Be
OF system is about $4,000. The numb
OF employees in the Bell system. n
be- including the employees OF connects
lie companies on December 81, 1sl
be was $4,000.
Eft During this same period the nul
en- Der Of shareholders Of the Americ'
and Telephone and Telegraph compan
hue not including either the associated
ub- connected companies, increased fro
in Il 900 to about $4,000. About 40
be shareholders hold less than /
or shares each: $500 shareholders he
from 100 to 1000 shares each. 3
soy- shareholders hold from 1000 TO 50
the shares each. while there are only
ion shareholders OF 5000 shares or oy
not in their own right. A majority
npt the shareholders are women.