The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-02-12

indicated there stock
have fixed charges the pre-
ferred stock abnormal charges safety
strength Our books and open
all times that 'he may charge
make profit possibly in
of the facts figures herewith submitted which prove
concusivey that our rates are reasonable because bev are uf
clen only return fair actual investment
and this investment be subtanated careful Of
property either by Interested dsnteresed investigators
1t noteworthy that those with political purpose who seek self
are careful to avoid an analysis of these figures
o. challenge refute them.
corporation in United States fuller more
complete stockholders general public
than this Company does both annually and from time time be-
annual periods large number of stockholders
people OF small whose little all the matter of
invested with is only natural that such investors should
feel mid and alarmed when attacks made the dpostary
Of their funds largely the small stockholders that
these few paragraphs written.
of with Telephone and
Telegraph Company there the minds of idea that
less foreign corporation and that because OF this
receipts leave this Western country that that the
money paid for telephone largely goes territory
This s wholly mistaken idea
Hundred Forty-Five Thousand Nine
Hundred and Sixty Dollars and Thirty -Four Gents $35960
paid back directly salaries and employees residing
territory The percentage of gross receipts applied
salaries and equaed by public Company
in the country
Other items operating and expenses light
The large number and propoona holdings of local stockholders
this company well known that will be readily understood
goody portion the available for dividends
likewise locally dbursed 1t will be evident from the fore
going that The Mountain States Company
character
industrial health Of the Rocky Mountain region.
salient past years experience
has been the rounding out of territory by the acquisition of
practically all Of the telephone properties Arizona think
generally this its admission the Union
rapidly forging the all of those attributes which char
Western development The establishment Of large
irrigation projects has done much enhance its agricultural
ducon addition to its we'll known prominence mining and
stock raising
telephone properties wholly
identified with the Bell system and Bell progress nsght be
deemed best for all decided round territory by
their addition to the Mountain States group Our experience IN
taking these properties somewhat and the
educational Arizona the only State the Mountain States
Corporation Commission with broad jurisdiction
telephone properties and naturally approached the
iaons for the with trepdation However most
satisfactory result has been obtained with the intelligent
Grafton the Commission which has evidenced keen desire
work with rather than for against Company the effort
result found sufficient explain
and confidence the Commission and
Intentions and the methods proposed only just to state that
somewhat surprise the short time the
opened succeeded eliminating number
usually designated irregular and
discriminatory probably to greater proportonae extent IN A
than elsewhere territory This result only be al
rbued the fact that the Corporation law OF that
administered in fair capable and Intelligent II
like administration will result from public utility acts those
States territory whose legislators have Public Utility
Commission laws under consideration stockholders need have
hesitation in commencing this form of legislation
In closing this brief of the important features
business during the past wish to commend the 10y
atty and the efforts of OF employees Largely them
the successful results of the To ecprocae
this loyalty and devotion plan for Employees
Benefit Fund has been adopted which will include life
and accident and sickness and disability benefits Much
has been TO this plan the public that
unnecessary go its details empha
like Of strongest
possible only by association with The Telephone
Respectfully submitted for the Directors