Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-02-12

In tho matter for bond interest, no
preferred stock, no abnormal charge
81 any kind. lies our safety and our
strength. our books and our sys.
TEN " accounting are open az all
times 30 that che who runs may
read" No charge that We make an
excessive profit can possibly 1o
maintained In tho face OF the facts
shown by the figures herewith sub.
mitted, which prove oonclusiycly that
our rates ara reasonable, because the
are sufficient only 10 return a tah
percentage upon our actual invest
mont, and this investment can be
substantlatod By careful inventory
OF our property. either by Interested,
or dlslnterestod investigators. II "
noteworthy that those with political
purpose. or who seek solf.aggrandi1e-
mcnt, are careful TO avoid an analy-
sis Of these figures, or eur challenge
TO rcfute them.
No corporation IN the United states
makes u fuller or more complete
statement 10 its stockholders. and To
the general public, than this com
pany does. both annually and from
time 10 time between annual periods.
a large number OF our stockholders
are people OF small means. whose Ut
vested with u.s. n IN only natural
that such investors should feel timid
and alarmed when attacks are made
upon the depOsiiary Of their funds. u
IL largely 10 reaEsure the small stock
holders that these few paragraphs ere
written.
because VI our association with the
American Telephone and Telegraph
company. there exists IA the minds ~
some an idea that We are more or
less foreign corporation. and that
l'ccausc Of this. our receipts leave
this western country that NC serve.
that the money paid for telephone
service largely goes out 81 cur terri
tory. This Is wholly a mistaken
idea.
Three million. seven hundred and
furty-fiyc thousand nine hundred
and sixty dollars. and thirtv-four
ctuts N3.7fS.s6O.3b was paid back
ar city In salaries aud wages To- ON
plOycs residing iu our own territory.
The percentage of gross receipts ap-
piled To salaries and wages u not
cuusllcd by any public service COM
IaHy Ia the country.
other Items. operating aud mHiu.
tcnHnre expense, rent. light heat
travelling expense. taxes. cite. ar"
largely disbursed locally The iarg
number and prnportionptc holdings
pf local Stockholders IN this rompanr
" sO well known that II viii be read
Nv understood that o goodly portion
~ the amount available FOR dividends
was likewise locally dishurscd u
win De very evident from thc fore
going that the Mountain States com
psnv n in every way truly local in
character ana management and ~ uo
small fnctor IN IN" industrial health
% tho Rocky Mountain region
one uf the most salient features ut
our past years experience has been
IN" rounding out of our territory by
the acquisition 81 practically al ~
the telephone properties in Arizona
think Y T. generally known that thls
state. since It's admission tu tho
Union, Is rapidly forging {" the front
In al of thus" attributes Witch char.
actcri7' western Development RI,
recent establishment 81 large irrigs-
ton projects has done much 60 en-
nance IT, agricultural production. IN
addition Go its we'll known promi.
hence Ia mining and stock raising
since the telephone prOpertics pl