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


81 the Mountain States Telephone and
Telegraph company:
Tie Mountain states Telephone aud
Telegraph Company
tSystemD
tsecutlyc Officc. Telephone Isslisiing.
1877 Champa street.
Denver colo. Feb. ~ 1913.
To the Stockholders.
The following statement submitted
10y ne on behalf Of your board OF
directors, exhibits thv financial con
ditiuu Of the company, December a.
1919.
en- that date We had. IN our "niire
territory 37O ENchangcs furnishing
service To- tSf.6BS Exchange Stations.
Including Lg93 Toll stations. In addi
ton 90 these tSl,6GS Exchange sta
tluns there are $3.50 stations con
ue,tcd with our system on the lines OF
CONNECTING companies. making u To-.
tai ~ 203.UGS Subscribers stations ~
service on December 81. 1912. an In
crease OF 3U,266 during the year. or
n total increase of tN.i23 stations
since the merger of the Colorado
Telephone company. Rocky Mountain
Hcll Telephone company, ana the
Tri-Statc Telephone and Telegraph
company. nn july 81. 1911; a gain
OF almost % per cent since the MGR
xor. The total miles of exchange
aud toll lines as of December u.
1919. vcrc iOg.GtN.aa. an increase OF
tOl.S3l7G miles Tor the year Tn
lu,rcHs" alone being more than four
tunes the circumference OF the curth,
aud the total wire mileage sufficient
tu go more than twenty times around
the earth. Total mites oi exchange
and toll wire underground on DcCCm
bcr %. 1919. were lAO.H2H. %. Total
miles of toll lines on the same dut'
were 1iatG.OG.
because ct the cumparatit"ly hri,i
period which has clupscd since tho
formation ct the Mountain states
Telephone aud Telegraph company T.,
some comment on m, balance sheet
which follows BE- probably essential
To a. thorough understanding ut a.
An examination at tho hHlrrC"
sheet of the system ui tn" MuUh...iu
States Telephone and Telegraph com
pany. submitted herewith, will ind
cate To- stockholders the great in
crease In tho magnitude ~ the com
panv Since my last report of the
Mountain states company We haze
acquired an the Brll properties IA
AriEuna. so that our operations nov
cover the seven great states of Colo
RADIO. Utah. Idaho. Montana, WSou-
ing. New Mexico AMI Arizona, with
toll lines into all surrounding states
Stockholders OF the Mountain states
company, who vcr, holders 81 Colo
RADIO T'lcph"u" ,ompan, stock prior
go the merger iu t9ii yin recall that
IA ms letter uf JulN 20. 1911, To- cot"
tudu Telephone company viu,khvlu.
ere. { referred Goo thn advantages Co.
lee secured through % wider distrihu
ton 81 or general Investment pur
futng the policy then commenced. TIA
AIfafH NHH II H..fs ma h#HH a.
banded. until ~ ie today corpora
ton With outstanding capital ~tori,
prHvticHNN 20 tunes as great 90 the
entire issued capital stock of the
Colorado TclCphou" company ut the
TIN" the merger VH" effected The
benefits of this broadening ot invest.
mcut Hocru, alik. tu those whose
Mountains states Telephone holding
come from their former iuNvstm 'ut
lee Colorado Telephone. To- holders of
Rocky Mountain Bpll shares (Which
they exchanged tor Mountain state =
stock, ana also Ia thu-r who have
invested ln our shares sine" the mCr.
ger was effected.
There Was outstanding December
~. 1911, Hs shown hy my last annual
report. t2u.36i. 3Un.UH ~ Mountain
states stock. Though the average ~
outstanding capital stock fer tho year
was flS.HGu. NS0.nO. For payment ul
dividends. during tHit there vd.
Hyailahl" tl,N67,2ga.i2. against sn tr.
tual dividend payment "t tiO22,59s.
~ leaving tor 1911 Ssti,Ga521 Tor
surplus and reserves
n viii be noted that December 80.
1919, there Was outstanding t26.aai-
'00no IN stock. representing an ia
crease 81 fG,GGa. ao0 90 from figure
iu NV last annual report ~ this
Increase. ti.25N. 7nn 90 was ISSUED IN
neccuhcr. tgie with dividend ohl-
cations against II commencing Jauu'
airy /, 1918
The average capital stock outstaGd-
ing during the year 1912 Waa S2C,-
tjH. 3tiuh. During that year Their
Vss a,ailabl" S2,5t3,3TO77 for pay
mCW ~ dNiduud obligations viii, Il
reached the actual amount 81 81
HhIA3i.ON, leaving for 1919 u bal.
ancc of S926SJG75 to reserves aud
surplus
Ia the report of tho Mountain
States company. Hg of December 80
1Pti, our statement showed payment
"u account of capital stock subScrip'
tions amounting Go more than ST.
.jN,o0n.Ou, the shares for which
we're not 60 hc issued aud delivered
until January, iHl2 The Mountain
states system report for 1919, coming
40 u time when No such item at cssr
subscriptions 10 capital stock appear.
uu our hooks. cue cash Hud dcpoaitl
L"Ccssarily show large reduction
amounting 10 more than $3.50. 600
pur real estate holdings show 40
increase during l9t2 nearly $500, 0JO
our tol"phonV plant, practically 81
.dh, h0o.O 90, uur supplies. furniture 1ut
tools more than $3.50, 10000 aud uul
stocks ana bonds Ia connecting com
paniCs. FROM which W. derive busi
ness. almost 81 .OOO. 10000,
With the growth Of the company
aud plans under way to continue The
policy Of diffusion Ia which I hay,
above referred. our bills payable show
an increase of something more thai
s225, 100000. Accrued liabilities ne
due, some S65O. 10000. includes al