The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1913-03-19

The number of shareholders OIL the books Oft the American Telephone and
increase for the year of 295s, The following extremely interesting table
shows just how the stock of the company is distributed ad the number of
shares held by both large n small holders:
1853 held less than 100 shares each;
1854 held from 100 to 1000 shares each;
1856 held from 1000 to 5000 shares each;
10 held 5000 shares or more "a (omiuing brokers and holders in in
.vestments trusts, etc.
OF the holders of less hn 90 shares each, $3.50 held 5 share o. less each
3l953 held 25 shares or less each.
The report tells of the new plan announced January list last fol EMPLOYEES
phon IN telegraph Company, by its associated companies b the Western
purpose OF hausWaun thse benefits the American Telephone and egra
Company made a initial appropriation of $2oOoooo. There are about 100000
will be directly or indirectly affected by this provision. The plan has been
deliberately worked out IN will, it is believed, result in the increased happ-
ness and bettTment of employees.
The company has worked hare to ecure tn long planned ocean 20 ocean
service On this point President Vail says:
Experience with HI engineering devices n methods employed in the
u uM condnions 81 suptem nasng ra momsnne eq t 1mea value unaer severe s upaar
end of 1912 there va a total of 5a,75o miles of the heaviest gauge wires
ency, and in addition to this there a obtained, without any expenditure for
new wires phantom circuits equivalent to 1860 miles of the heaviest gauge
circuit These improvements have brought into communication with each
other places" formerly too emoteY n between a great number of places less
ngneerng plans AVE been completed for the extension of our heavy
copper wires from Denver to San Francisco and construction work is to
In thhtythree different states there are public service and other state ON
missions missions which SUPERVISE the telephone service This supervision is entirely
sham to he chairman of he 1 1tta ommerc H c TuwsJ o at W. h hnrtan
state Commerce Commission as of January 18th, last. directing that a thorough
investigation be mac concerning tn history, the financial operations, the
rates, rules, regulations an practices Of telephone and telegraph companies
subject to the Act to Regulate Commerce, with a view to the making of a
prehen epor m to thu issuance of such order, n orders rs may
be necessary to correct such determinations n make applicable reasonable
o pgne W n ue hammer onaue'h TINS investigation to aid public
officials In every possible way in their effort to ascertain the real facts
President Vai avs in conclusion
As to the future of the company, it "a never brighter BUSINESS indica-
lions are normal, u relations with the public n With the public authorities
on a mutually satisfactory basis.
The organization o. the lines set forth in previous reports is about com
plete and the division of the work is so clearly drawn and sc closely cor
related etweent tn local administration of the associated companies the
central generals administration of h American Telephone n Telegraph Com
par tina here is ne duplication Of effort or conflict tin administration"