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


Board Directors exhibits the financial condition of the Com
uany December 81 1912.
On that had, territory Exchanges
furnishing 1S466s Exchange Stations including
Toll Stations In addition these 1S466s Exchange Stations
there 1890 stations connected with system the lines
of connecting companies making of 20305S Subscribers
Stations December 81 30255
during year. total increase of 4023 stations the
merger The Colorado Telephone Company Rocky Mountain
Bell Telephone Company Tri-State Telephone and
Telegraph Company July 81 almost 25 per
cent the The total miles of exchange and toll
lines of December 81, 1872 5o66se3 Of
S3176 miles for the year The alone being
than times the circumference of the earth
mileage sufficient than twenty around the
Total miles of exchange and toll wire underground
December 81 1912, 8O929O9 miles lines
o. The date Il ,51606.
of the comparatively brief period which has elapsed
of The Mountain Telephone and Te
graph Company comment on the balance sheet which
probably essential thorough understanding of it
Of the balance sheet of the system of The
Telephone Telegraph Company submitted
herewith will indicate stockholders the increase in
magnture of the Company Since my last report of The
Mountain States Company have acquired all the Bell
operations the
States of Colorado Utah. Idaho Montana Wyoming New
Mexico and Arizona with toll lines into all surrounding States
Stockholders of The Mountain States Company. who
holders Colorado Telephone Company stock prior to the
ger in my letter of July 20, 1911, 10
Colorado Telephone Company stockholders referred TO
advantages through wider distribution Of
general investment Pursuing the policy then commenced
The Mountain Company has expanded until it is today
corporation with outstanding capital stock practically 27
times the entire issued capital stock Of the Colorado
Telephone Company the time the merger was effected The
benefits of this broadening of Investment alike to those
whose Mountain Telephone holdings from their
former Colorado Telephone holders of Rocky
Mountain Bell shares (which they exchanged for Mountain
States stock and also those who have invested IN shares
SINCE the effected
There outstanding, December 81, 1911 shown by
last annual report $2036 10000 of Mountain States stock
Though the Of outstanding capital stock for the
was 5960s50OO For payment Of dividends during 1911 there
was available 81 1872 against actual dividend
of $1022 leaving 69527 for Surplus and
Reserves
will be that December 81 1912 there outstand
ing $26 99 10000 representing increase of $6629
ooo from figures last annual OF this increase
2sS 10000 December 1872 with dividend oblga
oons against it commencing January 1, 1913
The capital stock outstanding during the year 1912
S&27393540 During that there was available 81
o0'oT for Of dividend obligations which reached
actual of $5S733O0 leaving for 1912 balance OF
~Nooo6.T to Reserves and Surplus
In the States Company, OF Decem
@ o. 1911 statement showed payments on account OF
a stock subscriptions amounting to than s35oooooo
nares for which not to be issued and delivered unh
lSl2 The Mountain States System report for ISlZ
aing time such item of cash subscriptions to
stock books cash and deposits neces
y show large reduction amounting $50000O0
or holdings during 1912 OF nearly
oOO, telephone plant practically $42bOOO00O,
@ furniture tools than $00o0oO and stocks and
y most 81 900 10000
with the growth Company, and plans under
the policy diffusion which have above referred
aus payable show of something than $2250oooo
ad liabilies due s650000O0 includes dividends
poe January Is 1913 amounting to approximately $4ooooooo