New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1914-05-13
Telephone Company Prospers.

- y
Prosperous conditions prevail in tlN
business of the New Ulm Rural Telephone
Company and they find that they viii
be able to pay their stock holders seven
percent dividend after all expenses are
cared for. Their gross earnings total
SCI ,3O4.1O for the year just past. being
an increase of more than 81 900 over the
earnings OF the previous year. These
figures were submitted in the report made
IN the ninth annual meeting Of livestock
holders which was held atSchelIsHa| last
Thursday morning.
Other figures of interest in the report
which was read by Asst. Secy. Bierbaum
related to the holdings OF the company
which total $37,257.33 with no indebe-
ness. This sum consists of $1,000 in
certificates of deposit andde3524.84 cash
on hand, the remainder bhg the vaiua
ton of stock and equipment. The CAPT
tai stock is divided among Alb share
holders and amounts to S61, 45O. Since
1905 the company has charged off tlse
sum of $29,455.26 for depreciation. OF
the gross receipts 500 was for capital
stock and $19, 566.45 represents the tele-
phone rental, commissions, and long dis
tance tolls. The Tri-State Co. received
$1815.20 as their share of the toll bus;-
ness.
The city telephone rental brings reve-
nue. of $1285.59 each month and the
rural lines for the same average s63O.55.
OF the latter there are 634, 10 new ones
being installed last year. The city phones
number 1925, gain of 100. More
than $6OOO.OO was spent the past year in
improvements and construction.
The election of directors was held at the
Thursday meeting and the following were
chosen: VIM. James, Fred Pfaender, ].
P. Graf, H. P. Bastian, F. H. Retzlaff.
and Jos. Wiesner of New Ulm; Math
Rock and Jos. Sperl of Cottonwood.
VIM. Gluth and Fred. Rolloff, of Milford
II. A. Hillesheim and John A. Sellner. OF
Slgel; Mic Reinhart and Fred. Foss. of
CORTLAND; L. P. Bushard and Alex.
Russell, of West Newton; Frank Wellner
and Fred. Wellner of Lafayette. On
Monday these directors met and chose
the old officers to serve again this year.
The president is Fred Pfaender, vice
president, Alex Russell, Secretery, F. Fl.
Retzlaff, Asst. Secretery, A. G. Bierbaum.
treasurer, VIM. James. o. r. Kohn was
reappointed manager also. The only
other action taken was the raising
OF the pay of the telephone girls who viii
receive an additional SO each month
| from now on. The per cent diEidens
will be paid the 9Th OF May.
Other matters considered at n.
stock olders meeting were those of the
necessity of new building to house the
growing business and also considerations
OF extending the rural lines and how besa
to accomplish desired results but ,ae
definite action was taken and. it is very
likely that it will be a year or more before
any provision for new building is made
| Richard Baasen, who spent the past
winter with his mother left last Wednes-
day for Grand Forks, N. d. to resume his
| work there as a life insurance agent Mr.
Baasen was engaged in that line of work
last summer and has been very success
full.
| A new screen which Otto Oswald Is
having installed in the front part of ,the
/ National will add materially to the,an-
pearance of the place. A large and.cona-
modious ice box for the basement =
another improvement that has lust beer
made.
Mr.. and Mrs. J. H. Straszer of Min
neapofs were in the city the past week
the guests of Mrs. NJ Patsch. They cam
came here to call on Ernst Fritsche whe
suffered paralytic stroke about twe,
weeks ago. Mrs. Straszer is "a sister Of
Mr.. Fritsche.
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