New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1918-05-08
TELEPHONE PEOPLE
REPORT GOOD YEAR
INCREASE IN GROSS EARNINGS
AND IN THE NUMBER
OF SUBSCRIBERS
ELECT NEW DIRECTORS. STOCK
HOLDERS INTERESTED IN
STATE MERGER

According to the annual report Of
Secretary A. G.. Bierbaum submitted to
the stockholders of the New Ulm Rura
Telephone Company at their 18th annual
meeting held at Shells hall last Thurs.
day, the company's assets now totaI
$92,651.50 which includes $789.87 cash
on hand. The liabilities of the com.
pany are the capital stock of SCI, 450
bills payable amounting to $1,000. g
dividend account of $4,301.50 and I'M
divided profits in the sum of $4,000
It also appeared from the statement
that since the organization of the com.
pany in 1905 the sum of $57, 356.01
has been charged off for depreciation
There are 425 stockholders in all. Most
of them are owners of one share of $2s
each, altho there are a few who have
two and more shares. The largest in.
dividual stakeholder has stock amount.
ing to $1,000.
Gross Earnings Increase
The past year has been very success.
full one from the financial standpoint
the receipts totaling 500, 206.74 exclusive
of $2,766.86, cash on hand April 16
1917. There was an increase of $4,000
in the gross earnings, the same amount
ing to $27,179:55 for the past year
Of this amount $24,834 was received in
the shape of telephone rentals, and the
balance is made up of commissions fo1
long distance service, tolls, advertising
notices and rent. There was expended
during the past year $9,357.65 for
salaries; $1,515.9S for batteries, wire,
material, etc., S4,301.50. was set apart
for dividends; the taxes amounted to
$982.67. These with a number of smaller
items bring up the total disbursements
to $35, 183.73. This is exclusive of the
balance of cash on hand, April 16. 1918.
70 New Subscribers -
During the past year SO additional
phones have been installed in the city
and 10 in the rural districts. The city
phones number at the present time
1854 and in the rural districts 692 are
in operation making total of 2064
There are 1877 miles of toll lines in
Nicollet County, 1854 IA miles in Brown
County, a total Of 331 IA miles. The
number of miles Of circuit in this county
is given at 264 IA miles and that Of
Nicollet at 286 miles making total Of
$50 IA miles. During the past year
1 Sd miles Of pole line have been built
and the same number of miles of circuit
have been added to the system. Oh
these 1 IA miles are in Brown County
and IL mile in Nicollet County.
Elect Officers
Tie meeting was called to order by
President Fred Pfaender and after the
minutes had been read and approved
the president appointed the following
as election judges: Jos. N. Schaefer
Anton Hellmer, Rupert Altman, Geo.
A. Tauer, Louis Spelbrink, Herman
Pfaender, Frank Forster, John T. Sta.
dick, Jos. Simmet, John Gaetke, Geo
Wager, and Fred Rengstorf. After
nominations for a Board Of Directors
had been made the meeting adjourned
until l o'clock in the afternoon. The
polls were open until o'clock in the
afternoon. The votes were then can
vassed and it was reported that the fol.
lowing Board of Directors had beer
chosen: New Ulm, Fred Pfaender, F. H
Retzlaff, H. P. Bastian, Adolph G. Bier.
baum, Jos. Wiesner and VIM James
CORTLAND, Henry Mueller, and Nil
Reinhart; Lafayette, John HuelskamI
and Fred Wellner; West Newton, Math
Walser and VIM. Palmer; Cottonwood
Jos. J: Sperl and Math. Rock; Milford
Aug. Backer and Jacob Haubrich; Sigel
John A. Sellner and H. A. Hillesheim
At a meeting to be held next Monday
the Board of Directors will select the
officers for the ensuing year.
f. AHtSEeeSeu III NonSOlloaClOn
Some of the stockholders present who
had read in the Daily Press of the
parceling of the state between the Tri-
State Telephone and Telegraph Com
pany and the Northwestern Telephone
Company wanted some information on
this point and Manager Otto Kohn was
called upon to explain the proposition
Mr.. Kohn told the stockholders that it
was planned to give the Tri-State people
the southern part Of the state including
the city Of St. Paul and that the north.
ern part Of the state including the city
CONTINUED on next paee)
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