The Bridgeport times and evening farmer. (Bridgeport, Conn.) 1918-1924, 1918-02-06
OOOLITTLE is
new OFFICER
OF PHONE co.

New York, Feb. 6-Directors of the
Southern New England Telephone Co.
late yesterday elected Charles B. Doc
little secretary and treasurer, succeed
ing Edwin N. Clarke who has been re-
tired on pension. His successor has
been assistant secretary and assistant
treasurer Of the company since last
year. He was chosen to the latter Of
flee at the annual meeting held Feb.
6, 1917. Clinton ]. Benjamin, chief
clerk to the secretary aud treasurer
was elected assistant secretary and as
,sistant treasurer to succeed Mr.. Doc
little
The company's annual report pre-
scented to the stockholders at the an
nua1 meeting today shows that the in
crease in telephone stations of all
kinds was $3.50 in 1917 compared
with the increase of 1850 for the
year 1916
The capital stock was increased
one million dollars as of Jan. 1, 1908.
The proceeds of this issue was paid
into the treasury during December,
1917, and was utilized in payment OF
bank loans contracted for temporary
financing at various times during the
year. A similar amount of financing
will be required during 1918 and ex-
cept in the event of conditions neces-
sary or more desirable, we shall plan
to accomplish it in the usual manner
by an additional stock issue during
the latter part of the year.
The financial statement follows.
Telephone operating revenues, $4,-
7S7,S64.59; telephone operating ex-
penses, $3,532,975.52; net operating
revenues, $1,245,SSO.O7.
ions-Uncollectable operat-
ing revenues, $23,000,000; taxes, as
signable to operations, $25O,974.SS;
$273,974SS; operating income, $780,
1913; net incorporating revenues,
$6,530.S0; total gross income, $751;
44499
Deductions-Rents, $6S,91S.47; in
terest, s97,79S.06; other deductions
$S,995.25; $176,711.7S; balance net
income, $S1O,73S.21; appropriations OF
net income for dividends, s770, 100000;
balance for corporate surplus, $40,-
1921.
Corporate surplus ACCOUNTABLE
ance Jan. 1, 1917, 1851, 394.S6; profit
on sale of miscellaneous investments
s8.862.26; undivided profits for yeal
1917, S40,733.21; balance Dec. 81
1917, Ss10,996.33.
Carke's Long Service.
At a meeting of the board of di-
rectors the following minute was un
animously adoHed:
The president reported to the board
of directors that, at his own request
due to illness, Edwin N. Clarke, secre
tary and treasurer, had been, on Feb
9Th, 1918, retired by the company OF
pension. Mr.. Clarke entered the bus
mess on July 4th, 1880, as clerk anC
collector, and successfully became
cashier, cashier and local manager o
the New Haven exchange, auditor, as
sistant treasurer, assistant secretar.
and assistant treasurer and on Jan
uary LIST, 1914, secretary and treasure
of the company, which offices h
filled until his retirement. MI
AClarke had the honor of being tn
Jemployee of the company with tn
longest record IT continuous service
nearly thirty-eight years at the dat
Of his retirement. His service to tn
company throughout his RELATIONSHIP
with it was intensely loyal and O
great value and the board of director
sincerely regrets that Hines has mad
IT. necessary for him to withdraw fror
the company's service. 1t is the hop
Of all that freedom from the activit
and strain of the bushes will brin
him back to full health and strength
Mr.. DooEttle's Experience.
Mr. Doolittle entered the telephon
business at the time the first telephon
exchange was established in Bridge
port in 1878, which plant was owne
by his father. Thomas B. Doolittle {
Pine Orchard. He began his tele
phone work as a messenger boy dun
ing his spare time after school hour
and during the vacation periods. Upo
leaving school in 1885. he went int