New Ulm review., 1921-05-11
NO MAINTENANCE
COST REDUCTION
EXPENSE OF NEW ULM RURAL
TELEPHONE co. GREATER
THAN LAST YEAR.
OPERATING REVENUE s41,13e.
DISBURSEMENTS $2s,3s1.
2,1s6 Telephones.

cussed at the annual meeting of the
lstockholders of the New Ulm Rural
Telephone Co., held at the Creamery
Hall, Thursday, was the possibility
OF reducing the company's expenses
this year. This question was brought
Iup by Director F. III. Retzlaff and
elected reply from Manager Z. "A.
Mills to the effect that there is no
relief in sight, as much maintenance
work is necessary, which may cost
the company even more than was
Expended for this purpose last year.
Other stockholders took part in the
general discussion of this weighty
problem.
$21 400 Notes Outstanding.
According to the annual report of
Secretary Adolph G. Bierbaum, which
was read at the meeting, notes in
the total amount of $21,4O0 were
outstanding against the telephone
company January 1, 1921. Other
data contained in this report shows
that the total cost Of the plant and
equipment up to December 81, 1920,
was $158,821.74, of which $12,732.1 .13
was added during the past year.
Resources Total $165, ,734.9S.
The secretary's annual report also
showed that the total resources of
the company aggregate $165,734. SO
and consist of the following in
dividual items: Real estate, So
f675.OO; buildings, $14,121. 81; central
office equipment, $2S,253.61; sub
Iscribers' station equipment, $685.
|100.16; exchange plant construction
$75, 5,685.65; general equipment, $3,-
Is85.SO; inventory and supplies, ST.
I322.7O; due from subscribers, ST.
I200.14; Liberty Bonds, $500.OO and
cash in banks, $1,89040.
The liabilities are. Notes payable,
$21,400.00; accounts payable, $780,
79; depreciation reserve, $64,229.61;
capital stock, $61 ,45O.00; 1920 divi-
dend, $4,3O1. so; undivided profits,
$13,647.08; total, $165, ,734.98.
Net Income $12,75a.2O.
The operating revenue during the
past year totaled $41, ,139.61, while
the aggregate operating expenses
were $28,381.41, leaving the sum OF
I$12,75S2O as the net income of the
plant for the year 1920. From this
amount $7,757.33 has been added
to the depreciation fund, which, as
"a result of this increase, now totals
| $64,672.11.
/ Operation Data.
| The operating revenue, which ag.
Igregated $41,139.61, was received
| from the following sources: Phone
rents, $37,74O.55; commissions, $2,
861.36; miscellaneous, $537.70.
/ The operating expenses are divided
into three accounts, namely, th'
maintenance, the traffic and th'
general expense accounts, The tota
operating expenses last year amount
led to $28,381.41 and we're made III
of the following items:
Maintenance Expense Repairs o
exchange plant, $6,856.75; repairs 0
equipment, $l998.41; repairs o
buildings, $3.O5; station renewals
$339.12; miscellaneous maintananc
expense, $805.O3; total, s1O,002.36.
Traffic Expense Operators sala
ries, S6,634.32; toll operators sala
ries, $1,336.37; miscellaneous trafh
expense, $1,205.47; total $9,176.16.
4 General Expense Officers salaries
$4,O66.OO; officers travelling expenses
$3.50; clerks salaries, $73O.23; in
surance, $271O8; advertising, $6.7O
light and heat, $707.89; stationer.
and printing, $6s5.97; miscellaneou
general expense, $565.88; interest
ST, 100000; taxes, $1,O76.02;; legal ex
penses, $500; toll commissions, $6.52
total, $9,2O2.S9.
2,186 Phones in Use.
There were 1,481 city and 20
rural telephones in use December 81
1920, making total Of 2,186 in
Istruments that are connected u
with the local exchange.
Officers and Directors.
The election of directors resulte
as follows: New UlmFred Pfaend
er, Joseph Wiesner, William James
John A. Sellner, Adolph G. Biel
baum and F. a. Retzlaff; Cottor
! wood Math. Roeck and Joseph ,
sperI; Courtland Nick. Reinhal
and Henry Mueller, Jr.;; Lafayette
Frank Wellner and Fred Wellne,
Milfrod Fred Rolloff and Augu:
Backer; sigel- Thomas J. stadic
and Henry Liesenfeld; West Newtc
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