The Record-courier. [volume] (Gardnerville, Nev.) 1904-current, 1921-12-02
TELEPHONE co.
PAYS DIVIDEND
EFFICIENT MANAGEMENT OF L.
j. PHILLIPS HAS NETTED 12O
PER CENT IN DIVIDENDS SINCE
COMPANY FIRST ORGANIZED

At the stockholders meeting of the
United Farmers Telephone and Tele-
graph Company to be held at this
place tomorrow, ten per cent d.
yidend will be declared and dis
tributed, making in all dividends total
ing 120 per cent since the company
was organized by e. J. Phillips in De-
cember, 1911. AS dividend producer,
the Farmers Telephone Company is
far in the lead Of any company yet
organized in Douglas conuty and is
probably not excelled by any institu-
tion in the state of Nevada.
The organization of the Farmers
Telephone Company at this place
eleven years ago was of doubtful char
acter, and while few believed sue
cess would follow the ownership of
the telephone system by local people,
many bought stock against their will.
merely to help out home concern
E. ]. Phillips, who had been en-
ployed by the old company as mana
ger, promoted the formation of the
home company and declared that he
was positive he could build up the
business and make 1t pay a dividend
of at least eight per cent, and over
period of eleven years he has made
it pay even greater dividends to the
stockholders than he had promised
Comparing the local company with
other telephone systems in Nevada,
and especially the Fallon exchange,
which is owned and operated by
Churchill county, one is quickly
brought to realize that no business
can be successful unless conducted
under intelligent and efficient man.
agement. The exchange at Fallon, ac-
cording to published reports some
months ago, was losing game to the
taxpayers of Churchill county, ana an
electrical engineer was called in to
make survey with the hope that the
system could be- put on paying basis.
Conditions at Falion are very similar
to those in Carson Valley, and while
the one at Fallon was a bill of ex-
pense, probaly due to poor manage
ment, the farmers telephone system
in Carson Valley, due to good man
agement, was bringing a dividend OF
better than ten per cent per year.
| During the years that the local COM
pany has been under the management
of Mr.. Phillips "a large amount OF
money has been expended in extend
ing the lines to reach all parts of the
valley and the nSmber of subscribers
has been steadily increasing. New
and improved switchboards have beer
installed in the main office and the
number of operators increased to meet
the requirements. When the COM
pany was being put on its feet, Mr.
Phillips not only managed the busi-
ness, but did practically all of the line
work. As the business increased, C
Haugner was employed as wire chief
and now has complete supervision ol
maintenance work as we'll as new con.
struction, which is steadily forging
ahead, Mr.. Phillips devoting his entire
] time as general manager of the diff
ferent departments.
Carson Valley is given credit will
having one of the most complete ant
efficient telephone systems of any like
rural community in the United State.
and the farmers and business mel
who are stockholders in the loca
company, as we'll as Manager Phillips
are to be congratulated upon thu
splendid success made, not only from
a financial standpoint, but from tn,
point of service as we'll.