Perth Amboy evening news., 1922-04-18
8. HOLDINGS
ARE TOLD Of
Stockholders and Employees
of Corporation Addressed
BY Officials Here.

Local stockholders and employees
OF the Public Service Company met
in the high school auditorium last
night at which time they were told
of the vast holdings of the company
and other important information
connected with the operation on 900
miles of trolley track, the produc-
ton of electric and gas from the
many large plants of the concern
which are situated from RidgeUood
to Woodbury..
Each speaker gave a brief outline
or history of the various branches of
the service and the meeting which
lasted for more than two hours was
very Interesting.
The speakers were: P. L. Young,
vice president: j: l.. O'Toole, assist
ant to the president; Theodore Bum
ker, assistant TO the president, and
Harlow C. Clark. from the publicity
department. During the evening
selections were rendered by a quar-
tet.
Mr.. Clark acted as chairman of
the meeting. He pointed gu in the
course of his remarks that although
the business has gone through diff
icult times since the var they now
have a breathing spell and see signs
of the reawakening of business. He
said that the Public Service officials
by attending meetings of this kind
have an opportunity to get in the
territory which they serve and meet
the stats in the various local Offices
and also the stockholders.
In closing his talk MI. Clark main
| tanned that the development of the
state and the Public Service Com
pany must go on side by side for
without one the other can not take
place. He then introduced Theodore
| Bunker as the next speaker.
Mr.. Bunker, with the aid of a
large map which had been placed
upon the stage of the auditorium
pointed out to the stockholders and
employees the various own and cit
les which the company serves. In
this way Mr.. Bunker acquainted the
stockholders with the vast holding:
of the company.
The next speaker was j. L.
O'Toole . Mr.. O'Toole in his remarks
went deeply into the history and the
formation Of the Public Service Com
pany. Prior 10 1903. there existed
about the state many small compa-
| MES, each going their W way and
none getting very far. The trouble
Of these companies. however. &C
cording To Mr.. O'Toole was that
they could not meet the demands
and this brought about the forma-
ton of the Public Service At the
present time the company has a total
| Of $4,000 stockholders. He showed
how the utilities furnished by the
Public Service increases the value
| of property in the territory IL serves,
\ lYs.z D-aaidonr Young nelG
| that the Public Service had made
a mistake in the past in not en-
listing stockholders among the vasl
army of customers.
in the public utility field" Mr.
Young said, 1T requires from thirty
20 forty cents for every dollars
worth of business to pay Interest
cost, without regard to other ex'
penses, such as wages. materials
taxes, etc."
Public Service has been indus
trious in developing its business. II
mas been economical and efficient In
operation. 1t has been courageous
IN continually adding to its invest
ment until the enormous sum o.
l$1l3, 000, 900 has been spent in i'm
provements and extensions in th(
last nineteen years in New Jerse,
and it is now planning TO spenC
much larger sums for future de-
yelopment.
we desire your cooperation II
making this company a true publ.
servant and responsive to the pub
| lie needs. and we assure you tina
every suggestion of yours viii b.
welcomed and carefully studied. w
want 4 work with YOU to make New
Jersey a better place to manufac-
ture in. a better place to do bust
ness in and a better place to liv,
lin