New Britain herald., 1925-05-07
TELEPHONE COMPANY AND PARINT CONCERN


 James T. Moran rrr>tacrt of tho Southern New Ens.aul T.,orhoao company d.r'a-oI bo<ora the puh- lie rtnrtiee comm.se.oa O, Massa- chusr"s teo, 're 4 t-2 per cent aEr""moo' 0.'H Tho American To,e- phone aal Telegraph company is vital to -he n.osncrl'y Of .l.a .a'.,r company a07 f eliminated would cause inc 7aron. organization 10 fau.
 The ar-oe0aor. Is one whereby 4 f-2 per cent os the net earnings of the company go 10 t1e A. T. X T., as ls the case with other subsidiary Bell companies The same sor. Of system is in vogue among c.ratn other na'toaa, industries whirh are divided in.o constituent oar.s, ljvi- slons or local units These great na- t'onal last'atoas don't perform the functions o' the mo,uor hen, spreading A- I"'e ones under hor wings. for 7o'A.rg. There has 10 he s perc"o:ar@ or thu earnings handed over In payment for the benefits derived from boloag.ng to the big nationwide organization.
 President Moran contributed some interesting Information regarding the Southern Now Eusraud Tcle- phone compaug t7 tic discussion in Bos'on, vh.ra 'hore is strong oppo- siton 10 a rrlu'st Iy the Bell in- torosts Of 'ha, city for a raise in t.'onho0e ra',@.
 The "bono an4 sjucw" Of the 4 1-- pr .." ~-~ ,mrnt bat.,.m inc subsidiary aa1 parent companies, Nr Moru slII. was the patented toIaraoo. instrument owned by the Am.r.~u company Control of this instrument, ha said, resulted in the d.yaoru.nt Of the monster BoH sys'0m
 The SoHharu Now England com papy, which or.ra.ss only in Con- nocticut, las assets Of $4oUooooo, capital stock Of $2too.oo0 a re- serve for appreciation Of $Io,4oo.- GOO, and surplus of $L40o,oQo. MT. Moran added flat $7,ooo,0oo Of the capital stock ls owned hy the A. T, X r, and that the parent company owls no'es of tAo South ern company totanng S4.1oo.ooo
 Additions ,o the plant of the Southern Now England company have been al the rate of $4h0o, o,oof g year for ,he Iasr four years, and stations have ircr,asod from 1884, 900 10 241ooo. For I9 months about the y.ar 1s19 the company had paid no dividends, but from 1891 to 1916 the dt>,Isnts reaohed s per cent in 12l7 reached ! pol cent, and three or four years age went to per co-t
 AIr. Moran ment.o@ad Ms aa.a-} as president 0: the S0u,Aern No8 England. toc.a~,ng i, 10 be s2oao' year. He has been in the emplo, ot the company since 1884
 The Southern New England com psny appears 10 he t0 3 much n'. ter financial coa1i"on than 'A' other New Eusaai branch os fH. Bell system. 1-p III Boston city ., fciaIs and many haS.noss insfi'u lions canro, sca -.a necessity 0 paying 41-2 per ..n. to 'a" par.n company and tara ts .Aat wor done away with th.re wc'.i h considerably more aaarcal pros pcrity for tle .oea. r"mnaay F" the .aorNoaa or.t..z canaot aere with u.s ,l.nror.. r T. '... f0ca subdivisions o' inc Bv'j sE-rom ?. fused to pay -aa' prr0ontag4 aarae mont i' l. una.n 'u" par 'om paoy voui 1.. a sIa.Iy @.m" IIruro tan t-- r.r c.a, <r2. throurIou F.. .au~. raiu i'll one can easly ualc.-a.al fa@ r. a sons for th. fnanraI -... ling . th, A. T. ts r.
 We bof. q. h."l.- f,H " parent company a.. 8. '.g ." cracked up to u.. "..y s.arJ " considerable for t.at p.t.H#g..