The Dickenson County herald. [volume] (Clintwood, Va.) 1927-1930, 1929-03-07


county Telephone Company In
russell County. The acquisit-
ion OF these companies added
1lve telephone offices to the
sixuy-six already III service,
MAKING a total of seventy-one'
in acquiring shese. companies,
9z5 telephones were added to
the system in the state.
Telephone operating reVenu-
es curing the year amounted to
SI,1II,ooA. Operating expenses
including depreciation, uncol-
gectiple, taxes, rent and mlscel-
ianeous deductions amounted
70 35,581,z16. Net telephone re-
venues were $780, 46. Other
net revenues amounted to S32
z93, giving total net earnings
available Tor interest and DIV
luenus OF 9I,562,44U. Interest
deductions including debt dis
count and expenses were $40.
365, leaving $1,268,075 for div
Ioenus. Inc net earnings OF the
company from operations IN
1928 were 6.56 per cent on the
average book cost OF the prop
.rty including working capital
Service operations brought a
)ouC lasu year snow a consIuer.
.ole reduction in the average
lime from the filing of a toll
;all to the start of conversation.
This time was reduced from
la minutes in 1927 to IL min
4tes In 1873. Records made by
HE company show that more
han 81 per cent OF the local tel
yp1Ione CATS nan.)eu ourlne
.y1owcre answered within an
interval OF ten econds, anu
that SO per cent of such calls
we're uanuled without error. I'M
J1ovoluenLa IN The uetnOQ III
liant maintenance brought a.
,out substantial reduction III
ne numuer OF plant = troubles
..nu III Cne average time requlr'
u " correct them.
Iuea number OF direct toll
circuits constructed in connect
ION win oJner Dell system com
,an1es was materially increased
.uIIng Inc year. IneSe ,ulrect
.llculLs eliminate switching al
.nuornlodIate points Wnlch
makes an improvement in both
NE speed anu accuracy OF out
Jt-LOWn calls.
Telephone users now served
~ the Chesapeake and Potomac
telephone Company may reach
S. per cent OF the telephones
N une world. The lines OF this
company through its connection
with the Bell System cover the
entire United States, Canada
yupa, and the important cities
ii Mexico and in addition by
conformation of telephone lines
and radio, the British Isles anc
4 large part of continental Eu
rope.
reductions in service charge
made curing the year had g
.enuency to stimulate the grow
n in the number OF telephones
oiaced in service. The service
LIAycla.n unal'se covers tho
|, installation and change in th(
.ocarlon of telephones. Annou
,ment was made of the reduct
on by the American Telephone
Ind Telegraph Company OF
ates On long distance messages
0 become effective February l
1929.
AN important agreement hay
ng far-reaching effects was
nat executed during the veal
~ the Chesapeake and Poto
| mac Telephone Company ant
the Western Union Telegraph
company and the Postal Tele
| graph-Cable Company provld
ing among other things for tn
| Interchangeable use OF facllit
,es. 1nis provision should uitl
.nately bring about the elimin
alton to a large extent OF tn
present duplication OF parable
| pole lines and wire circuits ant
should result in economy OF OPP
Grafton.
An interesting feature of tn
report shows that thrift amon'
employees of the company 1
we'll recognized. At the end o
the year 1920 employees OF tn
telephone system in Virglnl
were subscribing to o,z'
shares of stock of the Amer