The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-03-16
CAROLINA TELEPHONE
COMPLETES $40 MILLION
EXPANSION PROGRAM


| TARBORO. - Carolina Tel e,
phone moved steadily forward dur
ing 1861, providing telephone serv.
ices for more and more citizens Of
eastern North Carolina.
1.-THE company kept pace with
new services and adopting new
methods"
These comments We're made Fri
day by Carolina Telephone Presi-
dent H. Dali Holderness in report
ing on 1861 operations at the com
pany's annual meeting of stock
holders.
"Long distance conversations
rose about six per cent. The com
pany completed more than Is mil
Lion long distance messages-the
largest flow of traffic in the his
tory of the company.
Telephones gained numbered
1902, bringing the total stations
in service to 209,003. Rural install
lations accounted for the majority
of the additional telephones" Hol-
deness reported.
The president noted that in 1861
Carolina continued its long-range
program to provide the most mod
ern possible telephone service in its
Operating area. To this end, the
company in 1861:
Completed a $40 million gross
construction program to provide
central office facilities for normal
telephone growth and additional
cable to render new service. At the
year end, total telephone plant in
vestment amounted to more than
$108 million.
-Inaugurated direct distance
ldialing for subscribers in Wilson
and nearby communities. This serv-
ice was also established at Ocra-
coke. At the end Of 1861, telephone
users in AZ of the company's Ill
exchanges had access to this ma
tionwide toll dialing.
Expanded its microwave sys-
TEN to create additional circuits,
virtually stormproof, to the New
Bern area.
Installed in the Accounting De-
partment a new computer system
to expedite the preparation of sub
scriber bills, payrolls, and statisti-
cal information.
j introduced home interphone
service, as we'll as recently develop
ed models of private branch ex-
changes.
| Earnings per average showed 9
slight increase over these of the
previous year. Dividends were paic
at the annual rate of $160 pei
share-the same as in 1860.
"The results attained during the
year are direct tribute to the 10y
atty and hard work of all employee:
:. am confident that with ths
vigorous and continuing support o.
the shareholders, directors, and EN-
ployees, your company will continue
| to grow and prosper" Holdernes:
concluded.
| Directors elected or reelected BY
the stockholders for 1862 were
Harvey G. Booth, Atlanta; R. R
Braswell, Rocky Mount; E. P
Brown, Murfreesboro; Ennis Bryan
Scotland Neck; w. G. Clark, Jr.
Tarboro; Lewis G. Cooper, Green
vile; Marshall Y. Cooper, Hender
son; Walter E. Duncan, Atlanta
John N. Hackney, Wilson; ]. F
Havens, Tarboro; L. w. Hill, Tar
boro; H. Dali Holderness, Tarboro
William H. Holderness, Greensboro
Robert P. Holding, Jr., Snlithfield
DR.. w. w. Kitchin, Clinton; Johr
r. Rodman, Washington; Charles
G. Rose, Jr., Fayetteville; DR.. Ralph
C. Sadler, .Whiteville; Fred /. SUIT
ton, Kinston; ]. E. Taylor, Rich
mond; D. L. Ward, New Bern; and
~. M. WATSON, Charlotte.
Elected director emeritus was
Kemp d. Battle of Rocky Mount
Battle is a veteran of IL years
service as director. r. B. Davis Of
Wilmington, H. T. Clark of Scot
land Neck, and S. N. Clark of Tar
boro We're reelected directors
-