OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, July 20, 1915, NOON EDITION, Image 5

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1915-07-20/ed-1/seq-5/

What is OCR?

Thumbnail for

Circulation, Monroe :
SUBSCRIPTION By Carrier In Chicago.
30 cents a Month. By Man. United
States and Canada. 13 00 a Tear.
Entered as second-class matter April
21. 1814. at the postottlce at Chicago.
EX. under the Act of March 3, 1879.
Quoting Vice Pres. Tracy of the Chi
cago Tunnel Co., Oscar Hewitt in the
Herald says the total investment in
the automatic phone plant up to
June 1 this year is $8,482,928; and
that for this the company has eight
exchanges ,with capacity to serve 34,
520 subscribers; that the number of
wires from these exchanges to the
neighborhood of prospective suB
scribers is about 40,600, and that
these should be able to serve 65,000
subscribers, allowing for the ordin
ary ratio of party-line patrons.
In the tunnels the company has 57
miles of conduit or 198 miles of duct.
There are also 103 miles of aerial
cable and 107 miles of underground
This is the property the Chicago
Tunnel Co. wants the .city's permis
sion to sell to the Bell for $6,300,000;
and which the Bell company has
never denied that it intends to throw
on the scrap pile, to junk and put out
of business altogether.
If the city were to forfeit the plant
and take it over we would have as a
starter for a municipal telephone sys
tem a complete plant ready to serve
65,000 subscribers.
But if the city consents to the sale
of this plant to the trust the plant
will be destroyed, the $6,300,000 will
be added to the capitalization of the
Chicago Telephone Co. and Bell sub
scribers taxed higher phone rates to
pay the interest on the $6,300,000.
As it is proposed to sell the Auto
matic to the American Telegraph &
Telephone Co., which is the parent
company and owns 95 per cent of the
stock of the Chicago Telephone Co.,
it is possible the Bell company
might pay $6,300,000 for the auto
matic and then turn around and sell
it to the Chicago Telephone Co. for
$10,000,000 or $20,000,000, or even
more, and add those figures to the
capitalization. In other words, there's
a chance for frenzied finance in the
deal, with a tax on subscribers' to
pay it all.
Keep in mind this differences The
Bell wants to buy the automatic
plant to junk it and destroy possible
competition, while the city wants to
get possession of the plant to operate
and develop it as a munkapaHy
owned utility.
f Wisconsin reports a flood caused
by beavers, which is the correspon
dent's summer variant for moose
running through the main streets of
New Bedford, Mas&, mill workers
voted to take a week's vacation after
their bosses refused to grant them
one. That's the spirit that made the
Boston Commons boys defy General
A Chicago judge declared rhatthe
language one man used over the tel
ephone made him unfit to use the in
strument We'd like to hear what he
could say to fit three busy signals;
two wrong numbers and a line out
of order report.
One insanity expert has discovered
that dreaming of getting rich sudden
ly is a sign of insanity and having'
made this discovery, he probably
thinks hell get rich on it
If summer resorts would reserve
their canoes for male flirts only they
i misht solve two problems 3Xx&.
. ,. -nmMxjBtaammeasai

xml | txt