Newspaper Page Text
FRIDAY. WH FINE BALLAST. FOR THE RAILROADS f Gvoss Kelly & Co (Incorporated) A TRTTQTTTTR OTTE CITIZEN". 2(1, 1008. CONSTANT GAIN DURING THE YEAR President Vail Gives Interest ing Figures of American Tel ephone and Telegraph Co. In the annual report of the Ameri can Telephone ami Telegraph com pany, which hs J list been issued. I'veslJent Theodore N. Vail gives some Interesting figure and discusses nt le-ng.h several features of the tele Dhone busiue.su. The business has shown constant Rain during the year, and at the close there were 3.839,0(111 stations connected to the system, with a total of .10.52 miles of wire. The to tal number of exchange and toll calls for the year was about 6. 997, 000, 000. During the year $52,921,400 was add ed to construction, and in the past eight years I3Sl.835.65u h.i been so added. At the present time there are out standing 1,525.280 shares of stock of the company, 1,312.502 of which are held by 23,453 stockholders, an avL-ragn of less than 56 shares each, the balance 212.778 shares, being held by 16 shareholders, each with 5.000 shares or over. At the close of the year a valuation based on the replacement cost of the existing plant, without any allowance for franchises or for unearned in crement, showed $488,296,000.. Against this there were outstanding obligations of the American Tele phone and Telegraph company and its associated companies, including capital stock at par in the hands of the public, of $554,939,000. These companies also had cash on hand, quick assets -and Investments of $101,- 074.000, so that the obligations against the plant were only $453, 865.000. or $34,431,000 less than its appraised value. The book value of the exchange construction is $11 per exchange station and the book value of all property, Including the long distance lines, is $162 per station. Kor the tirst time a statement of the operating companies (that is, those companies which directly fur nish the telephone service) is given, with gross earnings for the whole country of $120,753,200, operating and general expense of $33,242,300, and maintenance of plant $34,665, 700. The balanco available for divi dends was $25,819,700, out of which dividends amounting to $19,206,100 were declared, which seems reason able when the value of the plant Is considered. President V-ail call attention to the exaggerated stories of the profits niaae by early Investors, and shows how these stories, coupled with the general business activity of the last few years, have made it possible for promoters to launch telephone com panies pledged to low rates for ex change service and high dividends to investors. Many of these companies are asking relief from the conditions thc.y readily accepted, and for In creased rates and reorganizations are now in progress. These companies found that repairs and reconstruc tion, which with a new plant are at a minimum, steadily increase, and that many times while the plant is growing rapidly these charges are lost in construction. Sooner or later these charges must bo provided for out of current revenue, and if dividends have been paid without tirst making udequate provision for maintenance there can only be an end in disaster. Under these conuitions it would seem us if any gain to the public by com petition based on low rates has not made up for the loss ot capital in vested. The problem of rates and rate reg ulation Is discussed at length, and it is shown that the policy of the Bell companies ln any controversy as to rates is to make a complete showing of the cost and value of plant and service, and that there Is nothing to conceal. Knlr rates are all that is asked for, and the belief Is expressed that with Tull knowledge of all the circumstances the pubic will readily acquiesce In such rates. Fair rates art- defined as those which maintain the plant ln a state of high efhViency, provide fair wages for employes, give a fair return on money Invested, and promise a fair return on new money i, ceded. Any revenue beyond these requirements could, after allowing for proper reserve, be used for the bene lit of the public, but the company should be ullowi-d to retain a part sufficient to stimulate the most effi cient nnd economical management. regards public control ln the alisei.ee of competition the report suys "It is not believed that there Is any serious objection to such control, provided it is ln lependent, intelligent, i hi ler I'e, thorough and Ju.-t, rec ognizing, as docs the Interstate Com merce commission In Its report re cently issued, that capital is entitle.! to i's t'eir return and good manage men' or enterprise to its reward." The value of telephone- service to the 'jlieribers Is analyzed, and it is shown tint while a connection with the exchange may be termed a con venient.. f-r that subscriber. It is a iu-c.ssi:y for all other subscribers. It is the ability to communicate with others which in ikes the exchange valuable. I. is the u-e of other cir cuits than yuur own. The value of i-ny exchange dipe-nl u: the area covered and the maximum number of des red Individuals who ca be reached, and the measure of tint value depends upon the use of the ex-e-hauge system as a whole. Kates must ha skalju-ted that no rJte shall In iir injustly on particular individ uals or classes, ami that a', some rate connection with the exchange Is with in reach of anyone who can add to the value to others of the service, and that, as a whole, the revenue shall be enough to operate and maintain Resorting to tlio courts as a means eo into tlio liamls of a nwlw a commissions ami snuill creditor nnd patch. T the plant efficiently and (five a suf ficient return on the capital. In discussing long distance service the report calls attention to the fact that during each conversation the circuit is devoted exclusively to the service of the user. Long distance communications require the presence of thu two individuals concerned t the ends of the line, and they are therefore confined largely to the', hours whan It Is certain that each i can be definitely located. The result of this is that the long distance busi- n ess is crowded Into a very small , part of the day and that much of , the time the facilities provided are lying Idle. There is no way of crowding the business during the times of heavy demand, as but one message can pass at a time. Diagrams are given showing how Irregularly the business is distributed throughout the day, and tire statement is made that if business could be subjected to a half hour's delay the facilities re quired could be reduced one-third at least. Attention is called to the univer sality of the Bell system and its oc cupation of the field, first ln the ur ban districts, keeping pace with the demand, then later in the semi-urban and rural districts. These smaller communities are being developed both directly by the operating com panies, and Indirectly by local com panies connected by toll lines with the Bell system. The change of policy during the year by which the Western Klectric company now sells standard Bell telephones to all who may desire them has given a fresh Impetus to this branch of the business. Office Chief Quartermaster, Den ver. Colo., March 20. 1908. Sealed proposals in triplicate will be re ceived here and at office of the Quar termaster at each post below named, until April 20, 1908, for furnishing Wood, Coal, Blacksmith's Coal, Char coal, Mineral Oil, Corn, Oats, Bran, Hay and Straw or bedding Hay re quired during the fiscal year ending June 30, 1909, at Fort Apache, Fort Huachuca and Whipple Barracks. Ar izona; Fort Logan and Denver, Colo rado; Fort Bayard and Fort Wlngate, New Mexico; and Fort Douglas and Fort Duchesne, Ltah. Information furnished on application offices of respective post quartermas ters. Proposals will also be received at the same time, at the office of the Chief Quartermaster, for shoeing horses and mules at Denver, Colo rado. J. W. l'Ol'K, Chief Q. M . o It will cost you nut ton rents a dime to liuve your shirt laundered nnd home on time. Hubbs Laun dry Co. When a medicine lias s'..m1 the test for a jx-rioil of ir.ott: than two pen r.itiucs ati'l is then iiiuiv tmpuUr than ever, tht-ie can ho no tleiiilit of its iinnt. Ti.i'i is the rec-inl ot S. S. S. Its jieii'vl of exi.-dt nee is iii.irkel ly a Ion;; line of ".:. of Mood ati'l .skin ilisc.c-i-s of every c h.ii ;i 'ler, ami its value in iTie tie.'tv.ciit of such tn.-.iMt -. lias l.v -.,t:;. so well l:no-.vn tti.it it is to-lay .lie' lllci .1 e- c'.iLim:!, i-ivciv n --l !.... 1 moiiuiie on the in.n k t. l;or Hhctiitiatisiu. ! th. Sous :n 1 rh!.s. Sk u J): si t - s rr.il a'l other tn.uhh s or i -. -wt:- -1 c- ' of the i,-, 1, S. S. S. lias no cu:.l hie t' ".'l m-. It count- t i- r syst-.-.tl f .V.! mi '.-::'.'.!.;, slum::, v ' '.- .i t'.i. V":. furnish t'.ic l-..'y n plies it wii.il til.- i'c. .' . : tl l-i rc invi or.c'.:t' z '- 111 " ics .li-.or.lci--. i t ioocl li.c l.i hut it i ; ?.t the roots, lict let ;ct.-l . -, W.iV re ci ileS in li-. e f. v. lici I. N t o' t!n:c !il ! ii't'elv ;. of n-.v.;i Ik .it :n '. I: !" 1 i c nt;'.i :t 1 h . .-' : ii'.- -'. t: -f jwttsi-f ll; : ' -' I. ..-1 i- ; 1 ami l'-t fi - t - :.'-' ..- ' vcl !.r . it is a let.. .: .' v. r - I . years of s : . - I v i I cause 1-- . . i iii i - - - : S S a llk CO. . . . - i I . ' UK-die;.! a-i vi. tha- r..-; -.-! ie. -.,. 1 i'.e r.vl ... . . .. ,,i, ,e,n9 yZ.'rZ;-,na romplain UNITED STATES IN SANTA'S CLASS Public Land Bill Would Put Minions In State'sStocklngs and Cancel Big Debt. Washington, March 20. Repre sentative Hall of South Dakota has introduced a bill with a View to hav ing settled finally tte accounts be, tween the United States and the sev eral states of the Union relative to the distribution of the pro ceeds from the sales of public lands. About $36,000,000 is -.nvolved, and of this amount the states owe the general government $28,000,000 and the general government owes the states $8,000,000, and yet the desire is that the United States give a statu tory release to the Mates from their obligations to pay and shall pay the states what is due them. In nearly every Congress for the last 30 years bills have been Intro duced to close up these outstanding accounts. As a rule the bills have passed cither the House or the Senate or at least have been reported fa vorably from committee to one of the legislative branches, but notwith standing the great amount involved, none of the measures introduced has ever succeeded in nnumg us way through both houses of Congress. In the pending legislation under the Hall bill, two classes of accounts are taken into consideration. In the year 1838 the United States loaned $28,000,000 to various states. Pos session seems to have been felt to be nine points of the law and nine points of the right. At any rate, the con ilnued holding of the goverment's here or atin'"""na Illr more man c jems .... - - . . MA 1. made most or tne states rorgeuui oi the obligation. A reading of the debates In Con gress when the loaning act was pass ed Indicates that the loans wee made up of the surplus proceeds of the sales of public land, although this is not made to appear on the face of the act Itself. The act does show, however, that the granting of this surplus money in the treasury was FORTY YEARS SUCCESSFUL SERVICE ..-.o'ls, home. is unci trcrin-., cleanses I tic s t ch-e.. -e jc rr.s.vu :;t!y a::-l rcsloic-t . - '- . mi-1 is v. i' c.-.- i .:.; . i ; : 1 nu.ihle t'l .. i'-.-r.t .i.id Mr. it; tti it -.. c Is, S. S. S. mij.-it.-. . :". 1 ads M-knd dl in toning ti an-l i!..vi to the eiy 1- ttunl of .11 Mood ted t. tints on v. . Ii tii: ordinary ,'.v is S. S. S. ( i :t. c.n in it re-ults. -afe reint-dv. It t ; t tade entirely of f and i-nr.itiv:.- v i'i'c. It does not l :.nv form to d t:r. re tl,e tie lirntr; l,v child;-.-;: with t' e .-..itne goo'l results It is in an tApci itf.ent to use S. S. S.. tlv.t has ).: -nil its wol'.h hy its fmiy ale III liccd of a hlaod pU! if.er for litly oit 'h -.i-i -ns aral Ides' will send yot. will ni c w.tlt out charge any Hpecul SWIFT SPLvCIF'.C CC. ATLANTA, CX ,ovo of Iho railroad. The frame Is to ,, to thumb your at .stale not a gift, but a deposit. The various amounts now stand on the books as loans subject to demand The gov ernment holds certificates expressing the usual legal obligation and pledg ing the faith of the debtor states for the safe keeping and for the event ual repayment of the moeey. IVrw lnU Cite.'. The member? of fin fit-ess who want the government to release the states from their Indebtedness main tain that there are legislative prece dents for liberality and for the for giving of debts. It Is held also that none of the states admitted Into the Union since 1836 can make Just com plaint against the cancellation of the debt, notwithstanding the fact that these states would benefit If their older sisters should pay back Into the treasury the money once given them in trust. The following are the amounts which were deposited with the sever at states years ago: Maine $ 985.838.25 New Hampshire Vermont Massachusetts . . 669,086.79 669.086.79 1,338.173.68 Connecticut . . . 764.670.60 382.335.30 , .. 4,014,620.71 , .. 2,867,514.78 764,670.60 . ., 2.007.206.34 860.254.44 Rhode Island - - New York Pennsylvania . . New Jersey Ohio ,.i Indiana Illinois .. Michigan . . Delaware . . Maryland ... Virginia - North Carolina , South Carolina . Georgia Alabama . . Isauislana . . 477,919.14 286,751.49 286.751.49 955,838.25 . .. 2,198,427.99 . .. 1.433.757.39 . .. 1,051,422.09 . .. 1,051,422.09 669,086.79 477,919.14 Mississippi . . Tennessee . . Kentucky . . Missouri Arkansas . . 382.335.3(1 . .. 1,433.757.39 1,433.757.39 32,335.30 286. 751.49 Total $28,101,644.91 1 Cancel State Delrtt. Ah ha.s bc-cn sulci tne Htate have claims against the government amounting to about $8,000,000. It Is proponed that the government should pay the states this money, but shall not ask the states to pay the $28,000,11110 iluc Uncle Sam. In other words the governme-nt Is to pay out $s,nno.00o in cash and lose tile right to collect the- $2S. 000. 000. The class of accounts on which a settlement N desired on behalf of the states con.-ist.s of state claims for 5 per cent upon the net proceeds of the public lands disposed of f r bounty land warrants, Indian reservation and for cither purpose. Somes of the creditor stales. It mu.-t ho admitted, are not iM the debtor cIukj for thf-y vvewe not in e xistence as Hates a, the time the (fove-rnment ma le- the l-i-ins. I'pon tin- admi-"-i'in to the Union if the various public land sta'i-H, the e -nabliuK .iet.-i provided for the reser vation of ;. per cent of the net pro ceeds of the -ales of public land within e-ai-h slate for the benefit of that H.ete. K.i. h state stipulated ln return the exemption of public land" from taxation, the exemption from tax for a ceTtaln period of lands gi anted for military services, and the ceiuallty of i,ouri-s.-nt with resident land owners, or some like covenant. Tile- stale always have Insisted that they are entitled to the 5 per cent not alone up-'ii the- sales of public 1 ends for ca.-h. but alo upon the u-e of the lands for Indian reserva tions. For years the public land suite have a-kel for a settlement of these disputed i)UC-stion.i. Representative.- Hall's bill provides that the ac counts shall be stated, audited and the amount.s f mod clue paid. It might be said that the claim which Missouri has against the gov ernment n greater than the claim which the government haa gainst Missouri. The same thing la true of Illlrieels and of one or two other state.s. The" governors o! several stau-s are now represented In Wash ington by special agent who are pressing for legislation along the lines of the Hall bill. Gjj. oss : FOREST RANGER EXAMINATION IN M Civil Service Offers Opportun. lly to Capable Young Man With Good Salary. The United Ktateg civil service com. mission has Just announced that ex aminations will be held for the po sition of ranger at the supervisors' headquarters at every national for est on April 23 and 24. It la esti mated that 300 more rangers will be required during tho present fiscal vear than were on duty lant year, and ellglbles to fill these vacancies will be furnished the forest service by the coming examination. The ex aminations will be held ln seventeen tates and territories. In New Mex ico they will be held at Alainogordo. Albueiuerque, Capital!, Magdaiena, Santa Fe and Silver City, ln Arizona at llenson, Ikiuglas. Flagstaff, No ifales. ltoosevelt. Safford, Show' Low and iSprlngervllle. Applicants can secure Information on the examination from tne United States civil service commission, Wash ington, I). C, or from tho fortu-t su pervisor at any of the places men tioned In the seventeen states. Those who wbsh to take the examination should ask for application form 101(3, a copy of the "Use Hook," and a copy of "Information Regarding Km ploy -mont on the National Forests." The papers ln the examination will all be forwarded to the civil service com mission and the results announced in (hie time. I What Is .Needed. Kxpe-i ienc c, a thorough knowledge of forest conditions, lend a sound body, rather than book education, are the iiu.ilities sought In examining ap plicants who desire to becomes torest rar-gers. Tin; man must have the a.iility. however, to niako s.mple maps and write Intelligent reports upon forest business connected with tin- position. A ranger must be able to take care of himself and hU horse in regions remote from settlement ami supplies. Necessary ciualifica tlons of applicants include the knowl- ' lijc of trail building, construction oi c-.iliins and the ability to riue, pac-n and deal tactfully with all classed of people. They must also know some thing of the land laws, surveying, e.-tiniating and scaling timber, log ging, mining and the livestock busi-rie-srf. The applicant should be thorough ly familiar with the region of the country in w hich he see ks em ploy nut. t. In Arizona and New Me-xico the ranger must know enough Span ish to conduct forest bus.ness with the Mexican users of the nation'. for-est.-i. I'ersonal equipment and horses for use in connection with duty of a ranger are furnished by the rangers themselves, and not by tins forest ser vict. Working under the direction of the forest supervisors, tho ranger patrols the forests to prevent fire and tres- I'ei.is, eriieniaic. cut..;-. ' - .. .. . estlmatea, surveys and marks timber, supervises and perform oth- Wholesale Grocers Wool Hide and Pelt Dealers Albuquerque and Las Vegas "Kelly (Incorporated) J. V. Be kin. President O. Oloml, Vice President. Consolidated Liuor Company Successors to KELIXI EAKIN, aiul ilACIIECHI GIOM3 WMOLMBALK OKALKm IM Wines, Liquors and Cigars Wt lp trwylhiag la tfk t outfit ta matt fastidious bar oomploto Have bam apnolnud exclusive agents In the South wet for Joa. 8. Kchlltx. Wnu lenip and St. Louis A. li. C. Breweries; YelleeXone, Cireen River, W. 11. Mc Brayer's fVdar Brook, Louis Hunter, T. i Monarch, and other brands oi whiskies too numerous to mention. WE ARE) NOT COMPOUNDERS But sell the straight article s received from, the beat Wineries Distilleries and Breweries In the United States. Call and Inspect our Stock and prices, or writs for Illustrated Catalogue and I'Tloe List. Isbued to dealers only. oaoaoaoaoaoaoaoaooK3sOo riT.TV r VTT T A PT IT L. B. PUTNEY THE WHOLESALE GROCER FLOUR, GRAIN AND PROVISIONS Carries the largest and Most lizcluslve Stock of Staple Greceriee tn the Southwest. FARM AND FREIGHT WAGONS RAILBOAX) AVEXUE. iumomomiomosKmucymymomosKmo THE Albuquerque Lumber Co. WHOLESALE AND RETAIL Lumber, Glass, Cement First and Marquette er duties which a man thoroughly familiar with forested regions and lios-o-.-i.-ing -a, fair edueatiou is able to full. I. u!y those meu who are at least 21 yea is of age, and not more than 40, of good character, temperate and In go-.. I physical condition are eligible to : eke the examination. The salary ..i ,1 to beginners is $73 per month. 'oinpensation runs as high as (1,400 In r year for rangers who have had moii-- experience and demonstrate their capability. .Still better places are; open to these men, for it is tha policy of tho forest service) to fill va caneies ln higher position by the promotion of rangers wh-i have (.roved their capacity. Nu l"e to Die "I have found out that there is no ue to d.e of lung trouble as long as you i an get Dr. King's New Discov ery." says Mrs. J. I'. White, of Hush boro, l'-t. "I would not be alive to Jjy only for that wonderful medi cine. It loose ns up a cough quicker than anything else, an 1 cures lung disease even after the cae Is pro nounced hopeless." This most reli able remedy for coughs and colds, :.i grippe, asthma. bronchitis and hoarseness, Is soi l unjer guarantee at all dealers'. 60c and $100. Trial bottle free. & Co Chi. Msllnl, Secretary O. Bachechl, Treasurer. osKmcmDmosKmomxymornxmcmymym vcrp 1 TIT TOtrirr ft ALBUQUERQUE, N. M. m omomxmomcmomomcmomosMJmooxi and Rex Flintkote Rooting Albuquerque, New Mexico W. L. TRIMBLE & CO. UVKItT. RAI.R, FKKD AND TlSV.KLIt bl.Vlil tS. Horses an-1 Mules Bougnt and Ex changed. BEST TOURNOUTS IN THE CIT. Second Street between Central as Copper Avenu. THIRD STREET Meat Market All Kln.U of lYeMlt and Suit Me Meani Saiisaire i Hi leiiy. I '.M I j Kl.lKXWOItT Monle Muil.llng. North YhlM MILLINERY LATE hRRINQ STYLES 1'KICI S KEASONA I11.E Ladles-' Tailoring ana Dressmaking MISS CRANE SIM, seeid Rhone 944 Are you looking tor snine-mina; f Re member the waiet columns of The tCvenlng Citizen are for your especial beiielll. It taeks to the people and tbey talk to you.