The morning Astorian., April 11, 1909, Page 3, Image 3

SUNDAY, APRIL 11. 1909.
INTERNATIONAL IE
OF PRESS CLUBS
NEXT MEETINO TO BE HELD
AT BERMUDA ON MAY
22ND.
NEW YORK, April 10The Inter
national League of I'reii Clubs, hai
elected Bermuda an the place for
In tilling this year's convention which
will he held from May 22 to May 26.
Buffalo, Niagara Fall,-Atlantic City,
Seattle, Wanh., and Put- In-Bay, 0-,
were anxious to have the convention,
but announcement ha jmt been made
that Bermuda haa been choen. Del
egate will assemble here May 19
and will lail for Bermuda the next
day on the iteamer Bermudlan. A
plan for a benevolent organlaatlon
for newspapermen will be on of th
matter! discussed at the convention.
SCANDAL IN NAVY
cam rnxNCISCO. Aorll 10-
Holden A. Evana
decllnei either to affirm or deny the
report that he haa requeued fhe de
nirtment at Washlnaton to court
martial Lieutenant Franklin Wayne
Osborn, chief engineer of the monitor
C?5i
And All the Week
All the Latest Hits
10 FOR $1.00
MOON FACE
DOLLEY DEAN
SUNBURNT SALOME
GIRLS
PAREE
HAVOUKNA
RED MOON
AWFULLY STRONQ FOR YOU
TAKE A CAR
APPLE RAO
RAINBOW
FLIFFY RUFFLES
AND MANY OTHERS
CASH ONLY
At these prices, practically cost
to clean out the stock we cannot
charge cgsh only.
WHITMAN'S
BOOK TOR 13
The
, , . . mm fi i i i . i ate '' '
fHWSHSUli- JJ-i. i 1 '"
HIHI MIMIIMWtHtWWrWMIMIMMWMMMIIIMI
: li EUS I E H ii H E Ef Jit ii Sin :
Cheyenne, aa a sequel to the recent
divorce of Lieutenant Evana and bia
Ifo. J
Recent development! In the affair
have kept the Mare Inland let on the
itil vive for ome uch action on the
piirt of Kvam and the disappearance
of Mm. Evana from her uiual haunti
during the pant two wecki hai added
to the ihteret In the ease.
Osborn la with hli ihip at San
Diego.
INDIANS AND LIQUOR
WACttTNf.TOV, Anrll 10 For
"r? -, ah Tnrltnt. In tflU
anypenoi... - . "" 71
Indian country," to any way dispose can icicpnone.ami isikhiv" '"f
of or attempt to dispose of any plHt-' gny, Preaident Theodore N. Vail icts
uoui liquor or wine to any Indian for tne uim tatitics, which fo
under the charge of any Indian eupcrr (jcatc Dy the growth of the businesi
Intendent or agent, or Upon any in- ,ace which the telephone hold!
dian teervatlon, or within 25 mlleal. . ...
of any Indian reservation render! him,w"" i . . mm f ,
liab.e'.o be punished by Imprisonment ? ' Xt .
for hot more than two yeara ana ov
fine of not more than 30O if the out
Introduced bv Representative And
rew of Ne
Mexico i enacted lnto0f
law,
SERIOUS CHAROES
, i
To face I
NEW YORK. April 10.
trial by court martial, charged with
Irregularities In connection with ai-
Wed fraudulent draft! for mileage.
Captain Rex Van de Corput df the
yin tun iwiivij, nwi.-'..v. - . .
r.t-,11 M. C. h been ordered by
Malnr General Leonard Wood to re -
port here April 15. Captain Charles
E. Hay, Jr-, or the Zth infantry, win
he ludore advocate of the court. It
Is .aid that the charge! against Cap-
tain Corput are lerious, ai li Indicat-
ed by the fact that he la ordered from
the department of the gulf to the de-
partment of the east for trial.
, )
ALLEGED CAPITOL GRAFTER
IIARRI5BUKU. I'a.. April iu.
Tfnenh Hmton of Philadelphia, ar-
ctiltcct ot me sinre v-apuo.. w, u
parea on ",.. ; -
cnarBT crow utr out oi oviiu.
LrrounclinR on the con.tmctlon and
furniKhinic of the Capnol builtlinR.
c ..i it... j-f-ewlmr. nf wfinm
JCVVini Vlim hvivihiiiii --
.1 -- ft... In all. remain trt
incrc wrrc IWHUV h " .......... - vcivjscie b vv
he tried, Since the Indictment! were part ,Upplementing the other, account
returned two of the defendant! have ing or the most WOnderful of all fie
died and one or two othen have
tiroken nown pnycny or
'h?,rc I"" .v.,. .ho wa. .n-
!... j. i .1.. u..a t ,.hiir
erimciuicni ui '
ground! and buildings during the
period of the furnishing of the Capitol
Inhn H. Sanderson, the contractor
for the furnishings and decorations cl
the building, and William P. Snyder.
former auditor of the State, were
tried last sorinir. convicted and sen
tenced to two yean each In the pen
itentiary. They appealed and were
granted new trials, which will be held
later,
VIRGINIA LIBRARIANS MEET
PIf!HMOND. Va.. Aorll 10--The
t.lhrarv Association of Virginia which
was, formed last November, held a
meeting in this city toaay o com
plete the permanent organiration and
discusi plans tor tne tuture. ne oi
ficeri in charge of the meeting were
President. W. H. Sargent of Norfolk;
secretary, W..H. Black of Lynchburg,
and treasurer, E. O.'Ewem of Rich
mond. JEWELERS.
FINE WATCH REPAIRING AT
reasonable prices by expert watch
maker; work guaranteed. Call and see
me, J. Alanko, 355 Commercial. .
We will offer tomorrow , a delayed
shipment of new designs and shapes,
that are original, exclusive and des
tindive. They represent the latest in
Paris and New York styles. Model
creations of style and ef f ed that are
wonderful
We WM Also Offer
a big line of Novelties in Millinery
We will be pleased to show them
i to you
Style
434Commercial
TELEPHONE STORY ASif
TOLD BY FIGURES
SUMMARY OF ANNUAL RE
PORT OP PRESIDENT T, N.
VAIL OF A. T. & T. CO.
In the annual report of the Ameri-
. V7."7 , l
; "7:"-
valpm ai airailist 3,839.000 at the
i
the nreviout vcar. an increase
525,629 station Of the total, there
were 1.103,144 exchange ana ion na
tion! connected to the Bell lystem by
toll or lonedistance line!, but operat-
by aome 7,700 locals, co-operative, and
' , ..
rural inucyciiucm twii.aii.v. -
iatiom having aub-license or connec
tion contract!.
The renort alio let! forth the re
lation of the American Telephone anJ
-
Teleeraoh Company with the associ
ted companiei. Ai there related, it
txhjbiti the American Telephone tni
Telegraph Company and ita aisociat
.
, . tb SMOciatl(i
. . ,
compan.es each doing it part in it
particular terr.tory-in providing th,
facilities and operating the plant-
while the American Telephone and
Telceraoh Company binds them all
together in one united whole, with its
long.dijtanre htt and centralized
. ...,.,
os,;,(nnr. and co-operation
whic h ,ke rcc.uire w1lne not in
- , .
terfering with any function part.cular
to eacn.
Tn thU wiv the Rcll ftvstcm has de
" -j '
...tn.J n a Atua ai n i t r rt n'hole rarh
developments of the most wonderfu!
in5trument of public utility, conven
ice. comfort and nece.si.y of mod-
ern time!
,
The report calls attention to the
difference between the development
in this country and Canada, and that
0 0ther countries and to the differ-
ence in value as well as cost of service
such as is civen In this country is
compared with other countries. While
the average nrice for all users in this
country is, relative to wages, cost of
construction and other expenses,
about the same as if not lower than
in any Other country, the greater
value makes it far cheaper to the pub
lic in this country than in any other,
and if there are greater maximum
prices there is also greater maximum
value. Prices are relative to value
not to cost.
The Bell system, that ia the Ameri
can Telephone and Telegraph and
associated companies in United States
and Canada, i for the first time
shown as a whole. The figures are
astonishing. The gross valuation of
plant, working capital and working
accessories is given as about $680.
000,000 while the outstanding obliga
tions in the handa of the public are
eiven as about $600,000,000. The pub
lie are only required to pay dividends
St
Shop
THE MORNING ASTORIAN, ASTORIA, OREGON.
Get in the
Path of Prosperity
Our Representative will
be In Astoria only two
days. Today and Monday.
See him at the Merwyn
Hotel, Room 38.
and interest on this $600,000,000 while
thev receive the service of $680,000,-
ooo of plant This plane, so far as any
definite independent appraisements
are concerned, has a replacement
value of considerably above that
amount
The surplus has come from aeveral
causes the profits of the business
during the years that, no dividends
were distributed to the shareholders
the amoifnt of maintenance ana re-; mem oi propeny ng.am v"
construction and depreciation invest-benefit; and to the fact that the claims
ed in the betterments as against future of the Bell people that service could
" .
requirements. j
As the Supreme Court of the United
State, has laid down as an obligation,
not merely a duty, of corporate man-
agers to provide fully for these items
of maintenance, reconstruction and
depreciation before dividing profits
between the shareholders, the action "r w...8 -----
of those in control of the Bell system what they claimed would happen, did
is not only obligatory but it is com-, happen.
mcndable that they without compul- j Another feature of the business ia
sion should have been so conservative, the wide dispersion of the interests
The public is getting the benefit ol in the companies composing the sys
this plant without paying interest or. tern.
dividends on its cost. During the t the American Telephone and
current year over $40,000,000, was ex- Telegraph Company, with over 26-370
pended or set aside tor maintenance
and depreciation.
The report also makes clear tha-
under the existing knowledge and ex- -
perience. this provision for the items
of maintenance is conservative and
necessary to provide for extraordm-: jn these days of large concentra
.... anit exnlains that nf nnwer. this certainly is a
this provision will be reduced as fast
as a wise management and conserva-
tive policy can aee ita way to do so.
the
IlUUUICl .M.v ...v --
permanent nature of the plant as com-
pared with the temporary nature ot
past years.
Iron wires are things of the past,
amounting to only four per cent o." Company, there ars some 70.000 in
the value of the plant the rest of the dividual ownerships-or nearly as
wire being copper. Fifty-seven per
cent of the exchange wires, over
8,000,000 miles, are underground in
permanent conduits, and forty-three
ner cent on poles. Four per cent, of
ee total value of this wonderful sys-
tem is real estate, twenty per cent, is
undemround conduits and cables.
eighteen per cent, is copper wire open
and in lead covered cables on poles.
Office and substation equipment, or
what might be called terminal facili-
ties, constitute twenty-three per cent
of the whole. It might be argued
that with this permanency the main -
tenance provision is excessive. It is
excessive only in that it provides
CXIU93IV. .
against the unknown future on the
ti.,'. nf the known nast. and that
whatever is excess is not wasted but
exists in an improved perfect plant
without which good service cannot
be given
This statement of all companies al -
so shows that there was a divisible
siimlus after interest charges of the
system as a whole, of $34,000,000 f
which $21,000,000 only was divided
among shareholders, leaving undivid
ed $13,000,000.
It would seem impossible to maintain
successfully any charge of extortion
when the shareholders of a system of
this importance and magnitude only
divides between themselves, three per
cent, on the total valuation of the
plant.
This represents the conservatism ol
the past in allowing the surplus earn
ings to go into the plant instead of
beintr divided in the shareholders'
pockets, in this way creating a stabil
ity and certainty which must be most
comforting to the shareholders.
Attention is also drawn to the fact
that notwithstanding the business de
pression the business of the telephone
company shows an increase, not quite
so great as some years, but still an
increase.
DURING tha past two yeara thousanda of persona have bought lot! in Porthnd, AND
THE BEST PART OF THE STORY is the fact that these lota have more than
doubled in value. THESE INVESTORS ARE SHREWD ENOUGH TO KNOW
that' the wonderful influx of newcomers, the enormoua Investments by Harriman, Hill. Swift
and others, and the great activity in Oregon in general, means 500,600 people in Portland In
very short time. THESE NEW PEOPLE MUST HAVE HOMES, and Iota bought now in
... GREENOE HETdHTS .:
On the line of the United Raflwaya (RAPID TRANSIT), now building will be sold to them for
aeveral times the present purchase price. WHAT RAPID TRANSIT HAS DONE for Los An-
geles, Oakland, Berkeley ana otner tamorni crae
Second Addition. Oa a:count of first being
Action must be quictc. Open eveaings and Sanday.
Without any further comment, this
would show the hold that the business
has on the public, and warrants the
statement contained in the report that
"it has become the nervous system of
the business and social organization
of this country" a graphic limile of
the relation it holds with the public
Attention is called to the misleading
statements made by mistaken people
for various reasons, all to the detn
. . ... a
be given tor some oi me price.
or on tne erms prom.seu iu
proven by tne tanure, cosn,cu?
?JZ
. '
"oras. ne v y
be cnUcise,. or anUgonu
shareholders, homing an aggregate ?i
1,584.766 shares, 26,213 held an aver-
age of 43 each, while there were 133
shareholders with an average holding
of 2,140 and 4 shareholders holding a
total of 121.000.
unjqUe corporate situation; and what-
ever the concentrated power or posi
tion of the company in the field of
oneration. it is still an aggregation of
individuals self-controlled. 1
Taking the associated and connect-
ed companies together witn we
American Telephone and leiegrapn
many as tnere are iciai employee,
which is given at 98,000 in the United
States. If the Bell of Canada and the
Western tiectric company were tu
eluded, there must be 125,000 employ
ees who are dependent on and contn-
bute to the weliare of tne Ben system,
: So far the Bell system as a whole
has been considered. Taking the
American leiepnona ana xcieSrpH
Company by itself, its showing must
be a satisfactory one to those inter-
ested. The net revenue increase
I from over $16,000,000 to over $18,000-(
, 000 while after paying $12,459,156 in
dividends, against $10,943,644 last
year, an increase of $1,515,512 there
V
j remained an increased surplus more
than sufficient as is stated, without
any increase in net revenue during
the current year, to take care of any
additional burden which may be im
posed by the conversion of all out-
j standing convertible bondsand still
leave a handsome surplus. ;
Another feature of the report is
ti,at the company is financed to meet
a of ;ts current obligations up to I
and including 19l6, included in which
are $31,000,000 in short term notes
of the American Telephone and Tele-
eraDh Company and of the Western
Telephone and Telegraph Company.
In confirmation of the statement in
last year's report that the Bell Com
panies had nothing to conceal and
nothing to apologize for, the report
further calls attention to their exper
iences df the oast year with the pub
lic bodies, stating that frankness and
candor on the part of the Bell Com
panies had been met with appreciation
and a desire to ascertain the real con
ditions and to meet them fairly.
A walk by 537 Commercial street
means money In the purse for all those
contemplating to purchase a Summer
Suit or Easter Bonnet.
mi-i.
oversubscribed
C; JOwen Co.
LUMBER EXCHANGE BUILDING
SECOND AND STARK .
PORTLAND ' - " '
iff
r DM-'-
.The
.!.; Chicago
Tlie House of
Kuppenheimer
Better made clothes for Spring & Summer 19o9
We want you to carefully consider every line of
clothes that clothiers or advertisements recom
mend; study them all and be governed accordingly-,
- r-.:' .- ' ; J'"; '! , " "'
Will be satisfied because such comparison must
result in our favor ;V
imported and domestic all-wool clothes and the
very finest custom -Tailor, construction enter
into the making of Kuppenheimer clothes
$20 to :$3
Others 12j:to $14
You can save $5 by buying
your Spring suit ofus
I"! Pninnnoo
1 572BondSt;
Ad Quickly
. "
Howe of Kuppenhamer
i
Buy
o
Entrance Calender's Wharf