File:Bell telephone magazine (1922) (14569716990).jpg

Identifier: belltelephonemag13amerrich (find matches)
Title: Bell telephone magazine
Year: 1922 (1920s)
Authors: American Telephone and Telegraph Company American Telephone and Telegraph Company. Information Dept
Subjects: Telephone
Publisher: (New York, American Telephone and Telegraph Co., etc.)
Contributing Library: Prelinger Library
Digitizing Sponsor: Internet Archive

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facilities which the Bell System providesfor telephone communication with foreign countries, most ofthe worlds telephones can now be reached from Bell-owned andBell-connecting telephones. Thus the direct business descend-ants of the founders of the enterprise continue mainly re-sponsible for the nations telephone service. The building of the Bell System covers a period of morethan half a century, and at the present time nearly five billiondollars of investment are devoted to furnishing its telephoneservice. This construction of plant has been financed largelyby issues of capital stock and bonds of the parent company of 128 OWNERS OF THE BELL SYSTEM the System, that is, by the American Telephone and TelegraphCompany; but a number of its 24 Associated Companies, eachof which operates the local and interurban telephone lines inone or more states throughout the country, have also sold se-curities to the investing public. NET ASSETSAND CAPITAL OBLIGATIONS IN MILLIONS OF DOLLARSBELL SYSTEM
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I TOTAL CAPITAL OBLICATIOnJI 4000 -3000 2000 1000 oooooooooo — — — — — — — — — — (\jruf\jfU(\Jf\jojfyojrur>rono Capit.\l Obligations of the Bell Companies in the Hands of the Public at theEnd of 1933 Were Ont,y Two-thirds of the Total Assets. At the end of 1933 the capital obligations of the Bell Systemwere held by some 850,000 investors. A general classificationof these investors according to type of security held is givenbelow: SecurityHolders Par ValueHeld AverageHolding Bell Svstem Bonds 180,000* 108,000 33,000 681,000 ? 921,200,600 97,937,600 133,147,700 1,866,227,500 $5,100 Associated Company Preferred Stock Associated Company Common Stock A. T. & T. Stock 9004,0002,700 Total Bell Svstem 1,002,000850,000 $3,018,513,40053,018,513,400 $3,000 Total excluding estimated duplicationsin holders $3,500 * Estimated 129 BELL TELEPHONE QUARTERLY Thoroughly American in character, this investment owner-ship represents a true cross-section of the nation—the averag

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