Show Phone Official Outlines Need If earnings of the bi Mountain States Telephone and T Co are insufficient to attract act investment investment in investment in- in vestment capital th the company company will willbe willbe be unable to go ahead with telephone service improvement program in in Utah in 1949 This testimony was given by R. R M M. Morris Denver company vice president Wednesday at a hearing at the capitol Testifying before state public service commission on a company petition to increase rates about annually Mr Morris torris s said id that for M 11 S T T to compete with other industries for investors' investors money company earnings must be e increased Maintenance of the company's credit and confidence In the integrity integrity in integrity in- in of the busin business ss are among the basic elements clements necessary to Lo successful operation of our business business busi busi- ness asserted Mr Morris Morns The witness presented present d statistics comparing annual earnings of 1000 manufacturing companies in the nation with earnings of telephone companies during the period 1942 1947 These companies showed sho a composite earning of 11 Z while telephone companies earned 6 67 1 Company officials expected to conclude their testimony late Wednesday |