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Show of tho compnny nml I nm ready to anil out nt fifty cents on the dollar. Ten years ago when I went into tho business I was certain of having a bonanza, but in throe years I discovered my mistake and was glad to realize six por cent per annum on my investment. Last year tho stockholders got only one- por cent, and this year they wont got that." "The company covers other than Salt Lako City territory, dooa It not?" "Yes, sir; tho Rocky Mountain Boll Tolephono company covers territory in two states and two territories." "Then the dividends you speak of ure tho result of tho whole system?" "Yes, sir." "Is the public to undorBtand, then, that you propose to make Salt Lako City pay for your losses up north?" "No, sir; wo keep an accurato account of tho income and expenses of each lino, and Salt Lako City, by itsolf, is a sourco of loss to the company at tho present rates. We have nearly 500 subscribers sub-scribers in this city, to be sure; but our experience is that every subscriber above 100 adds to tho cost of the servico to overy individual subBcribor. Evory new subscriber requires a new lino, nnd and this costs money. We have talked to nuke a number of those who have protested against the advance in rates, and many of them are satisfied thut the company is compelled to follow the course outlined in the circular complained com-plained of. We shall not reoodo from tho attitude we have assumed." THE TELEPHONE WAR. The Company Propowt to Stand Tat on Ita Rain. "What about the telephone war?" was asked of Mr. Annett manager of the Salt Lake telephone exchange. "Well, we propose to move right along," replied he. "Do you intend to keep to the terms of your circular and stand by the increase in-crease in rates after the end of April? "Yes, sir; we can do nothing else. 1 have about 122,000 invested in the stock |