Show e SCAN SCAN ADS WANT T V n T I WILL buy cash register adding machine ma- ma chine typewriter WY or 1 SI Rug Shampoo and we do large rug like itice new on your floor for SI 1 Just v 4 Mr ta reg price to snow n y you How lW rl Easy Agents wanted every city REDUCED prices on footballs basketballs bee bas sulking bags W l pay cash for old Shotguns h t and andl l t Rifles ESTATE ESTATE gas gu lik new 40 For quick sale Heres Here's a a E 80 ESTATE TAT c coal used 4 moo moB s 45 Nl REW or r J Used d Wringer Rolls Rolla for tor any C Section Cross washer waher SOc up El EI Vacuums cleaned overhauled 1 Bags Sags brushes etc o 0 02 2 Col 48 WANT WiiT man or boy work spare Ipare time tim k as so payment on new or used El EI Washer or Vacuum etc ete Also Alo M. M Miscella Miscellaneous II F For S Sale SaIe I want painter and emS carpenter Isee or a e USED El EI Washers Vacuums Vacuum 2 or 5 55 down SOc wk Amount paid l allowed I on new one later tj New TOe n 1 wk 3 FIRE JURE tRE SALE SAJE I Ni New 12 12 to 2 20 off on new washers vacuums el ci flo r polishers etc Waffle irons toasters percolators etc Slightly smoked rut hut same ame a. a ew Some Borne In tn original boxes boxel ESTATE coal circulator large laue size 20 CHEST HEST of ot drawers 6 fine cl china i cabinet 12 roll roll roif top office desk and swivel arm ann chair 19 10 GOOD STUDIO DIO COUCH green reen cov coy ers 1250 GAS range Cl Clark Jewel oven con control I f excellent condition Must sell ell at once Washers and Vac Cleaners Bargain Counter Wringer toils lolls and service OF THE INTERMOUNTAIN EMPIRE USE EMPIRE USE IT ITI I It riots ThU b is not an Offering Prospectus The Tile offer of 01 these Debentures is i made only by means mean of 01 the Offering Offer Prospectus This It La published hed on behalf of 01 only those thoe of the tile undersigned who are reg registered dealers deale in securities in n this thi State tate This issue ue though reg registered is la not approved or d disapproved by bg the Securities and Exchange Comm Commission don V which does doea not pass lau on the merits merit of 01 any anI registered securities I I of which are publicly offered American Telephone and Telegraph Company Thirty Year 3 3 Debentures I Dt Dated d b December cem er 1936 1 Due December 1 1966 I i Interest payable June 1 and December 1 in York lork City I Coupon Debentures in denominations of 01 1000 and 1500 a. a as to principal Re Registered Debentures in denominations of f and Coupon Debentures and registered Debentures Debenture and tile several denominations interchangeable Redeemable at the option of 01 the Company in whole echoic or in impart part upon at least lead 60 days days' notice on any interest payment pal date at the following prices with critic accrued interest to and including December 1 Ii 1941 2 thereafter to and including June 1 1956 thereafter to and including June 1 2 1961 and thereafter thereafter The following i i is merely a brief outline of 01 certain information contained in the Offering Prospectus and is subject to the more detailed statements in the Offering Prospectus and the Registration Statement which also include important information not outlined or indicated d herein The Offering Prospectus which must be furnished furll to each purchaser should be read prior to any purchase of 0 these Debentures TU TilE COMPANY American Telephone and Telegraph Company incorporated in New York in 1885 and It its telephone subsidiaries are engaged principally in furnishing hing communication services mainly telephone service ervice in the United States The properties of the Company conS consist d mainly of toll toil lines and toll switchboards switchboard and those thoe of its telephone subsidiaries consist mainly of 01 exchange and toll lines linea switchboards witch board buildings te telephone phon instruments and related equipment The Company and its ita telephone subsidiaries are subject to regulation by bl th the th Federal Communications Communication Commission and by public service commissions or state ate or local authorities within e their respective jurisdictions The Federal Communications Commission Comm is presently engaged in an investigation of the Company and its ita subsidiaries Western Electric Company Incorporated a telephone non subsidiary U is engaged principally in the manufacture of 01 telephone apparatus and equipment about 90 of which is sold old to the Company and it its telephone subsidiaries CAP CAPITALIZATION IT ALIZA TION CD Tt Th Com Company Compu said and d lt lea p l T n CoB olt Ute ll I Jun Ju 0 UJ m as o 1 Funded Debt of 01 subsidiaries consolidated f j Notes Sold to Trustee of 01 Pension Funds subsidiaries Funds subsidiaries consolidated Funded Debt of 01 the Company Notes Trustee of 01 Pension Fund Fund Company Preferred stocks stock of 01 subsidiaries consolidated held consolidated held by bl the public I Common stocks stock of subsidiaries consolidated held consolidated held by the public j Capital Stock shares hares par value alue of the Company j C Giving OivIn effect to the issuance De Debentures and ani to th tM the Issuance C. in October 1986 1936 of of Twenty Twenty- Five Year 3 s' s Debentures due October 1 IS I and to the redemption on December January 1 1987 and I February 1 of 01 three issues of 01 bonds bonc or debentures aggregating the he total Funded Debt of the Company would be Represents par or stated value I tIn n Im addition as of June Jun SO O 1936 1986 there ther were shares hares under subscription at fl 0 per share Mr by y employees including tn in ing officers of the Company and end of certain other corpor corporations f to which the tk Employees Employees' Stock Plan flan was t extended shares are authorized for lor or issuance Iu nce to cover conversions of 01 J certain c bonds of ci tie the Company The net proceeds exclusive o of accrued interest from prom the sale ale of 01 the Debentures after deducting OF 01 ISSUE the estimated expenses of 01 time the Company in connection with such sale ale are expected to approximate and are to be applied toward time the retirement of tine the Company's presently outstanding issue of 01 of Thirty-Five Thirty Year 5 Debentures Debenture due February l 1 1965 1963 which the Company is calling for redemption on February 1 1937 1931 at of their principal amount and accrued interest Time The Company expects to obtain the balance approximately of the requirements for such uch redemption exclusive ve of 01 accrued interest from its current cash and temporary cash in investments estment EARNINGS The following figures are taken from the Consolidated Income Statements of the Company and itt Its principal telephone subsidiaries in the Offering Prospectus and must be read in conjunction with such uch income statements and the notes appended th thereto reto Other Income as shown hown below includes dividend interest and miscellaneous income of the consolidated group It also includes the proportionate interest of 01 the companies comprising the consolidated ded group group in the earnings earning or deficits after dividends of all subsidiaries not consoli conoll dated including Western Electric Company The Offering Prospectus al also o contains contain separate Income Statements of orAm American rican Telephone and Te Telegraph graph Company The Registration Statement nt contains in addition to the foregoing Consolidated Profit and Lou Lost Statements of 01 Welt Western ern Electric Company and its it owned directly subsidiaries uie SI Month Monh 1 Jun SO 30 7 yr Yr Tear 1934 las r 1933 Operating Revenues es 1 si i j I Net Operating Income i Other Income 5 I Tot Total Income lIncome I Interest and Other Deductions 64 Consolidated Net Income amount The Tine figures for or 6 1934 reflect adjustments made in n v various rl u accounts account in connection with with- refunds ordered 1 in certain Tat rot cases catI Provision if il any required for Federal surtax on undistributed earnings for 1938 c cannot b. b until til the th end nd of II the th e 1 year 1 I DEBENTURES The Thirty Year 4 3 Debentures Debenture will be issued under an Indenture dated as of 01 December 1 1193 isu between the Company and The First National Bank of 01 the City of New York Trustee This Thia issue of Debentures I ts Is not secured It ts la limited to but the tine Indenture does doea not limit the tine amount of 01 other securities or indebtedness either secured or unsecured which may be issued or incurred by the tine Company or by subsidiaries of the time Company The Indenture contains a It covenant that if the time Company shall pledge a as security for any indebtedness or obligations any stock tock owned by it at the time date of 01 said Indenture or thereafter acquired of any telephone corporation doing business in the time United States of America or of 01 any corporation owning 50 or more of the v voting ting securities of 01 any such SUell telephone corporation th the Company will secure the outstanding Debentures Debenture of 01 this thi issue ratably with wit the indebtedness or obligations secured by bl bluch such uch pledge UNDERWRITING Subject to certain terms and conditions the Underwriters named in the Offering Prospectus I have severally agreed to purchase an aggregate of 01 of 01 these Debentures from the Company at or a total of plus accrued interest t Such Debentures are to be offered to the public at or a total of 01 plus accrued interest The underwriting discounts discount are 2 or a total of There is 3 no firm commitment forthe remaining of 01 Debentures Debenture but the Company i is withholding such ucla Debentures Debenture for sale on or before February l 1 1937 1931 only to the time Trustee of 01 Pension on Funds established by the Company i and by l certain of its subsidiaries without underwriting discounts or comm commissions l om at or a total of I plus accrued int interest ret Price and Accrued Interest The Underwriters including the undersigned and the others named in the Offering Prospectus have a agreed reed to purchase purchase- of 0 these Debentures on the terms and conditions set forth in the Purchase Agreement including the approval of o legal ledat matters by Davis Polk Wardwell Gardiner g Reed counsel for the Underwriters and Mr Charles M. M Bracelen counsel for the Company It is expected that delivery of 0 Debentures in temporary form will be made at the office of J. J P. P Morgan Mordan 9 Co on or about December 18 1936 1956 against payment in Veu ew York funds The Underwriters have authorized the purchase and sale in the open mar market et or other otherwise ise of 0 these Debentures and of 01 the Company's Twenty-Five Twenty Year rear 3 S 4 Debentures du due October 1 1961 for lor their several accounts either for long lont or short account within the limits and durin during the period set forth in certain agreements referred to in the OJ Offering Prospectus Further information particularly financial statements ts Is contained in the Registration Statement on file with wit thi I Securities and Exchange Commission and in the time Offering Prospectus which h must be furnished furn to each purchaser and ts Is obtainable from Iron only such uch of 01 the tine undersigned as a. are registered dealers in securities in th tints this State t i fi r f. MORGAN STANLEY CO 1 v 1 KUHN LOEB co KIDDER PEABODY Y co LEE HIGGINSON CORPORATION THE FIRST BOSTON CORPORATION BROWN HARRIMAN CO T EDWARD B. B SMITH CO Dated December S 1936 S 1 r |