OCR Text |
Show Profits of Telephone Trust. (t I Now York. Tho nnnunl report of President Vnll of tho American Tolo-phono Tolo-phono & Telograph company, shows profits of $23,479,000, against $17.-857,000 $17.-857,000 last year. Mr. Vail speaks of tho vast ramifications ot tho present pres-ent system, saying thnt It is national In character, with millions or Biib- ' Bciibcrs connected by millions or miles or circuits with local exchange fcystoms, all bound Into ono lnrgo, comprehonslvo systom embracing 1,-Gfi 1,-Gfi 1,000 miles or wire. Tho roport speaks favorably of public control. |