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Show TELEPHONE STOCK Bell System Shares Earnings With Employes (Special to the Pyramid) Denver, Colo., Jan. 7 The American Amer-ican Telephone and Telegraph Company Com-pany announces that arrangements have been made by which employs of the Bell System who have been two years or more in the service and who so desire may purchase stock of the Company for $110 per share on easy terms of payment. No employe can purchase more than one share for each $300 of annual wages he receives, nor more than ten shares whatever his wages. The terms of payment will be $2.00 per share per month beginning with March, 1915, and the quarterly-dividends quarterly-dividends paid on the stock will go towards paying for it after deducting deduct-ing interest at 4 per cent per annum on the unpaid balances. The American Company has paid 8 per cent dividends for seven years, and it is calculated that divedends at this rate and the $2.00 per share per month payments by employes will pay for the stock in full by November, No-vember, 1918. Any employe who so desires can after March 1, 1917, but not before, pay in the balance on his stock and receive his stock certificate. Should an employe leave the service ser-vice or die before his stock is fully laid for, the amount he has paid in plus the accumulated dividends (less 4 per cent interest) will be paid back. The American Telephone and Telegraph Tel-egraph Company is the parent company com-pany of the Bell Telephone System which operates or connects with eight and a half million telephone stations throughout the United States. It has about 60,000 stockholders and 160,000 employes. Its issued capital stock is nearly $350,000,000 and is quoted on the Stock Exchanges Ex-changes at about $118 per share. The company makes it plain that no employe is under any obligation to buy any stock, but it is believed that a considerable number of employes em-ployes will take advantage of this opportunity to save a little money and invest it in the business. |