OCR Text |
Show A Significant Fact "It is significant that the United States has 64 per cent of the world's telephones. Europe 26 per cent and the rest of the world 11 per cent," says the Vallejo, California, Evening News, in an editorial. "It is also significant that there are 13.7 telephones per hundred hun-dred population in this country, while Europe has 1.3 and Asia but 0.1. "Fifty years ago the telephone was an impractical invention, representing so much wasted time for' an equally impractical inventor. Now the American Ameri-can people each year talk 20,500,000,000 times over the telephone "Some importance must be attached to the fact that 71 per cent of the world's telephone lines are owned by pri vate capital and that 88 per cent of the lines controlled by private capital are in the United States. Private ownership owner-ship of the telephone, it is manifest, has not retarded its growth in this country." |