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Show The Great Telephone. Jt'Iffhl I New Yobk, January 23. An article in the I World says: To fully understand the interest inter-est which Attorney-General Garland had in breaking down the Bell patent, it will be necessary to recapitulate a little. First there was $500,000 in stock in the Pan Electric Elec-tric Telephone Company, and one-tenth of the whole company was his. Then there is the $400,000,030 capital stock of the licensed companies, of which fifty per cent, or $16,000,000 belongs to the Pan Electric Company; of this one-tenth or $1,663,000 belongs to Attorney-General Garland; but that is not all or even a small part of what would result from the breaking down of the Bell patents. In that event there would not ; be eight, but at least fifty companies with j capital stocks averaging $5,OC3,0C0 each that I would seek' licenses from the Pan Electrio ! Company. Two hundred and fifty million dollars is an exceedingly small estimate of the amount at which the companies using the Pan Electrio telephones would be capitalized, capi-talized, if the Bell patent were invalidated. Forty per cent, or $100,OC3,0C0 of this stock would belong to the Pan company. One-tenth One-tenth of that, or $10,000,000, would be the property of Attorney-General Garland. Paying Pay-ing only 5 per cent, and this is a small allowance, he would have an income of over $500,C00, and that without being out one dollar. - |