We Believe the People Should Know

the Truth About Our Business

TOWARD
THE
PUBLIC

     We strive for full publicity regarding our work. We believe the people have a right to know what we are doing and why we are doing it -- to know how much money we take in and how we spend it.

             Every cent we pay for taxes, wages, materials or other expenses, comes out of the revenue received from the people, and we think they. should know the truth about our business.
     Our accounts are kept according to the best known methods, so the public at any time may know, through their governing bodies, how we are conducting our business.
     We endeavor to use the beat equipment made and to render to the public the most efficient and dependable service that modern science and engineering can produce.
     We sell this service at the lowest rates at which such service can be furnished and yet pay good wages to our employees and a reasonable return to our investors.
     Constructive criticism of our policies or practices is welcomed.

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TOWARD
OUR
EMPLOYEES

     It is our policy to pay good wages in order that we may procure and retain capable employees.
     Also, we believe it is economy and good business judgment to pay high
enough salaries, to those who have proved their worth, as will encourage

the younger people in the organization to work faithfully with better positions as their goal.
     We strive to assist worthy employees to save a part of their earnings by making it easy for them to acquire a financial interest in the business. Nearly half of the men employed by this Company are stockholders.
     With no expense to employees, we provide for their sickness, disability, injury, old age or death in a broader spirit than any other corporation or government.
     To make for the highest efficiency in the organization, we rigidly enforce the principle of advancement of employees dependent upon integrity, ability and meritorious work alone.

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TOWARD
OUR
INVESTORS

     The steadily increasing requirements of the public for more and better telephone facilities makes it essential that we obtain large sums of new
money each year.

              In order to get this money for the extension and improvement of our local and long distance service, it is essential that we pay fair dividends. No man will put his money in an enterprise unless he feels confident that it will be safe and that he will receive a just return on the amount he has invested.
     We have no "watered stock." For every dollar's worth of securities issued a dollar has been invested in the property of the Company.
     It is our policy to protect the investment in this Company's property by maintaining a surplus and depreciation reserve adequate to keep the equipment up-to-date and in constant good repair.