Identifier: bellvol24telephonemag00amerrich (find matches)
Title: Bell telephone magazine
Year: 1922 (1920s)
Authors: American Telephone and Telegraph Company American Telephone and Telegraph Company. Information Dept
Subjects: Telephone
Publisher: (New York, American Telephone and Telegraph Co., etc.)
Contributing Library: Prelinger Library
Digitizing Sponsor: BayNet

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of the early 20s and theearnings over the entire span of thepast 25 years, say about mid-way be-tween the two, or between 8^/2 and9 percent. 3. If one-third of the capital costsa little over 3 percent and two-thirdssomewhere between 83^ and 9 per-cent, then the average earnings re-quired on total capital figure out tobe at least from 63/2 to 7 percent. These earnings required to do thejob ahead are not high. The Systemdoes not ask that they be high—itonly wants them to be high enough todo the job. And the difference be-tween earnings that are high enoughand earnings that are too low is oftremendous importance. Earnings high enough mean thatthe Bell System qan go forward andimprove its service, increase employ-ment, pay good wages, develop fur-ther ways and means of increasingthe value of the service, and in thelong run continue to reduce its cost.Experience proves it. It is becausethe Bell System as a whole has ob-tained enough money to do its job 152 Bell Telephone Magazi?je AUTUMN
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Reasonable Earnings to Insure the Best Service ^S3

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