National Geographic : 1919 May
Our Stockholders There are over 135,000 stockholders who own the American Telephone and Telegraph Company. This great body of people, larger than the entire population of such cities as Albany, Dayton or Tacoma, share the earnings produced by the Bell System. More than 45,000 of these partners are workers in the telephone organi zation. They are linemen, switch board operators, clerks, mechanics, electricians. The vast property of the Bell Sys tem represents the savings of these H~iORE4,k thousands of people, in many cases all their savings. In the truest sense of the word this big public service corporation belongs to the people. The people own it and the people receive the profits. More than 93% of its stock is owned by persons holding, each, less than one ninth of one per cent. The Bell System is a real industrial democracy. On its economic opera tion depends the future independence of many citizens of small means, as well as the profitable employment of thousands of other men and women. AMERICAN TELEPHONE AND TELEGRAPH COMPANY AND ASSOCIATED COMPANIES One Policy One System Universal Service "Mention The Geographic-It identifies you"