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In¡¡thirty¡¡years£»¡¡the¡¡Western¡¡Electric¡¡has¡¡sold¡¡sixty¡­seven¡¡million¡¡dollars'¡¡worth¡¡of¡¡telephonic¡¡apparatus¡¡to¡¡foreign¡¡countries¡£¡¡But¡¡this¡¡is¡¡no¡¡more¡¡than¡¡a¡¡fair¡¡beginning¡£¡¡To¡¡put¡¡one¡¡telephone¡¡in¡¡China¡¡to¡¡every¡¡hundred¡¡people¡¡will¡¡mean¡¡an¡¡outlay¡¡of¡¡three¡¡hundred¡¡million¡¡dollars¡£¡¡To¡¡give¡¡Europe¡¡as¡¡fit¡¡an¡¡equipment¡¡as¡¡the¡¡United¡¡States¡¡now¡¡has£»¡¡will¡¡mean¡¡thirty¡¡million¡¡telephones£»¡¡with¡¡proper¡¡wire¡¡and¡¡switchboards¡¡to¡¡match¡£¡¡And¡¡while¡¡telephony¡¡for¡¡the¡¡masses¡¡is¡¡not¡¡yet¡¡a¡¡live¡¡question¡¡in¡¡many¡¡countries£»¡¡sooner¡¡or¡¡later£»¡¡in¡¡the¡¡relentless¡¡push¡¡of¡¡civilization£»¡¡it¡¡must¡¡come¡£

Possibly£»¡¡in¡¡that¡¡far¡¡future¡¡of¡¡peace¡¡and¡¡goodwill¡¡among¡¡nations£»¡¡when¡¡each¡¡country¡¡does¡¡for¡¡all¡¡the¡¡others¡¡what¡¡it¡¡can¡¡do¡¡best£»¡¡the¡¡United¡¡States¡¡may¡¡be¡¡generally¡¡recognized¡¡as¡¡the¡¡source¡¡of¡¡skill¡¡and¡¡authority¡¡on¡¡telephony¡£¡¡It¡¡may¡¡be¡¡called¡¡in¡¡to¡¡rebuild¡¡or¡¡operate¡¡the¡¡telephone¡¡systems¡¡of¡¡other¡¡countries£»¡¡in¡¡the¡¡same¡¡way¡¡that¡¡it¡¡is¡¡now¡¡supplying¡¡oil¡¡and¡¡steel¡¡rails¡¡and¡¡farm¡¡machinery¡£¡¡Just¡¡as¡¡the¡¡wise¡¡buyer¡¡of¡¡to¡­day¡¡asks¡¡France¡¡for¡¡champagne£»¡¡Germany¡¡for¡¡toys£»¡¡England¡¡for¡¡cottons£»¡¡and¡¡the¡¡Orient¡¡for¡¡rugs£»¡¡so¡¡he¡¡will¡¡learn¡¡to¡¡look¡¡upon¡¡the¡¡United¡¡States¡¡as¡¡the¡¡natural¡¡home¡¡and¡¡headquarters¡¡of¡¡the¡¡telephone¡£



CHAPTER¡¡IX

THE¡¡FUTURE¡¡OF¡¡THE¡¡TELEPHONE

In¡¡the¡¡Spring¡¡of¡¡1907¡¡Theodore¡¡N¡£¡¡Vail£»¡¡a¡¡rugged£»¡¡ruddy£»¡¡white¡­haired¡¡man£»¡¡was¡¡superintending¡¡the¡¡building¡¡of¡¡a¡¡big¡¡barn¡¡in¡¡northern¡¡Vermont¡£¡¡His¡¡house¡¡stood¡¡near¡­by£»¡¡on¡¡a¡¡balcony¡¡of¡¡rolling¡¡land¡¡that¡¡overlooked¡¡the¡¡town¡¡of¡¡Lyndon¡¡and¡¡far¡¡beyond£»¡¡across¡¡evergreen¡¡forests¡¡to¡¡the¡¡massive¡¡bulk¡¡of¡¡Burke¡¡Mountain¡£¡¡His¡¡farm£»¡¡very¡¡nearly¡¡ten¡¡square¡¡miles¡¡in¡¡area£»¡¡lay¡¡back¡¡of¡¡the¡¡house¡¡in¡¡a¡¡great¡¡oval¡¡of¡¡field¡¡and¡¡woodland£»¡¡with¡¡several¡¡dozen¡¡cottages¡¡in¡¡the¡¡clearings¡£¡¡His¡¡Welsh¡¡ponies¡¡and¡¡Swiss¡¡cattle¡¡were¡¡grazing¡¡on¡¡the¡¡May¡¡grass£»¡¡and¡¡the¡¡men¡¡were¡¡busy¡¡with¡¡the¡¡ploughs¡¡and¡¡harrows¡¡and¡¡seeders¡£¡¡It¡¡was¡¡almost¡¡thirty¡¡years¡¡since¡¡he¡¡had¡¡been¡¡called¡¡in¡¡to¡¡create¡¡the¡¡business¡¡structure¡¡of¡¡telephony£»¡¡and¡¡to¡¡shape¡¡the¡¡general¡¡plan¡¡of¡¡its¡¡development¡£¡¡Since¡¡then¡¡he¡¡had¡¡done¡¡many¡¡other¡¡things¡£¡¡The¡¡one¡¡city¡¡of¡¡Buenos¡¡Ayres¡¡had¡¡paid¡¡him¡¡more£»¡¡merely¡¡for¡¡giving¡¡it¡¡a¡¡system¡¡of¡¡trolleys¡¡and¡¡electric¡¡lights£»¡¡than¡¡the¡¡United¡¡States¡¡had¡¡paid¡¡him¡¡for¡¡putting¡¡the¡¡telephone¡¡on¡¡a¡¡business¡¡basis¡£¡¡He¡¡was¡¡now¡¡rich¡¡and¡¡retired£»¡¡free¡¡to¡¡enjoy¡¡his¡¡play¡­work¡¡of¡¡the¡¡farm¡¡and¡¡to¡¡forget¡¡the¡¡troubles¡¡of¡¡the¡¡city¡¡and¡¡the¡¡telephone

But£»¡¡as¡¡he¡¡stood¡¡among¡¡his¡¡barn¡­builders£»¡¡there¡¡arrived¡¡from¡¡Boston¡¡and¡¡New¡¡York¡¡a¡¡delegation¡¡of¡¡telephone¡¡directors¡£¡¡Most¡¡of¡¡them¡¡belonged¡¡to¡¡the¡¡¡¨Old¡¡Guard¡¨¡¡of¡¡telephony¡£¡¡They¡¡had¡¡fought¡¡under¡¡Vail¡¡in¡¡the¡¡pioneer¡¡days£»¡¡and¡¡now¡¡they¡¡had¡¡come¡¡to¡¡ask¡¡him¡¡to¡¡return¡¡to¡¡the¡¡telephone¡¡business£»¡¡after¡¡twenty¡¡years¡¡of¡¡absence¡£¡¡Vail¡¡laughed¡¡at¡¡the¡¡suggestion¡£

¡¨Nonsense£»¡¨¡¡he¡¡said£»¡¡¡¨I'm¡¡too¡¡old¡£¡¡I'm¡¡sixty¡­¡¡two¡¡years¡¡of¡¡age¡£¡¨¡¡The¡¡directors¡¡persisted¡£¡¡They¡¡spoke¡¡of¡¡the¡¡approaching¡¡storm¡­cloud¡¡of¡¡panic¡¡and¡¡the¡¡need¡¡of¡¡another¡¡strong¡¡hand¡¡at¡¡the¡¡wheel¡¡until¡¡the¡¡crisis¡¡was¡¡over£»¡¡but¡¡Vail¡¡still¡¡refused¡£¡¡They¡¡spoke¡¡of¡¡old¡¡times¡¡and¡¡old¡¡memories£»¡¡but¡¡he¡¡shook¡¡his¡¡head¡£¡¡¡¨All¡¡my¡¡life£»¡¨¡¡he¡¡said£»¡¡¡¨I¡¡have¡¡wanted¡¡to¡¡be¡¡a¡¡farmer¡£¡¨

Then¡¡they¡¡drew¡¡a¡¡picture¡¡of¡¡the¡¡telephone¡¡situation¡£¡¡They¡¡showed¡¡him¡¡that¡¡the¡¡¡¨grand¡¡telephonic¡¡system¡¨¡¡which¡¡he¡¡had¡¡planned¡¡was¡¡unfinished¡£¡¡He¡¡was¡¡its¡¡architect£»¡¡and¡¡it¡¡was¡¡undone¡£¡¡The¡¡telephone¡¡business¡¡was¡¡energetic¡¡and¡¡prosperous¡£¡¡Under¡¡the¡¡brilliant¡¡leadership¡¡of¡¡Frederick¡¡P¡£¡¡Fish£»¡¡it¡¡had¡¡grown¡¡by¡¡leaps¡¡and¡¡bounds¡£¡¡But¡¡it¡¡was¡¡still¡¡far¡¡from¡¡being¡¡the¡¡SYSTEM¡¡that¡¡Vail¡¡had¡¡dreamed¡¡of¡¡in¡¡his¡¡younger¡¡days£»¡¡and¡¡so£»¡¡when¡¡the¡¡directors¡¡put¡¡before¡¡him¡¡his¡¡unfinished¡¡plan£»¡¡he¡¡surrendered¡£¡¡The¡¡instinct¡¡for¡¡completeness£»¡¡which¡¡is¡¡one¡¡of¡¡the¡¡dominating¡¡characteristics¡¡of¡¡his¡¡mind£»¡¡compelled¡¡him¡¡to¡¡consent¡£¡¡It¡¡was¡¡the¡¡call¡¡of¡¡the¡¡telephone¡£

Since¡¡that¡¡May¡¡morning£»¡¡1907£»¡¡great¡¡things¡¡have¡¡been¡¡done¡¡by¡¡the¡¡men¡¡of¡¡the¡¡telephone¡¡and¡¡telegraph¡¡world¡£¡¡The¡¡Bell¡¡System¡¡was¡¡brought¡¡through¡¡the¡¡panic¡¡without¡¡a¡¡scratch¡£¡¡When¡¡the¡¡doubt¡¡and¡¡confusion¡¡were¡¡at¡¡their¡¡worst£»¡¡Vail¡¡wrote¡¡an¡¡open¡¡letter¡¡to¡¡his¡¡stock¡­holders£»¡¡in¡¡his¡¡practical£»¡¡farmer¡­like¡¡way¡£¡¡He¡¡said£º

¡¨Our¡¡net¡¡earnings¡¡for¡¡the¡¡last¡¡ten¡¡months¡¡were¡¡13£»715£»000£»¡¡as¡¡against¡¡11£»579£»000¡¡for¡¡the¡¡same¡¡period¡¡in¡¡1906¡£¡¡We¡¡have¡¡now¡¡in¡¡the¡¡banks¡¡over¡¡18£»000£»000£»¡¡and¡¡we¡¡will¡¡not¡¡need¡¡to¡¡borrow¡¡any¡¡money¡¡for¡¡two¡¡years¡£¡¨

Soon¡¡afterwards£»¡¡the¡¡work¡¡of¡¡consolidation¡¡began¡£¡¡Companies¡¡that¡¡overlapped¡¡were¡¡united¡£¡¡Small¡¡local¡¡wire¡­clusters£»¡¡several¡¡thousands¡¡of¡¡them£»¡¡were¡¡linked¡¡to¡¡the¡¡national¡¡lines¡£¡¡A¡¡policy¡¡of¡¡publicity¡¡superseded¡¡the¡¡secrecy¡¡which¡¡had¡¡naturally¡¡grown¡¡to¡¡be¡¡a¡¡habit¡¡in¡¡the¡¡days¡¡of¡¡patent¡¡litigation¡£¡¡Visitors¡¡and¡¡reporters¡¡found¡¡an¡¡open¡¡door¡£¡¡Educational¡¡advertisements¡¡were¡¡published¡¡in¡¡the¡¡most¡¡popular¡¡magazines¡£¡¡The¡¡corps¡¡of¡¡inventors¡¡was¡¡spurred¡¡up¡¡to¡¡conquer¡¡the¡¡long¡­distance¡¡problems¡£¡¡And¡¡in¡¡return¡¡for¡¡a¡¡thirty¡¡million¡¡check£»¡¡the¡¡control¡¡of¡¡the¡¡historic¡¡Western¡¡Union¡¡was¡¡transferred¡¡from¡¡the¡¡children¡¡of¡¡Jay¡¡Gould¡¡to¡¡the¡¡thirty¡¡thousand¡¡stock¡­holders¡¡of¡¡the¡¡American¡¡Telephone¡¡and¡¡Telegraph¡¡Company¡£

From¡¡what¡¡has¡¡been¡¡done£»¡¡therefore£»¡¡we¡¡may¡¡venture¡¡a¡¡guess¡¡as¡¡to¡¡the¡¡future¡¡of¡¡the¡¡telephone¡£¡¡This¡¡¡¨grand¡¡telephonic¡¡system¡¨¡¡which¡¡had¡¡no¡¡existence¡¡thirty¡¡years¡¡ago£»¡¡except¡¡in¡¡the¡¡imagination¡¡of¡¡Vail£»¡¡seems¡¡to¡¡be¡¡at¡¡hand¡£¡¡The¡¡very¡¡newsboys¡¡in¡¡the¡¡streets¡¡are¡¡crying¡¡it¡£¡¡And¡¡while¡¡there¡¡is£»¡¡of¡¡course£»¡¡no¡¡exact¡¡blueprint¡¡of¡¡a¡¡best¡¡possible¡¡telephone¡¡system£»¡¡we¡¡can¡¡now¡¡see¡¡the¡¡general¡¡outlines¡¡of¡¡Vail's¡¡plan¡£

There¡¡is¡¡nothing¡¡mysterious¡¡or¡¡ominous¡¡in¡¡this¡¡plan¡£¡¡It¡¡has¡¡nothing¡¡to¡¡do¡¡with¡¡the¡¡pools¡¡and¡¡conspiracies¡¡of¡¡Wall¡¡Street¡£¡¡No¡¡one¡¡will¡¡be¡¡squeezed¡¡out¡¡except¡¡the¡¡promoters¡¡of¡¡paper¡¡companies¡£¡¡The¡¡simple¡¡fact¡¡is¡¡that¡¡Vail¡¡is¡¡organizing¡¡a¡¡complete¡¡Bell¡¡System¡¡for¡¡the¡¡same¡¡reason¡¡that¡¡he¡¡built¡¡one¡¡big¡¡comfortable¡¡barn¡¡for¡¡his¡¡Swiss¡¡cattle¡¡and¡¡his¡¡Welsh¡¡ponies£»¡¡instead¡¡of¡¡half¡¡a¡¡dozen¡¡small¡¡uncomfortable¡¡sheds¡£¡¡He¡¡has¡¡never¡¡been¡¡a¡¡¡¨high¡¡financier¡¨¡¡to¡¡juggle¡¡profits¡¡out¡¡of¡¡other¡¡men's¡¡losses¡£¡¡He¡¡is¡¡merely¡¡applying¡¡to¡¡the¡¡telephone¡¡business¡¡the¡¡same¡¡hard¡¡sense¡¡that¡¡any¡¡farmer¡¡uses¡¡in¡¡the¡¡management¡¡of¡¡his¡¡farm¡£¡¡He¡¡is¡¡building¡¡a¡¡Big¡¡Barn£»¡¡metaphorically£»¡¡for¡¡the¡¡telephone¡¡and¡¡telegraph¡£

Plainly£»¡¡the¡¡telephone¡¡system¡¡of¡¡the¡¡future¡¡will¡¡be¡¡national£»¡¡so¡¡that¡¡any¡¡two¡¡people¡¡in¡¡the¡¡same¡¡country¡¡will¡¡be¡¡able¡¡to¡¡talk¡¡to¡¡one¡¡another¡£¡¡It¡¡will¡¡not¡¡be¡¡competitive£»¡¡for¡¡the¡¡reason¡¡that¡¡no¡¡farmer¡¡would¡¡think¡¡for¡¡a¡¡moment¡¡of¡¡running¡¡his¡¡farm¡¡on¡¡competitive¡¡lines¡£¡¡It¡¡will¡¡have¡¡a¡¡staff¡­¡¡and¡­line¡¡organization£»¡¡to¡¡use¡¡a¡¡military¡¡phrase¡£¡¡Each¡¡local¡¡company¡¡will¡¡continue¡¡to¡¡handle¡¡its¡¡own¡¡local¡¡affairs£»¡¡and¡¡exercise¡¡to¡¡the¡¡full¡¡the¡¡basic¡¡virtue¡¡of¡¡self¡­help¡£¡¡But¡¡there¡¡will¡¡also¡¡be£»¡¡as¡¡now£»¡¡a¡¡central¡¡body¡¡of¡¡experts¡¡to¡¡handle¡¡the¡¡larger¡¡affairs¡¡that¡¡are¡¡common¡¡to¡¡all¡¡companies¡£¡¡No¡¡separateness¡¡or¡¡secession¡¡on¡¡the¡¡one¡¡side£»¡¡nor¡¡bureaucracy¡¡on¡¡the¡¡otherthat¡¡is¡¡the¡¡typically¡¡American¡¡idea¡¡that¡¡underlies¡¡the¡¡ideal¡¡telephone¡¡system¡£

The¡¡line¡¡of¡¡authority£»¡¡in¡¡such¡¡a¡¡system£»¡¡will¡¡begin¡¡with¡¡the¡¡local¡¡manager¡£¡¡From¡¡him¡¡it¡¡will¡¡rise¡¡to¡¡the¡¡directors¡¡of¡¡the¡¡State¡¡company£»¡¡then¡¡higher¡¡still¡¡to¡¡the¡¡directors¡¡of¡¡the¡¡national¡¡company£»¡¡and¡¡finally£»¡¡above¡¡all¡¡corporate¡¡leaders¡¡to¡¡the¡¡Federal¡¡Government¡¡itself¡£¡¡The¡¡failure¡¡of¡¡government¡¡ownership¡¡of¡¡the¡¡telephone¡¡in¡¡so¡¡many¡¡foreign¡¡countries¡¡does¡¡not¡¡mean¡¡that¡¡the¡¡private¡¡companies¡¡will¡¡have¡¡absolute¡¡power¡£¡¡Quite¡¡the¡¡reverse¡£¡¡The¡¡lesson¡¡of¡¡thirty¡¡years'¡¡experience¡¡shows¡¡that¡¡a¡¡private¡¡telephone¡¡company¡¡is¡¡apt¡¡to¡¡be¡¡much¡¡more¡¡obedient¡¡to¡¡the¡¡will¡¡of¡¡the¡¡people¡¡than¡¡if¡¡it¡¡were¡¡a¡¡Government¡¡de¡­¡¡partment¡£¡¡But¡¡it¡¡is¡¡an¡¡axiom¡¡of¡¡democracy¡¡that¡¡no¡¡company£»¡¡however¡¡well¡¡conducted£»¡¡will¡¡be¡¡permitted¡¡to¡¡control¡¡a¡¡public¡¡convenience¡¡without¡¡being¡¡held¡¡strictly¡¡responsible¡¡for¡¡its¡¡own¡¡acts¡£¡¡As¡¡politics¡¡becomes¡¡less¡¡of¡¡a¡¡game¡¡and¡¡more¡¡of¡¡a¡¡responsibility£»¡¡the¡¡telephone¡¡of¡¡the¡¡future¡¡will¡¡doubtless¡¡be¡¡supervised¡¡by¡¡some¡¡sort¡¡of¡¡public¡¡committee£»¡¡which¡¡will¡¡have¡¡power¡¡to¡¡pass¡¡upon¡¡complaints£»¡¡and¡¡to¡¡prevent¡¡the¡¡nuisance¡¡of¡¡duplication¡¡and¡¡the¡¡swindle¡¡of¡¡watering¡¡stock¡£

As¡¡this¡¡Federal¡¡supervision¡¡becomes¡¡more¡¡and¡¡more¡¡efficient£»¡¡the¡¡present¡¡fear¡¡of¡¡monopoly¡¡will¡¡decrease£»¡¡just¡¡as¡¡it¡¡did¡¡in¡¡the¡¡case¡¡of¡¡the¡¡railways¡£¡¡It¡¡is¡¡a¡¡fact£»¡¡although¡¡now¡¡generally¡¡forgotten£»¡¡that¡¡the¡¡first¡¡railways¡¡of¡¡the¡¡United¡¡States¡¡were¡¡run¡¡for¡¡ten¡¡years¡¡or¡¡more¡¡on¡¡an¡¡anti¡­monopoly¡¡plan¡£¡¡The¡¡tracks¡¡were¡¡free¡¡to¡¡all¡£¡¡Any¡¡one¡¡who¡¡owned¡¡a¡¡cart¡¡with¡¡flanged¡¡wheels¡¡could¡¡drive¡¡it¡¡on¡¡the¡¡rails¡¡and¡¡compete¡¡with¡¡the¡¡locomotives¡£¡¡There¡¡was¡¡a¡¡happy¡­go¡­lucky¡¡jumble¡¡of¡¡trains¡¡and¡¡wagons£»¡¡all¡¡held¡¡back¡¡by¡¡the¡¡slowest¡¡team£»¡¡and¡¡this¡¡continued¡¡on¡¡some¡¡railways¡¡until¡¡as¡¡late¡¡as¡¡1857¡£¡¡By¡¡that¡¡time¡¡the¡¡people¡¡saw¡¡that¡¡com¡­¡¡petition¡¡on¡¡a¡¡railway¡¡track¡¡was¡¡absurd¡£¡¡They¡¡allowed¡¡each¡¡track¡¡to¡¡be¡¡monopolized¡¡by¡¡one¡¡company£»¡¡and¡¡the¡¡era¡¡of¡¡expansion¡¡began¡£

No¡¡one£»¡¡certainly£»¡¡at¡¡the¡¡present¡¡time£»¡¡regrets¡¡the¡¡passing¡¡of¡¡the¡¡independent¡¡teamster¡£¡¡He¡¡was¡¡much¡¡more¡¡arbitrary¡¡and¡¡expensive¡¡than¡¡any¡¡railroad¡¡has¡¡ever¡¡dared¡¡to¡¡be£»¡¡and¡¡as¡¡the¡¡country¡¡grew£»¡¡he¡¡became¡¡impossible¡£¡¡He¡¡was¡¡not¡¡the¡¡fittest¡¡to¡¡survive¡£¡¡For¡¡the¡¡general¡¡good£»¡¡he¡¡was¡¡held¡¡back¡¡from¡¡competing¡¡with¡¡the¡¡railroad£»¡¡and¡¡taught¡¡to¡¡cooperate¡¡with¡¡it¡¡by¡¡hauling¡¡freight¡¡to¡¡and¡¡from¡¡the¡¡depots¡£¡¡This£»¡¡to¡¡his¡¡surprise£»¡¡he¡¡found¡¡much¡¡more¡¡profitable¡¡and¡¡pleasant¡£¡¡He¡¡had¡¡been¡¡squeezed¡¡out¡¡of¡¡a¡¡bad¡¡job¡¡into¡¡a¡¡good¡¡one¡£¡¡And¡¡by¡¡a¡¡similar¡¡process¡¡of¡¡evolution£»¡¡the¡¡United¡¡States¡¡is¡¡rapidly¡¡outgrowing¡¡the¡¡small¡¡independent¡¡telephone¡¡companies¡£¡¡These¡¡will¡¡eventually£»¡¡one¡¡by¡¡one£»¡¡rise¡¡as¡¡the¡¡teamster¡¡did¡¡to¡¡a¡¡higher¡¡social¡¡value£»¡¡by¡¡clasping¡¡wires¡¡with¡¡the¡¡main¡¡system¡¡of¡¡telephony¡£

Until¡¡1881¡¡the¡¡Bell¡¡System¡¡was¡¡in¡¡the¡¡hands¡¡of¡¡a¡¡family¡¡group¡£¡¡It¡¡was¡¡a¡¡strictly¡¡private¡¡enterprise¡£¡¡The¡¡public¡¡had¡¡been¡¡asked¡¡to¡¡help¡¡in¡¡its¡¡launching£»¡¡and¡¡had¡¡refused¡£¡¡But¡¡after¡¡1881¡¡it¡¡passed¡¡into¡¡the¡¡control¡¡of¡¡the¡¡small¡¡stock¡­holders£»¡¡and¡¡has¡¡remained¡¡there¡¡without¡¡a¡¡break¡£¡¡It¡¡is¡¡now¡¡one¡¡of¡¡our¡¡most¡¡democratized¡¡businesses£»¡¡scattering¡¡either¡¡wages¡¡or¡¡dividends¡¡into¡¡more¡¡than¡¡a¡¡hundred¡¡thousand¡¡homes¡£¡¡It¡¡has¡¡at¡¡times¡¡been¡¡exclusive£»¡¡but¡¡never¡¡sordid¡£¡¡It¡¡has¡¡never¡¡been¡¡dollar¡­mad£»¡¡nor¡¡frenzied¡¡by¡¡the¡¡virus¡¡of¡¡stock¡­gambling¡£¡¡There¡¡has¡¡always¡¡been¡¡a¡¡vein¡¡of¡¡sentiment¡¡in¡¡it¡¡that¡¡kept¡¡it¡¡in¡¡touch¡¡with¡¡human¡¡nature¡£¡¡Even¡¡at¡¡the¡¡present¡¡time£»¡¡each¡¡check¡¡of¡¡the¡¡American¡¡Telephone¡¡and¡¡Telegraph¡¡Company¡¡carries¡¡on¡¡it¡¡a¡¡picture¡¡of¡¡a¡¡pretty¡¡Cupid£»¡¡sitting¡¡on¡¡a¡¡chair¡¡upon¡¡which¡¡he¡¡has¡¡placed¡¡a¡¡thick¡¡book£»¡¡and¡¡gayly¡¡prattling¡¡into¡¡a¡¡telephone¡£

Several¡¡sweeping¡¡changes¡¡may¡¡be¡¡expected¡¡in¡¡the¡¡near¡¡future£»¡¡now¡¡that¡¡there¡¡is¡¡team¡­play¡¡between¡¡the¡¡Bell¡¡System¡¡and¡¡the¡¡Western¡¡Union¡£¡¡Already£»¡¡by¡¡a¡¡stroke¡¡of¡¡the¡¡pen£»¡¡five¡¡million¡¡users¡¡of¡¡telephones¡¡have¡¡been¡¡put¡¡on¡¡the¡¡credit¡¡books¡¡of¡¡the¡¡Western¡¡Union£»¡¡and¡¡every¡¡Bell¡¡telephone¡¡office¡¡is¡¡now¡¡a¡¡telegraph¡¡office¡£¡¡Three¡¡telephone¡¡messages¡¡and¡¡eight¡¡telegrams¡¡may¡¡be¡¡sent¡¡AT¡¡THE¡¡SAME¡¡TIME¡¡over¡¡two¡¡pairs¡¡of¡¡wires£º¡¡that¡¡is¡¡one¡¡of¡¡the¡¡recent¡¡miracles¡¡of¡¡science£»¡¡and¡¡is¡¡now¡¡to¡¡be¡¡tried¡¡out¡¡upon¡¡a¡¡gigantic¡¡scale¡£¡¡Most¡¡of¡¡the¡¡long¡­distance¡¡telephone¡¡wires£»¡¡fully¡¡two¡¡million¡¡miles£»¡¡can¡¡be¡¡used¡¡for¡¡telegraphic¡¡purposes£»¡¡and¡¡a¡¡third¡¡of¡¡the¡¡Western¡¡Union¡¡wires£»¡¡five¡¡hundred¡¡thousand¡¡miles£»¡¡may¡¡with¡¡a¡¡few¡¡changes¡¡be¡¡used¡¡for¡¡talking¡£

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