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LAP FLAN bo Gell Ah hah, SL AE RT ia i RR RES PRR ARIES ARAL Be cn rom te ec -- R. J. BOOTH B.A: wee W.McArthur&Son 4 Sparks St. Ottawa | RUSSELL OFFICE OVER MasEWEN PHONE 20 & STEPHENSON'S STORE OPEN EVERY MONDAY ARTHUR ~ FLYNN Barrister, Solicitor, Notary ih 80 4 Conveyancer Ete. The Bell Telephone Company | RUSSELL -- -- --ONT and the American Company ! Russell Office open on Wednesdays in the Fiynn Block, Broadway, Money to loan on easy terms on Farm Froperty i HE relationship between the Bell Telephone | Company of Canada and the American Tele- phone and Telegraph Compar ~ consists of :-- | { -- Sh -- es eee. eM AmB 1. stock--the American compan, owns thirty-one per cent of Bell Telephone Company shares. 2. contract--the Bell Telephone Company owns a contract by which the American company sup- plies research products and other services on a sliding scale of payment. GROCERY SPECIALS Pulverized Sugar 2 tb 14 cts The stock relationship has existed since the Canadian company began in 1880. One-third of the $400,000 Granulated Sugar 10 1b 59 cis pesged to form the company os not Svialls until JOHN F GIBSON All Bran 22 cents pkg merican company agreed to provide it. . * . : ; The contract was made in 1923 to put dealings | Grape Nuts 2 pkgs 33 cents tween the two companies on a definite busi . : : basis. It may be terminuted at the end of 193 SHOPS AT WINCHESTER ONT. Tomatoes, 2 tins 21 cents if the Canadian company so desires. Telephone 75 P. Q. Box 385 Manuracturer and importer of effect of stock relationshi [2] Marble and granite Monuments Cemetery feces CopIngsg2lo. THE telephone system in Ontario and Quebec today Scotch GTanILES 4 SPECiadty 15 2 1s owned by 15,300 shareholders. Of these, 95 per cent live in Canada and own 62 per cent of the total shares. DR. G. R. BOOTH - The largest individual holding is 1510 Shares which is one quarter of one per cent of the total. The B.V. S. C. average individual holding is 27 shares, which yield Veterinarian ; an income of $216 a year. Graduate Toronto University The Bell Telephone Company is thus a great entere OFFICE ---. FLYNN BLOCK prise which has become thoroughly democratized and Russell Ont to this the American relationship has contributed . Sasa two definite advantages: a First, it has been a source of new money for devel opment. The American company, as a shareholder has never failed to respond, in good times or bad, when money was needed to extend the system to meet public demands upon it. 5 been a safeguard 1 the part of Secondly, i t exploita- A tion. contro the ; has = be the , : ; . -- -- wy B ~ tele; 5S - the p f the industry 4 XH E \ i on 4 n : B. pan y £Y and ts financial exp 2 1 : 7] rome? E a 3 3 5c T : J EU vai > x B 9, 5 r i v (6 § Wr ejfect of the contract - : T! Bell Telephone Compan: 3 1 thre : chief advantages by the contract of 1923: : First, it obtains all products of the Bell laboratories, Will Be Pre Sen te d by the which are the largest industrial research laboratories the world, with a staff of five thousand. No could hope to support such an organ ble only by co-operation of many -- | Edwaids Yeung People One example of research work whic s eliminated t { ; creasing in size with distance. Thi saved mil- lions of dollars. Similar discoveries have saved other millions for the telephone user and given him a : a i 11 K ent 0 Té better telephone. The research clause of the contract f \ e O W 11 9 vl A alone more than balances the contract fee. Secondly, the Canadian company has rights to the use of all inventions. The American company now | Thirdly, the contract gives the Canadian company a | steady supply of reports and statistics regarding new operating methods under trial by the associated oo MN : : bs : : po = companies of the American system. = % : 2 Ne Dangerous experiments are thus avoided. When the owns more than 5,000 patents essential in every \ a phase of telephone operation. The contract gives the Canadian company use of these patents and places : the American company under obligation to take out Canadian patents on 'any new inventions the Cana- dian company wishes. : Canadian company makes a change in method it is } to a well tested method and the services of specialists . 9 oc ; from the American compgny are available, by con- { 4 t 8 00 O Cl i tract, to assist in making it. An example of this is omimencin a » { the change from manual to dial system. Both in the stock holding and fn the contract provisions Canadian 1 telephone users are protected and I assisted by the relationship with } the American company. Under the Auspices oi the Kenmore Hockey Club Good Program Between Acts ADMISSION 35 and 25 Cents PL PVF (OE SAE ML Ss a SAP TR LT ARES RN CAR Vee Ry