File:Bell telephone magazine (1922) (14776376623).jpg

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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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companies—the Eastern Tele-phone and Telegraph Company andthe Camden and Atlantic TelephoneCompany—It also operated about5,000 telephones In southern NewJersey. In Philadelphia, Keystone servicewas concentrated In the business dis-tricts. Its slogan long had been,When the Keystone Rings, Its Busi-ness, and It actually served fewerthan 500 residence subscribers. The company had had practicallyno main station growth In the last20 vears of its existence. It hadne\cr paiil an\ (.II\idcnds on its com- 312 Bell Telephone Magazine WINTER I mon stock, and it was in arrears ondividends on its preference stock byabout ten times the designated an-nual payments. More than 93 percent of the 13,-000 Keystone subscribers also hadBell service. The Bell Company, at ment between New Jersey Bell Tele-phone Company and the Gary inter-ests for the purchase by the NewJersey Company of the stock of Im-perial Securities Company, a holdingcompany which controlled the threeKeystone operating companies. On
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Let er go! Connected by telephone with all the central offices in\olved,Carl R. F^reehafer (left), vice president and general manager, Eastern Area, BellTelephone Company of Pennsylvania, gives the order which consolidates Bell and Keystone service in Philadelphia the time it acquired the physical prop-erties of the Keystone company, op-erated approximately 465,000 sta-tions in Philadelphia. Preliminary Steps The first step in the purchase ofthe Keystone system was an agree- January 30, 1941, the New JerseyCompany filed an application withthe Federal Communications Com-mission asking its approval of thepurchase of this stock. An amendedpetition was filed on July 23, 1942,in which the Bell of Pennsylvaniajoined, asking that approval also be I945~4^ Dw«/ Telephone Service Ends in Philadelphia 313 jriven to the purchase of the physicalproperties of the Keystone system bythe two Bell companies. The FCC held seventeen days ofhearings in 1941 and 1942 and took1,449 pages of testimony. It a

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