Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 16 · column 2 of 5 · from the scan, no model involved
Higher wage costs, with the much, j
higher material and equipment costs” ] he continued “naturally result in| J higher pfriced investment since additions to plant must be made at higher unit costs than ever before.”
“The number of telephones in service is almost twice the number in service seven years ago” he stated “but the investment in plant hasi risen to more than three times what it was seven years ago.” “The constant increase in the amount of additions to plant required to serve each additional telephone has increased the cost of interest, depreciation, taxes and other usual property carrying charges for each additional telephone served.” "The demands for expanded telephone plant and service in the “Heart of Virginia” territory we serve are continuous” .Garnett said. “This territory includes some of Virginia’s finest farms, and business and residential sites. A flood of new business, industrial and residential expansion is attracted, and much of this new expansion extends into rural areas. Telephone plant construction must nnf only keep. pace- W4th - con-— struction of new factories, and commercial and residential construction, but in addition” he said “we must be ready to rearrange or expand our* facilities to accommodate the con> struction of new streets, highways
I and oter public facilities in the rapidly developing territory served by our Company.”
“We are now serving over 34,000 telephones—about 94% more than, seven years ago. Almost 5000 rural
77.5%