Memorial of Norvin Green President of the Western Union Telegraph Company to T
Memorial of Norvin Green President of the Western Union Telegraph Company to T
Western Union Telegraph Company
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378, 783. 42 3, 919, 855. 13 31. 3 1887.. . 156, 814 5-. " 1, 741 15, 058 47, 394, 530 17, 191, 909. 95 13. 154, 628. 54 4, 087, 281. 41 80. 4 2&0 6 It will be observed that the average cost of each message to the public in 1868, after large reductions had already been made, was $1. 04/0, and the average cost to the company for receiving, transmitting, and delivering it was 63. 4 cents, paying a profit of 43. 1 cents per message. The rate of tolls and the cost of handling were reduced year by y...ear until 1878, when the rate to the public was 38. 3 cents per message, and the cost to the Company of 25 cents per message, leaving 13. 3 cents per message profit. From 1878 to 1883, there were but slight changes either in the average tolls or average cost, the cost to the company having in- creased about one cent, on account of its expensive effort to improve the service, and the tolls being reduced about one cent in the five years. From 1883 to 1887, the rates to the public were reduced every year until they reached an average during the last fiscal year of 30.
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