What is Wrong With the Telephone
What is Wrong With the Telephone
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In our eReader you can find the full English version of the book. Read What is Wrong With the Telephone Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book What is Wrong With the Telephone
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If its object was to get per- manent revenue for the State, experience has shown that it dismally failed; but if its object was to check the development of the telephone service in England it was a triumphant success. The result has been not to transform the telegraphs into a paying concern, but to turn the trunk lines into a losing concern — so much for Post Office control.
The next chapter in this miserable story of admin- istrative failure opens in 1900, when the Post Office suddenly repudia...ted its obligations to the licensed Company and threw open the door to general compe- tition. That action knocked twenty-five per cent, off the value of the National Telephone Company's secur- ities and made its author, Mr. Hanbury, a member of the Cabinet ; but it had no other recognizable results. The Post Office tried to start a second system in London, but in two years it discovered its mistake and had to ask the Company for its assistance and co-op- eration. It granted licenses to cities that demanded municipal ownership, but the policy of mutual throt- tling and antagonistic rivalries between them, the Company, and the Post Office system resulted in inev- itable failure.
What to read after What is Wrong With the Telephone?
You can find similar books in the "Read Also" column, or choose other free books by C S Goldman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If its object was to get per- manent revenue for the State, experience has shown that it dismally failed; but if its object was to check the development of the telephone service in England it was a triumphant success. The result has been not to transform the telegraphs into a paying concern, but to turn the trunk lines into a losing concern — so much for Post Office control.
The next chapter in this miserable story of admin- istrative failure opens in 1900, when the Post Office suddenly repudia...ted its obligations to the licensed Company and threw open the door to general compe- tition. That action knocked twenty-five per cent, off the value of the National Telephone Company's secur- ities and made its author, Mr. Hanbury, a member of the Cabinet ; but it had no other recognizable results. The Post Office tried to start a second system in London, but in two years it discovered its mistake and had to ask the Company for its assistance and co-op- eration. It granted licenses to cities that demanded municipal ownership, but the policy of mutual throt- tling and antagonistic rivalries between them, the Company, and the Post Office system resulted in inev- itable failure.
What to read after What is Wrong With the Telephone?
You can find similar books in the "Read Also" column, or choose other free books by C S Goldman to read onlineMoreLess
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