158 BRLL SYSTEM TECHNICAL JOURNAL 



thing that each utility wanted but that I was confident that both util- 

 ities had got what both utilities wanted, and that a problem of this 

 kind could not be settled by one party to a dispute getting all its own 

 way because then nothing was settled. The trouble would simply be 

 aggravated, making it more possible for controversies to arise again and 

 again. I added that at no time had there been any question of com- 

 promising on principles, nor bargaining across a table, — we have had 

 always before us a clear recognition of the problem of the other side 

 and a mutual admission of the fact that the other system must live 

 and that the primary interest is the public's and that the public must 

 efficiently and economically be served by both utilities. 



It may be of interest to you to know that the power companies 

 with the same personnel on a General Committee, also headed by Mr. 

 Owen D. Young, are now carrying on similar cooperative work with the 

 Western Union Telegraph Company and with the Railroads with re- 

 spect to their signal systems. The result of our cooperative work with 

 the Western Union Telegraph Company will, of course, favorably affect 

 our relations with the other telegraph companies of the country, as our 

 work with the Bell System has affected in a highly satisfactory way 

 our relations with the independent telephone companies of the country. 

 May I in conclusion thank you for the privilege of making this 

 statement. It has been a particular pleasure to me because I am more 

 and more convinced that this is the sound way to settle such problems 

 and countroversies arising between great interests in this country. 

 Courts and regulating authorities approve this method because it 

 promotes harmony and permits them to devote their time and talents 

 to other useful purposes and because it saves the taxpayers the material 

 expense of costly technical hearings in which the interests of the public 

 are in no way jeopardized. 



