Photograph by M. Rosenfeld 



AN AFTER-THE-STORM SCENE ON A GREAT VOICE HIGHWAY NEAR YONKERS, NEW 



YORK 



and its suburbs and all the capitals of all 

 the warring nations, including Japan." 



New York City alone, exclusive of its 

 suburbs, has twice as many telephones as 

 the whole of France, nearly one-half as 

 many as the German Empire, and quite 

 as many as the whole of Spain, Portugal, 

 Switzerland, Italy, Greece, the Balkan 

 States, Turkey, and Russia combined. 



General note : The European statistics 

 used are those of 1914, immediately prior 

 to the outbreak of the war, when the fig- 

 ures, both as to telephones and popula- 

 tion, were probably somewhat higher than 

 they are today. 



EXPENDITURES TWICE AS EARGE AS AT 

 PANAMA 



The statement closes with this item : 

 The amount of money spent by the Bell 

 Telephone System in construction work 

 alone from 1906 to 1914 — the period oc- 

 cupied in the construction of the Panama 

 Canal — was more than twice as much as 

 the amount spent by the United States 

 government during the same period in 

 the construction of the canal, exclusive 

 of the amounts paid to the French Com- 

 pany and to the Republic of Panama. 



In conclusion, I want to say for the 

 multitude of people in this vast organiza- 



321 



