In 1902, 2,506 miles of poles and 57,218 miles of wires (of which 28,767 miles were copper) and 329 offices have been added to its system.
The increase in the number of messages transmitted in 1902 over 1901 was 3,717,834.
This increase does not include messages sent by brokers, press association and others over wires they lease from the Company, nor railway messages under contracts.
The receipts for the transmission of regular commercial messages increased in 1902 over the previous year $1,348,531.34 and from leased wires $451,749.64.
The maintenance and reconstruction of this enormous system cost the Company in 1902 $3,591,069.17, and $2,188,101.03 were expended in the construction of new lines during the same year.
Through the re-arrangement of the operating forces and substitution of direct working circuits for repeating or relay offices a reduction of $388,746 has been effected and the service besides greatly improved.
In 1903 contracts were made early in that year with various railway companies for the building of 16,800 miles of line.
The capital stock of the Company is $100,000,000, on which a dividend of 5 per cent. per annum is paid, payable quarterly.
The Company has had the good fortune to have secured men of conspicuous ability to direct its affairs from its inception to the present time.