Excerpt from Some Comments on the 1907 Annual Report of American Telephone and Telegraph Company It would seem, as a whole, that the gain of the public through compe tition based on low rates has not compensated for the loss of capital invested in these enterprises. During this period of strife and rush for development and extension, many subscribers were connected to exchange systems with little or no bene fit to themselves or advantage to others, and much was done that under ordi nary conditions would not have been done. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.