The post-War problem of the American Telephone & Telegraph Co. in obtaining funds for bettering its equipment and service has been a huge one. Fortunately, the Company has enjoyed far-sighted management and excellent credit. As a result, the capitalization of the Company has been steadily increased through sales of its securities to the public. After a campaign designed to sell stock to telephone subscribers, such wide distribution of A. T. & T. shares has been obtained that the company's stockholders now number 300,000. This is the largest shareholders' list in the world; if...
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