DOCSLIB.ORG

Payment Tipping Point

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Payment Tipping Point MANAGING The check is on the Internet Payment Tipping Point By Teresa Bitler bank account or doesn’t trust making his payment by check, he will need or In 2003, elec- want payment options. tronic payments SIDE NOTE — Be aware when exceeded check pay- the time comes to sell that landlords ments in the U.S. for the who accept cash must keep scrupulous first time, according to the records. Failing to do so can negatively Federal Reserve. Three years affect a buyer’s ability to get a loan on later, electronic payments had incomplete rent roll accounting disclo- increased to more than twice sure. the number of check payments. Americans have clearly changed WIRE TRANSFERS the way they pay, and this trend is & MONEY ORDERS not limited to the checkout line at the One option is a wire transfer, like grocery store. Increasingly, tenants the service Western Union offers. It are looking for options when it comes works like this: the tenant goes to one time to pay the rent. of 55,000 agent locations in the U.S. and pays a transfer fee of approximately TRADITIONAL METHODS $9.99 (the fee varies depend- Checks are one of the most popu- ing on where the money lar ways to pay rent. The tenant writes is sent from, where his check and mails it; you find it in it is sent to, and how the mail, process it, and deposit it. The much is being sent). problem is there are so many opportu- He then is able to pay nities for so many things to go wrong cash or, at many loca- between writing the check and depos- tions, use a debit card iting it in the bank, including get- to transfer money to ting lost. you instantly at anoth- In some tenants’ minds, cash er agent location. is a good alternative. For one “It’s quick, conve- reason or another, some ten- nient and reliable,” ants deal strictly in cash, but said Kristin Kelly with the drawbacks for you, the Western Union. “Agents landlord, are obvious. are located in grocery Cash can’t safely be stores, convenience stores, mailed, which means and places where you’re it has to be deliv- already going to be.” ered in person. That’s The process for a inconvenient for you money order is similar. The and the tenant, espe- tenant would bring cash to cially if you are going an agent location, and for a to do it every month. If nominal fee, the agent would a tenant doesn’t have a issue a money order, which 70 March - April 2009 . Personal Real Estate Investor www.PersonalRealEstateInvestorMag.com MANAGING PROPERTY MANAGEMENT COMPANIES REMOVE the tenant could then send as payment. “PayPal also works really well with PAYMENT HEADACHES If the money order were to get lost in vacation rentals,” Oldenburg added. the mail, the tenant could call Western There are many rental manage- Union with the money order number ment packages, like Renttropolis, that Receiving rent payments is and Western Union would follow up. have online rental payment and mer- time consuming. Even if the ten- Western Union does have other chant facility as features. ant mails you a check every payment options like online, telephone month before its due date, you still and mobile-to-mobile money transfers, AUTOPAYMENT BY DIRECT DEPOSIT need to process and deposit that but these are not available in the U.S. An online service like PayPal check. When you consider other at this time. Kelly expects that at some works well when you have one or two possible weirdness — insufficient point, Western Union will make them tenants who want to pay online. The funds, lost checks and money available. If it does, it could give ten- more tenants you have, though, the orders, requests for alternative ants additional options. more complicated things get because payment methods — sometimes it’s manual. it may seem like more hassle than ONLINE PAYMENTS Direct deposits put rent collection it’s worth. While wire transfers and money on autopilot. Instead of waiting for Property management com- orders may give your tenant more your tenant to pay online, you arrange panies take the headache out of options, they certainly don’t make life with your tenant to have the rent auto- rental payments. “When it comes easier for you. In most cases, you’ll still matically withdrawn from his account to rent, whatever the problem, have to go somewhere to pick up the each month and directly deposited into the property manager deals with money, and you’ll have to deposit it. your property’s account. For the do-it- it,” said Duane Hamilton of H & Online payments let you collect rent yourself landlord, with a few proper- H Properties. “The landlord just wherever you can get an Internet con- ties and limited resources, it’s easier gets a statement each month, and nection. There are several ways you said than done because the process is the money is deposited in their can have your tenant pay online, but more complicated than moving funds account.” PayPal is an online payment service from one account to another. Hamilton adds that with a that most people have at least heard Before funds are transferred from property management company, of, if they haven’t already used it. the tenant’s account to the proper- if the payment is late, the prop- “If someone wants to make an ty’s account, they need to be verified erty manager, not the landlord, online payment, PayPal is one of the and deemed “good.” In other words, follows up. The manager also easiest and safest ways to do it,” said there needs to be confirmation that deals with other payment issues, Michael Oldenburg of PayPal. He adds the tenant’s account is open and that like requests to pay rent online or that he has even used it to pay his own sufficient funds are available. This is send payments by FedEx. rent. done through the Automated Clearing “Utilizing the right property Oldenburg said that as a landlord, House payment network. manager takes all the headaches you can do one of two things. The first As a landlord, you can transfer out of property management is you can create a business account on your funds through the ACH pay- for the landlord, not just when it PayPal and send out an invoice to your ment network yourself, but you need comes to collecting the rent,” he tenant every month when rent is due. to partner with a bank that can process said. “We have leasing agents, The e-mail would include a button that ACH transactions from tenants. The repairmen and landscapers we would bring them online for payment. bank will set up an ACH account, pur- work with. We’re here to make They could pay using a credit card, chase or lease the software necessary having properties easier for land- bank account, or their own PayPal to create ACH files and learn how to lords.” account. transmit files to the network, all while Other regional or national Or, the tenant can log in to his own complying with federal regulations property management companies PayPal account, select the send money governing ACH transactions. that do this are Brewer Caldwell, option, enter your email address and “You can do it yourself, but it’s very GoRenter and Bennett (AZ), pay you from his credit card, bank complicated,” said Ryowon Kim with MemphisInvest (TN) or Retire- account or PayPal account. Either way, ClearNow, an online service specializ- on-Rentals (NC.) Nationally, Real account information remains secure. ing in direct rent deposits. “The bank Property Management is an ideal You won’t see the tenant’s financial you are working with isn’t really going alternative. information, and he won’t see yours. to help you if you have questions, and 72 March - April 2009 . Personal Real Estate Investor www.PersonalRealEstateInvestorMag.com MANAGING they won’t do a lot of handholding.” It paperwork be submitted at least two drawn, there is no guarantee that land- is possible to have funds automatically weeks before the date of the first with- lords will receive their rent payment. withdrawn and directly deposited into drawal). “Tenants need to have sufficient funds your property’s account, Kim said, but Once set up, rent payments are in their bank account to make the pay- you will most likely need the help of made automatically every month. Cost ment.” a company like ClearNow. The process is $14.95 to establish one ClearNow is very simple. The landlord enrolls account. You need one account for OTHER OPTIONS first by completing a one-page autho- each landlord bank account. If you When it comes to rent payments, rization and providing a voided check are going to receive multiple depos- there are so many options and varia- for the property’s account. The tenant its in one account, it’s an extra $2 per tions that it’s impossible to touch on then also completes a one-page autho- transaction fee. Additional ClearNow every service and resource available. rization and provides a voided check. accounts cost $7.95. There are no start- That’s good news, though, because Usually, if all necessary information up fees and no contractual time obliga- whatever the needs of you and your is provided, the transaction should be tions. tenant are, you’ll be able to find the set up within one to two business days Kim points out that even though right solution. It’s just going to take the (although it’s recommended that all funds are being automatically with- time to do some research.
Load more

Recommended publications
  • An Evaluation of Public Relations As Practiced By
    3~9 AN EVALUATION OF PUBLIC RELATIONS AS PRACTICED BY SOUTHWESTERN BELL TELEPHONE COMPANY THESIS Presented to the Graduate Council of the North Texas State University in Partial Fulfillment of the Requirements For the Degree of MASTER OF ARTS By Eddye S. Gallagher, B. A. Denton, Texas August, 1974 Gallagher, Eddye S., An Evaluation of Public Relations as Practiced by SouthwesternBell Telephone Company. Master of Arts (Journalism), August, 1974, 143 pp., bibli- ography, 31 titles. This study presents a detailed analysis of the public relations organization, objectives, and practices of South- western Bell Telephone Company, Dallas, Texas. Information sources included interviews with telephone company public relations personnel, company publications, and other publi- cations. The five chapters deal with the history and development of the company and its public relations program, and the organization, functions, and operations of the public relations department. With a long and varied history of public relations activities, the company executes numerous activities for com- employees, customers, educational institutions, the munity, stockholders, and the media. The study recommends that the department establish a committee to formulate long-range public relations goals, initiate a management orientation program, and advertise in area high school and college publications. TABLE OF CONTENTS Page Chapter I. INTRODUCTION . ............... 1. Statement of Problem Purposes of the Study Questions To Be Answered Recent and Related Studies Definition of Terms Limitations Basic Assumptions Instruments and Procedure Procedure for Analysis of Data Organization of the Study II. HISTORY AND DEVELOPMENT .0. .. .... .24 Organizational Sketch Development of Public Relations III. ORGANIZATION AND FUNCTIONS OF SOUTHWESTERN BELL'S PUBLIC RELATIONS PROGRAM...
    [Show full text]
  • The Marriage That Almost Was Western Union Has Always Been R.Idiculed for Rejecting the All Telephone
    RETROSPECTIVE .Innovation The marriage that almost was Western Union has always been r.idiculed for rejecting the telephone. But what actually happened wasn't so ridiculous after all The hirth of the telephone.,-one hundred years ago railway and illuminating gas to Cambridge, Mass. this month-is a fascinating story of the geJ;Jius and Long intrigued by telegraphy, he decided to do persistence of on.e man. In addition, it is an instruc­ something about what he called "this monopoly tive demonstration of how an industrial giant, in with its inflated capital which serves its stockhold­ this case the Western Union Telegraph Co., can ers better than the 'public and whose:rates are ex­ miss its chance to foster an industry-creating orbitant and prohibiting of many kinds of busi­ breakthrough-something that has happened again ness." Between 1868 and 1874, he lobbied unceas­ and again in electronics and other fields. ingly, shuttling back and forth betweep. homes in Between ·1875 and 1879, Western Union's chiefs Boston and Washington. for a private "postal tele­ engaged in an intricate minuet with Alexander graph company" to be chartered by Congress but Graham Bell and his associates. On more than one with Hubbard and some of his friends among the occasion, the telegraph colossus came excruciating­ incorporators. As Hubbard envisioned it, the com­ ly close to absorbing the small group of ~ntre­ pany would build telegraph lines along the nation's preneurs, That the absorption was finally avoided rail and post roads and contract with the Post was probably the result of a technological gamble Office Department to send telegrams on its wires ~t that simply didn't payoff, as rates roughly half those being charged by Western ••• The place: the ollie of well as a clash of personali­ Union.
    [Show full text]
  • Timeless Values, Enduring Innovation
    TIMELESS VALUES, ENDURING INNOVATION T HE G RAYBAR STORY T H E G R AY B A R S T O RY by Richard Blodgett GREENWICH PUBLISHING GROUP, INC. © 2009 Graybar G b Electric El i Company, C Inc. I All Al rights reserved. Printed and bound in the United States of America. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without permission in writing from Graybar, 34 North Meramec Avenue, St. Louis, MO, 63105, except by a reviewer who wishes to quote brief passages in connection with a review written for inclusion in a magazine, newspaper or broadcast. Produced and published by Greenwich Publishing Group, Inc. Old Lyme, Connecticut www.greenwichpublishing.com Designed by Clare Cunningham Graphic Design Library of Congress Control Number: 2009936538 ISBN: 0-944641-77-6 First Printing: October 2009 10 9 8 7 6 5 4 3 2 1 Any trademarks in this book are property of their respective owners. PHOTO CREDITS: Pages 6-7 courtesy of John Nemec Pages 16-17 © Bettmann/CORBIS Page 20 © CORBIS Page 20 (inset) © Hulton-Deutsch Collection/CORBIS Page 28 (upper left) © Bettmann/CORBIS Page 29 (both) © Bettmann/CORBIS Page 30 (upper right) © Bettmann/CORBIS Page 44 courtesy of John Rodriguez Page 50 Smithsonian Institution SI NEG #EMP122.020 Page 79 (upper) © Bettmann/CORBIS Page 79 (lower) courtesy of AdClassix.com Page 104 © Joel W. Rogers/CORBIS Page 105 © Bettmann/CORBIS Graybar would like to thank Scott Smith and David Torrence, who have helped document Graybar’s history and milestone achievements through photography.
    [Show full text]
  • The Telephone and Its Several Inventors
    The History of Telecommunications The Telephone and its Several Inventors by Wim van Etten 1/36 Outline 1. Introduction 2. Bell and his invention 3. Bell Telephone Company (BTC) 4. Lawsuits 5. Developments in Europe and the Netherlands 6. Telephone sets 7. Telephone cables 8. Telephone switching 9. Liberalization 10. Conclusion 2/36 Reis • German physicist and school master • 1861: vibrating membrane touched needle; reproduction of sound by needle connected to electromagnet hitting wooden box • several great scientists witnessed his results • transmission of articulated speech could not be demonstrated in court • submitted publication to Annalen der Physik: refused • later on he was invited to publish; then he refused • ended his physical experiments as a poor, disappointed man Johann Philipp Reis 1834-1874 • invention not patented 3/36 The telephone patent 1876: February 14, Alexander Graham Bell applies patent “Improvement in Telegraphy”; patented March 7, 1876 Most valuable patent ever issued ! 4/36 Bell’s first experiments 5/36 Alexander Graham Bell • born in Scotland 1847 • father, grandfather and brother had all been associated with work on elocution and speech • his father developed a system of “Visible Speech” • was an expert in learning deaf-mute to “speak” • met Wheatstone and Helmholtz • when 2 brothers died of tuberculosis parents emigrated to Canada • 1873: professor of Vocal Physiology and Elocution at the Boston University School of Oratory: US citizen Alexander Graham Bell • 1875: started experimenting with “musical” telegraphy (1847-1922) • had a vision to transmit voice over telegraph wires 6/36 Bell (continued) • left Boston University to spent more time to experiments • 2 important deaf-mute pupils left: Georgie Sanders and Mabel Hubbard • used basement of Sanders’ house for experiments • Sanders and Hubbard gave financial support, provided he would abandon telephone experiments • Henry encouraged to go on with it • Thomas Watson became his assistant • March 10, 1876: “Mr.
    [Show full text]
  • Western Union Direct to Bank Transfer
    Western Union Direct To Bank Transfer energeticallyTannie is sharp-witted or collide andany pin-upsynod. ethereallyRightist and while bilabial craniate Franky John-David never frame-up pectizes his and formalisms! kilts. Sheffy remains bronzy after Moshe intervolving As long as you know the person you are sending to, Western Union is safe. Western Union fee structure and charges associated with using their money transfer service. Direct Limited provides specialist international money transfer services for personal and business customers. Each of these have local banking details. Offering support via chat would also help. Xoom only supports sending from USD, CAD, GBP and EUR. Additionally the UK has an online chat facility. Working with global clients, he has become an expert in comparing money remittance companies. That said, the day to day business user experience and services available are very good. Western Union provides various services for personal customers. No automated email notification will be sent to the recipient when you use this method, so we strongly recommend that you independently contact your recipient to let them know that they should expect a payment to their account. By funding the transaction, you are accepting the terms presented on the PDS. Registration does not imply a certain level of skill or training. Payment options depend on the country you are sending money from and to. Which scores better when comparing XE Money Transfer vs Western Union? For example, from India, you can send money only to Australia, Canada, Europe, Hong Kong, Malaysia, Singapore, the UK and the US. Where do I start? UK, Spain, Ireland, France, Romania and Australia.
    [Show full text]
  • The Western Union Company (WU) Meeting Date: 30 May 2013 POLICY: United States Meeting ID: 795284
    ISS PROXY ADVISORY SERVICES ISS QuickScore Meeting Type: Annual Meeting Date: 30 May 2013 The Western Union GOVERNANCE Record Date: 1 April 2013 Meeting ID: 795284 New York Stock Exchange: WU Company 7 Index: S&P 500 Sector: Data Processing and Outsourced Services GICS: 45102020 Key Takeaways Scores indicate decile rank relative to index or region. A decile Primary Contacts While performance concerns remain, CEO pay appropriately declined amid poor score of 1 indicates Sean Quinn lower governance risk, David Kokell – Compensation performance in 2012. while a 10 indicates Limor Weizmann – E&S higher governance risk. Equity awards for FY2012 feature cut-back reward provisions, in addition to the [email protected] original performance conditions. Lower reward opportunities will be triggered unless the company's TSR performance meets the S&P500 Index's returns, and avoid further stock price decline – these appear appropriate in light of current TSR underperformance. However, shareholders are advised to monitor the efficacy of this new design structure, to ensure grants under the program do not further inflate pay. Policy: United States Agenda & Recommendations Incorporated: Delaware, USA Item Code Proposal Board Rec. ISS Rec. MANAGEMENT PROPOSALS 1 M0201 Elect Director Dinyar S. Devitre FOR FOR 2 M0201 Elect Director Betsy D. Holden FOR FOR 3 M0201 Elect Director Wulf von Schimmelmann FOR FOR 4 M0201 Elect Director Solomon D. Trujillo FOR FOR 5 M0550 Advisory Vote to Ratify Named Executive Officers' Compensation FOR FOR 6 M0101
    [Show full text]
  • Tax Scam Continues to Scare People out of Their Money
    Fraud Alert: Tax Scam Continues to Scare People Out of their Money Imagine receiving an unexpected call with the person stating they are from the Australian Tax Office or Commonwealth Director of Public Prosecutions (CDPP). The caller states you owe the Australian Tax Office money and that there is a warrant for your immediate arrest for non- payment. The caller states payment is required immediately to avoid arrest. The caller then goes on to state your assets such as bank accounts may be frozen if payment is not made. The caller is very intimidating and in some cases claims that your phone is being monitored so that you should not call anyone. The caller claims that you need to immediately make the payment owed via a money transfer company or cash deposit into a bank account. The caller may insist that they stay on the phone while you go to complete the payment. This is a scam, please refer to warnings from SCAMWatch (https://www.scamwatch.gov.au/news/telephone-calls-alleging-fake-arrest-warrants-used-to- scam-money), Commonwealth Director of Public Prosecutions (http://www.cdpp.gov.au/news/alert-hoax-cdpp-phone-calls/) and Tax Office (https://www.ato.gov.au/General/Online-services/In-detail/Online-security/How-to-verify-or- report-a-scam/#Mobilephonescams) Unfortunately, once you have sent the money or made the payment you’ve just become a victim of a scam that is happening across the country, known as the “Tax scam.” This scam involves bogus calls from individuals claiming to be from the Australian Tax office, Commonwealth Director of Public Prosecutions (CDPP) or other Government officials.
    [Show full text]
  • 4 Ways to Protect Yourself Against Advanced Fee and Prepayment Scams
    4 ways to protect yourself against advanced fee and prepayment scams When you’re reading through your daily emails, you most likely check the spam folder, deleting the strange and unwanted items from your inbox. But what happens when one slips through the cracks? Perhaps it’s from a phony loan company, with emails, websites and documents that appear to be legitimate. Their offer sounds almost too good to be true, but you decide to test it out. Unfortunately, thieves posing as authentic companies are luring victims every day into paying fees in anticipation of receiving something of greater value, like a loan, credit card, grant, investment or inheritance money. The victim sends money to the scammer using a money transfer service, but then receives nothing in return. These loans, credit cards, grants, investments or inheritance sums never actually existed. And once the scammers get their money, they are never heard from again. These types of advanced fee or prepayment scams often prey on those who are struggling financially, but that doesn’t mean they can’t happen to anyone. Phony offers don’t just come through email and over the Internet; you might receive a letter in the mail offering you an opportunity. Another prominent scam may be initiated by someone claiming to be a person of importance in a foreign country who needs your assistance in accessing funds in their country, tricking consumers into thinking their request is legitimate. The fraudsters are very convincing. To help you stay informed and make smart decisions, Western Union offers tips to help you protect yourself against advanced fee or prepayment scams: Never send money to someone you haven’t met in person.
    [Show full text]
  • Foreign Currency Conversion Services Inquiry
    Foreign currency conversion services inquiry Final report July 2019 accc.gov.au Australian Competition and Consumer Commission 23 Marcus Clarke Street, Canberra, Australian Capital Territory, 2601 © Commonwealth of Australia 2019 This work is copyright. In addition to any use permitted under the Copyright Act 1968, all material contained within this work is provided under a Creative Commons Attribution 3.0 Australia licence, with the exception of: the Commonwealth Coat of Arms the ACCC and AER logos any illustration, diagram, photograph or graphic over which the Australian Competition and Consumer Commission does not hold copyright, but which may be part of or contained within this publication. The details of the relevant licence conditions are available on the Creative Commons website, as is the full legal code for the CC BY 3.0 AU licence. Requests and inquiries concerning reproduction and rights should be addressed to the Director, Content and Digital Services, ACCC, GPO Box 3131, Canberra ACT 2601. Important notice The information in this publication is for general guidance only. It does not constitute legal or other professional advice, and should not be relied on as a statement of the law in any jurisdiction. Because it is intended only as a general guide, it may contain generalisations. You should obtain professional advice if you have any specific concern. The ACCC has made every reasonable efort to provide current and accurate information, but it does not make any guarantees regarding the accuracy, currency or completeness of that information. Parties who wish to re-publish or otherwise use the information in this publication must check this information for currency and accuracy prior to publication.
    [Show full text]
  • Bell Telephone Company - 130 Years Old
    8 Page EAGLEVILLE TIMES A Step Back in Time By Bobbie Sue Shelton-Lonas Bell Telephone Company - 130 Years Old My grandson, Blake Hodge after fi nding While reading some history on the tele- an old, September 1954, telephone book In 1860 Philipp Reis a German science ter of the microphone type previously de- phone, an invention developed in 1876, hanging in our log house, suggested the teacher began work on the telephone. veloped by Gray and unlike any described I thought it was very interesting that this subject of this article. Much older books Reis was let down by his apparatus - it in Bell’s previous patent applications. He year will be the 130th anniversary of the exist but while looking at the names in the could reproduce continuous musical notes also used an electromagnetic metal-dia- fi rst telephone company. The “Bell Tele- Eagleville section of this one, memories of well but produced indistinct speech. His phragm receiver of the kind built and used phone Company,” was founded in Boston people listed, brought back some child- telephone was shown in demonstrations publicly by Gray several months earlier. Massachusetts July 9, 1877. all over Europe, including one in Scotland hood memories and hopefully will do the Although Mr. Reis and Mr. Gray came while Alexander Graham Bell was there, same for you who were living here during The telephone was discovered almost very close to the discovery of the tele- visiting his father. this time. The old book also included in- by accident. History tells of a race of phone, the important break came one sum- structions of using a dial telephone, which inventors looking for a way to make the Timing is everything.
    [Show full text]
  • Attachment Dgp - 1
    Case No. TO-2005-0336 Direct Testimony of Don Price ATTACHMENT DGP - 1 Attachment DGP-1 Page 1 of 12 DON PRICE ACADEMIC AND PROFESSIONAL QUALIFICATIONS, AND TESTIMONY PRESENTED BEFORE REGULATORY AGENCIES Academic Background: My academic background is in the social sciences. I received my Bachelor of Arts degree in Sociology from the University of Texas at Arlington May of 1977 and was awarded a Master of Arts degree in Sociology by the University of Texas at Arlington in 1978. Professional Qualifications: From January 1979 until October, 1983, I was employed by the Southwest telephone operating company of GTE where I held several positions of increasing responsibility in Economic Planning. In those positions I became quite familiar with such local exchange telephone company functions as the workings and design of the local exchange network (including both switching and outside plant), the network planning process, the operation of a business office, and the design and operation of large billing systems. From November 1983 until October 1986, I was employed by the Public Utility Commission of Texas. I provided analysis and expert testimony on a variety of policy and rate setting issues. In 1986 I was promoted to Manager of Rates and Tariffs, and was directly responsible for staff analyses of rate design and tariff policy issues in all telecommunications proceedings before the PUC. I have been with MCI for eighteen years, during which time my primary functions have focused entirely on public policy issues relating to competition in telecommunications markets. Beginning with MCI’s acquisition of Western Union Access Transmission Services in 1993, my responsibilities have involved policy issues pertaining to local competition.
    [Show full text]
  • WE-1981-09-10.Pdf
    ' i l l . > f % - « r Y ' » f 4 : . X . Y . a * ^ M a i t c t . l A WKEk'I.V Jori.'S U, UK I'RAiTIiUL INFOlEM.lTHlV. ART. SCfENCE. .MFA llANirsrnHAfl^TRl. AMt M iXl FArTI RFX N K W A ' O i S K . H K F T K M B K K - . ' O . i s - s 4 . m t v s v & A n o m O F T H F a j c e s i c a n B E L L t b l e f h o s e . O N T H E C O V E R 1 0 0 Y E A R S I N T H E B E L L S Y S T E M We have put together this anniver As a Company, we celebrated our 100th birthday more than a decade sary issue in the style of a family ago—^in 1969. What we were commemorating then was the formation album. We begin on the cover with of Gray and Barton, the foremost of the pre-Western Electric firms. glimpses of a dynamic enterprise. A — In the late 1940's, the Bell Sys This year, we are celebrating the 100th anniversary of our entry tem pulled out all stops to increase into the Bell System and our merger with some other predecessor c a p a c i t y o f t h e s w i t c h e d n e t w o r k . firms. The date of that joining is a little fuzzy, because the consolida H e r e W E i n s t a l l e r s a r e a t w o r k o n a tion of what had been competitive forces did not happen overnight.
    [Show full text]