THE DEVELOPMENT OF TELEPHONE SERVICE
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On August 25, 1883, the opinion of Judge Lowell on final hearing was delivered in part as follows:
Telephone men were not alone in their realization that self-preservation lay in concentration. For financiers were beginning to perceive the wisdom in the original plan of one great company, to also realize how dependent the future growth and development of the industry was on a centralized policy, and to foresee that the product of unity in purpose, in method, in management, would be serviceable to users and profitable to investors. It was already evident that telephone service had come to stay, that it was an important aid in the transaction of business in every line of industry, and that it was certain to have a revolutionizing effect on many phases of industrial, commercial, professional and social life.
In its annual report for the fiscal year ending February 28, 1883, the parent Bell company said: