. Bell telephone magazine . est of honor at a dinner atwhich the principal speakers wereCharles E. Wilson, Director of De-fense Mobilization, and Arthur , a director and former vice presi-dent of the A. T. & T. Company. During the rest of the week, theDentons were guests of honor at a re-ception and luncheon at the New YorkStock Exchange, and visited a numberof Bell System installations. Theseincluded the Kearny Works of theWestern Electric Company, the BellSystems manufacturing and supply or-ganization ; the headquarters of theLong Lines Department, which pro-vides long distance and ove
. Bell telephone magazine . est of honor at a dinner atwhich the principal speakers wereCharles E. Wilson, Director of De-fense Mobilization, and Arthur , a director and former vice presi-dent of the A. T. & T. Company. During the rest of the week, theDentons were guests of honor at a re-ception and luncheon at the New YorkStock Exchange, and visited a numberof Bell System installations. Theseincluded the Kearny Works of theWestern Electric Company, the BellSystems manufacturing and supply or-ganization ; the headquarters of theLong Lines Department, which pro-vides long distance and overseas tele-phone service and networks for carry-ing radio and television programs; andthe Bell Telephone Laboratories, theworlds largest industrial researchcenter. On Saturday, May 19, the Dentonsboarded a plane for home. They hadhad unusual opportunities to see someof the plant and the operations of thecompany of which they had suddenlybecome the most celebrated stock-holder. Editor 81 82 Bell Telephone Magazine SUMMER. Against a back-drop of a radio relay antenna on the roof of Long Lines headquarters^ Mr. and Mrs. Denton hear an expla>iation of this method of communication from W. H. Schwaikert Capital is commonly expressed indollars. Let us take a brief glanceat the dollars which represent thecapital wealth of the United States. The homes of our 45,000,000family groups are worth a total ofsome 250 billion dollars, and otherreal estate—not including farms—another 50 billions. The nearly5,500,000 farms are worth—exclu-sive of dwellings—about 50 billionsalso, and household goods and auto-mobiles could be assessed at perhapsas much as 100 billions. All thesepersonal assets add up to not farfrom 450 billion dollars. Now takeinto account the capital of Americas600,000 corporations and you havean estimated 400 billions are personal and corporatecapital values. If to those sums weadd our truly nationalproperties—everythingfrom highways to Navy,from national
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