It also
raises the poundage to 70 pounds. . . I understand HR 2685 has
been sent to a Committee of which you are a member. . . I should
like to know your and the Committee's reactions thereto. . .
This week's Newsweek says to not be surprised if there's a
postal-rate increase before long--perhaps a 4 cent rate for most
first-class mail. Well, why not, if it takes that or 5 cents or
whatever amount, to break slightly more than even? If my letters
or packages aren't more than paying their way--and I mean just
that--then let me pay more, or quit writing or sending, or else
just deliver them myself. I don't want some fellow at Stonebluff
paying any part of it. . .
Cordially,
AT&T DIRECTORS BETTER STOCK UP
April 4, 1953
To the Board of Directors of American Telephone and Telegraph
Company:
Gentlemen:
Your April, 1953, Notice of the Annual Meeting would seem to
indicate there are 19 of you Directors. . . To my utter
amazement, I seem to find out that I own a few more shares of
your excellent Capital Stock than a majority of your Directors
individually own. A shocking revelation to me. Something must be
wrong. Either I own too many or that majority owns too few. I
think the latter is the case.
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