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met its Waterloo in the telephone. It spent one million, eight hundred It undertook to start a second system in London, and in two years discovered its blunder and proposed to cooperate. It granted licenses at the rate of ten thousand a year. No large improvements are under way, company might have given good service, but it was hobbled and fenced in hundred thousand telephones in use. London, with its six hundred and one million, five hundred and twenty-five thousand dollars. bravely, with loud beating of drums, plunged from one mishap to another, by jealous regulations. It was compelled to pay one-tenth of its gross quickly swallowed the other twelve. If it had been let alone, this So, from first to last, the story of the telephone in Great Britain has as the Post Office has given notice that it will take over and operate six months' notice. And as soon as it had strung a long-distance system and finally quit. Even Glasgow, the premier city of municipal ownership, thousand dollars on a plant that was obsolete when it was new, ran it earnings to the Post Office. It was to hold itself ready to sell out at private companies. As might have been expected, the ablest company But the muddle continued. In order to compel competition, according of wires, the Postmaster General pounced down upon it and took it away. all private companies on New Year's Day, 1912. The bureaucratic muddle, to five cities that demanded municipal ownership. These cities set out licensed company, and threw open the door to a free-for-all competition. to the academic theories of the day, licenses were given to thir-teen forty square miles of houses, has one-quarter of these, and is gaining for a time at a loss, and then sold it to the Post Office in 1906 for been a "comedy of errors." There are now, in the two islands, not six Then, in 1900, the Post Office tossed aside all obligations to the