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Bulletin HASKINS & SELLS 7 Telephotographic Statement OUR New York Broad Street office recently sent a financial statement by the telephotographic system of the American Telephone & Telegraph Company to our Los Angeles office. This statement was a schedule of securities held by a New York bank for the account of a certain corporation, giving the number and market values of the various securities held on each of three dates. It was of considerable size, covering slightly more than one ordinary working sheet. The time required was approximately one and one-half hours from the time the statement was placed in the hands of the transmitter until it was delivered to our Los Angeles office. The cost of sending it by telephotograph was considerably less than it would have been to have sent it by telegraph. Obviously, the result was much more satisfactory. The New York Broad Street office was enthusiastic over their first experience in using the telephotographic process. News Items Colonel Carter and Mr. Kracke recently returned from Europe on the S.S. Majestic of the White Star Line. Colonel Carter was reelected vice-president of The Accountants Club of America, at its annual meeting on November 19, 1928, at New York.