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one thousand dollars a share. (2) To pay the Western Union a royalty of twenty per cent on all (1) To buy the Western Union telephone system. master-stroke of diplomacy on the part of the Bell Company. It was the The Western Union had lost its case, for several very simple reasons: telephone rentals. This agreement, which was to remain in force for seventeen years, was a disputation, a treaty of peace was drawn up and signed. By the terms of Magna Charta of the telephone. It transformed a giant competitor into (3) To keep out of the telegraph business. The Bell Telephone now took its place with the Telegraph, the Railroad, (1) To admit that Bell was the original inventor. a friend. It added to the Bell System fifty-six thousand telephones in pinnacle of prosperity that its stock went skyrocketing until it touched fifty-five cities. And it swung the valiant little company up to such a (3) To retire from the telephone business. With all its power, it found itself outfought by this compact body of picked men, who were young, zealous, well-handled, and protected by a possibilities of the telephone business; and its already busy agents had (2) To admit that his patents were valid. It had tried to operate a telephone system on telegraphic lines, a The Bell Company, in return for this surrender, agreed-- most invulnerable patent. the Steamboat, the Harvester, and the other necessities of a civilized plan that has invariably been unsuccessful, it had a low idea of the little time or knowledge or enthusiasm to give to the new enterprise. this treaty the Western Union agreed--