Instead of the solitary telephone of Cleveland-Harrison days, the White House has now a branch exchange of its own--Main 6--with a sheaf of wires that branch out into every room as well as to the nearest central.
Next to public officials, bankers were perhaps the last to accept the facilities of the telephone.

They were slow to abandon the fallacy that no business can be done without a written record.

James Stillman, of New York, was first among bankers to foresee the telephone era.

As early as 1875, while Bell was teaching his infant telephone to talk, Stillman risked two thousand dollars in a scheme to establish a crude dial system of wire communication, which later grew into New York's first telephone exchange.

At the present time, the banker who works closest to his telephone is probably George W.Perkins, of the J.P.Morgan group of bankers.