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Bell Telephone Company : ウィキペディア英語版
Bell Telephone Company

The Bell Telephone Company, a common law joint stock company, was organized in Boston, Massachusetts on July 9, 1877, by Alexander Graham Bell's father-in-law Gardiner Greene Hubbard, who also helped organize a sister company — the New England Telephone and Telegraph Company. The Bell Telephone Company was started on the basis of holding "potentially valuable patents", principally Bell's master telephone patent #174465.〔Pizer 2009, pp. 123–124〕
The two companies merged on February 17, 1879, to form two new entities, the National Bell Telephone Company of Boston, and the International Bell Telephone Company, soon-after established by Hubbard and which became headquartered in Brussels, Belgium.〔
Huurdeman, Anton A. (''The Worldwide History Of Telecommunications'' ), Wiley-IEEE, 2003, ISBN 0-471-20505-2, ISBN 978-0-471-20505-0, p. 179
〕〔
Stephen B. Adams, Orville R. Butler. (''Manufacturing The Future: A History Of Western Electric'' ), Cambridge University Press, 1999, p. 49, ISBN 0-521-65118-2, ISBN 978-0-521-65118-9.
〕〔
http://cf.collectorsweekly.com/stories/6xeKN4f.lkxuSPAUtAFSvQ-small.jpg
Pizer 2009, pp. 119, 125〕 Theodore Vail then took over its operations at that point, becoming a central figure in its rapid growth and commercial success.
The National Bell Telephone Company subsequently merged with others on March 20, 1880, to form the American Bell Telephone Company, also of Boston, Massachusetts.〔Pizer 2009, p. 125〕
Upon its inception, the Bell Telephone Company was organized with Hubbard as "trustee", although he was additionally its ''de facto'' president, since he also controlled his daughter's shares by power of attorney, and with Thomas Sanders, its principal financial backer, as treasurer.〔Pizer 2009, p. 127〕 The American Bell Telephone Company would later evolve into the American Telephone & Telegraph Company (AT&T), at times the world's largest telephone company.
== Predecessor to the Bell Company ==

The Bell Patent Association (February 27, 1875 – July 9, 1877, a name later assigned by historians),〔Galambos, Louis. (Theodore N. Vail and the Role of Innovation in the Modern Bell System ), ''The Business History Review'', Vol. 66, No. 1, High-Technology Industries (Spring, 1992), pp. 95-126. Article Stable URL: http://www.jstor.org/stable/3117054.〕 was technically not a corporate entity but a trusteeship and a partnership, and was first established verbally in 1874 to be the holders of the patents produced by Bell and his assistant Thomas Watson.
Approximate one-third interests were at first held by Gardiner Greene Hubbard, a lawyer and Bell's future father-in-law; Thomas Sanders, the well-to-do leather merchant father of one of Bell's deaf students (and who was the very first to enter into an agreement with Bell);〔Patten & Bell 1926, pp. 11–12.〕 and finally by Alexander Graham Bell himself. Hubbard would subsequently register some of his shares with two other family members. An approximate 10% interest of the patent association was later assigned by its principals to Bell's technical assistant Thomas Watson, in lieu of salary and for his earlier financial support to Bell while they worked together creating their first functional telephones.
The verbal Patent Association agreement was first formalized in a memorandum of agreement on February 27, 1875.〔Pizer 2009, p. 122.〕 The Patent Association's assets would later become the foundational assets of the Bell Telephone Company.〔Bruce 1990, p. 291.〕〔Pizer 2009, pp. 120–124.〕

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