Word: corps
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Dates: during 1920-1929
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Last week, in Paris, Morgan-Partner Thomas W. Lamont agreed with Chairman Owen D. Young of the Radio Corp. of America that it would be pleasant for all concerned if the International Telephone & Telegraph Corp. should take over Radio's newborn (TIME, April 1) subsidiary, R.C.A. Communications, Inc. So formal and so important was this friendly agreement that it at once was called an ACCORD. A price was mentioned, around $100,000,000. Vice President David Sarnoff of Radio and Nelson Dean Jay of Morgan's Paris house talked details. U. S. directors of both companies hastily met and approved...
Thus were tentatively linked a great wired system (I.T.&T. controls Postal Telegraph and Cable Corp., All-America Cables, Inc., Commercial Cable Co.) and the communication system of the greatest U. S. wireless company, with a trans-Atlantic service, a ship-to-shore service and much advertised plans to create a point-to-point system within...
...whose stock had gone up more than 100 points in one year. A year ago, before the Brothers Behn acquired the Mackay telegraph and cable systems (TIME, April 2, 1928), many an executive would have been put to it to explain: 1) What was the International Telephone & Telegraph Corp.; and 2 ) Who were Sosthenes and Hernand Behn...
Died. Willard L. Velie, 32, of Moline, Ill., acting president of Velie Motor Corp., son of the late president W.L. Velie who died last October; of heart disease; in Moline...
Died. Louis Terah Haggin, 81, of Manhattan, president of Cerro de Pasco Copper Corp., son of the late famed James Ben Ali Haggin ('Forty-niner, racing man, hops and sheep raiser, mining tycoon, connoisseur), uncle of Artist Ben AH Haggin, onetime designer of living tableaux in the Ziegfeld Follies; of pneumonia; in Manhattan...