Word: inc
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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...
...Western Union Telegraph Co. Presidents of both companies have admitted "conversations." denied merger plans. Last week it became apparent that at least one current merger denial was supported by the facts. Abruptly, R.C.A. threw down the gage of battle to Western Union and announced the birth of R.C.A. Communications, Inc., to compete directly with U.S. telegraph companies...
Fields. Speculative is stock in airplane companies; somewhat less speculative is stock in flying fields, since though companies may come and go, the flying field remains always necessary. So last week reasoned many an air-minded U.S. investor, offered stock in Roosevelt Field, Inc., at $18 a share. The new corporation plans to purchase in fee Roosevelt Field, L.I. (from which Col. Lindbergh made his Paris flight) and adjacent Curtiss Field, to supply hangars for planes and parking space and a restaurant for the general public...
Last week this same Mr. Loft was busily engaged in trying to keep, not a suit, but a job. He is president of Loft, Inc., candy chain which for more than 50 years has been a Loft property. Now a group of stockholders is attempting to oust the Loft family (Mr. Loft Sr. is cruising in the Mediterranean) and elect as two of the eleven directors Mr. Otis Emerson Dunham, president of Page & Shaw, Inc., and Mr. Edward T. Williams, vice president of Page & Shaw. At a stockholders' meeting last week (reminiscent of the late Rockefeller-Stewart and Childs...