Word: ltd
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Dates: during 1930-1939
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...Committee that a merger of Radio Corp.'s wireless, Western Union's cables and International Telephone & Telegraph's wireless & cables was essential (TIME, Dec. 23). Argued Mr. Young: only by such a monopoly could U. S. communications compete with such monopolistic foreign communication systems as Britain's Cables & Wireless, Ltd. Mr. Young also suggested the consolidation of Western Union and Postal Telegraph (I. T. & T. subsidiary) into one all-inclusive telegraph system...
...Young's argument concerning threatened British control of world-communication to which Mr. Carlton took most pointed exception. "There is no menace," said he. "It [the menace] is one of the most fantastic bogies dressed up in my experience." He described British Cables & Wireless, Ltd. as a "creaking, awkward, ponderous set-up." He said he could wish a business competitor no worse luck, than to be hooked up in such a system, maintained that his com pany and Radio Corp. "hold the British merger in the hollow of their hand...