Word: mackays
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Dates: during 1920-1929
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...enlarge the police force, insisted that new men be carefully taught the rudiments he had learned himself. Then he had a falling out. Rumors were that Mr. McLaughlin could not understand why the law against gambling dens was not valid in all parts of the city. Clarence H. Mackay offered him a position in the Postal Telegraph & Cable Companies as executive vice president. This, too, was a strange job for a banker. But he accepted. The company would pay him $75,000 a year. He would study the business and discover how to earn that much...
...What the Mackay Companies (Postal Telegraph, Commercial Cable, Radio Communications, etc.) would do about the bigger and better transpacific cable projected by the Western Union Telegraph Co. (TIME, Aug. 15, 22) developed last week...
...Mackay Companies, through its subsidiary Radio Communication Co. Inc., bought the land and marine radio telegraph system...
...said President Ellery W. Stone of Federal Brandes, Inc., a related corporation, last week. Radio Communication further made a 20-year contract with Federal Telegraph to buy solely from Federal Telegraph all the radio, wired radio, picture transmission, long distance telephone repeater and facsimile telegraph equipment which the Mackay Companies might need in the doing of its business. On such equipment Federal Telegraph is to make a 25% profit and also a royalty on the pieces of apparatus used by the Mackay Companies. Further, the Mackay Companies obligated itself, through its Radio Communication, to pay half the cost of Federal...
From Clarence H. Mackay, head of the Postal-Telegraph-Commercial Cable interests, came no answer. He was shooting grouse in Scotland (see p. 11). And from his subordinates came no official statement. Nevertheless a reliable report got about last week that the Mackay in terests would meet the Newcomb Carlton interests (Western Union) with measures never before adopted by a U. S. cable company with radio. For perhaps five millions, estimators said, the Mackay system could and would set up a "beam" radio service similar to the Marconi Co.'s present, and the Radio Corp.'s proposed, transatlantic...