Word: marconis
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Dates: during 1920-1929
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...great communications merger in England, the formation of Cables & Wireless Ltd., the stock of which was traded in for the first time last month. Into that merger the British poured four great cable systems (including one government-owned), the government beam wireless system and the great British Marconi Co. The merger has a huge liquid capital. It owns cable and wireless systems which girdle the globe...
...story in several chapters. In 1919, when Radio Corp. was formed, it was organized solely for the purpose of transmitting wireless messages. At that time Great Britain, long dominant in cable communication, was also the outstanding leader in wireless. World's greatest wireless company was British Marconi (Marconi's Wireless Telegraph Co., Ltd.) which controlled American Marconi (Marconi Wireless Telegraph Co. of America), leading U. S. wireless concern. British Marconi was attempting to buy from General Electric Co. exclusive rights in the Alexanderson high-frequency alternator, which first made long-distance radio communication possible. From the Inter-Allied...
...resolved to organize a potent U. S. wireless company which would enable U. S. wireless to compete on equal terms with British wireless, and be a customer for the Alexanderson alternator. General Electric bought out the British Marconi company's interest in American Marconi, organized Radio Corp. of America to take over the business of American Marconi, which thereupon became defunct. Associated with General Electric were American Telephone & Telegraph, United Fruit Co., and Westinghouse Electric, of which only Westinghouse remains an important factor. Thus U. S. wireless became strong and vigorous, developed a three-second trans-Atlantic service, carried...
...nine he had been studying the Talmud for three years. In 1906 Sarnoff Sr. died. In the same year young David got a $5 job as messenger boy with Commercial Cable Co. He saved $2, bought a telegraph instrument, soon was a junior telegraph operator with the old American Marconi...
...wireless operator at John Wanamaker's in 1912. When the Titanic sank, he stayed on the job for 72 hours getting the record of the disaster, the list of survivors. When Radio Corp. absorbed American Marconi, Mr. Sarnoff, the Commercial Manager, retained his position. He became General Manager in 1921, Vice President in 1922. Now he is a world figure. While his great and good friend, Owen D. Young, was formulating the famed Young Plan in Paris, he, conscientiously in the background, gave potent...