Word: mergers
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Dates: during 1930-1939
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...merger proposals of the Interstate Commerce Commission have disappointingly neglected to recognize this condition, although they are foresworn to a policy of "improvement via competition." It is unfortunate that one of the country's most enviable short-line franchises- New York-to-Boston-could find no better use in the eyes of I.C.C. than to be hooked up to another short-line, of minor importance, which would accomplish a direct connection between...
...sought to reach its long western arm into their communities (chiefly Boston) a few years ago, by proposing to annex New York, New Haven & Hartford, nothing happened. Is it coincidence that New England-to-the-West railroad competition would still be a myth after the fulfillment of the I.C.C. merger proposal...
...smartly-tailored Newcomb Carlton, head of Western Union Telegraph Co., to the Interstate Commerce Committee of the U. S. Senate sitting to ponder national policy on communications, nerve of trade, nerve of war. Last month Owen D. Young of Radio Corp. had told the same Senate 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...
...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...
...Carlton further testified that he had no objection to a merger between Radio Corp. and I. T. " T. (Radio has long wished to sell I. T. & T. its communications business) and admitted that his own company had discussed a similar merger with Radio Corp. But Mr. Carlton did not like Mr. Young's terms. "At no time and in no way," said he, "has the genius of Owen D. Young found more eloquent expression than in the framing of the terms he wanted us to agree to. The only trouble was, we were awake.' Mr. Young's terms, Mr. Carlton...