Word: postal
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Dates: during 1930-1939
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...revealed by Writer William P. Helm in his recent syndicated articles, over $40,000,000 has been paid by the Post Office Department to shipping companies under these contracts for the carriage of mails that actually brought to the Government a total postal revenue of only...
Last week Senator Reed voted aggressively for each & every "nuisance" tax item that appeared. In addition, he got back of the second-class postal rate increases. What he expected soon happened. The potent motor, radio, cosmetics, and candy lobbies whose products had been singled out for taxation sent up a wounded howl. The proposed tax on bank checks trod on the toes of the American Bankers Association. Publishers, many of them on failure's brink, protested the postal rates...
...Four postal clerks were called on the carpet and roughly rebuked for cancelling stamps in such a way as to smudge the face of His Majesty King Carol...
Last week Postal's parent, International Telephone & Telegraph, made its 1931 report. Salient points: 1) Net income: $7,654,000 against $13,750,000. 2) Telephones in the system provided 59% of the gross revenue, increased from 688,000 to 769,000. Of the gain 50,000 was from acquisition of the Rumanian system. 3) I. T. & T.'s telephone business is distributed as follows: South America, 534%, Asia, 3.2%, Europe, 27.9%, North America (Mexico) 7.8%, West Indies...
...earnings were more than double interest charges, last week I. T. & T.'s three bond issues sold at forebodingly low prices of from 19¢ to 24¢ on $1 and the common stock below $5. In March it was reported in the Press tha Clarence Hungerford Mackay, chairman of Postal, director and big stockholder of I. T. & T., had fallen in his bathroom hurt his head. Last week it was an open secret that Chairman Mackay still lay abed, worried and fretful, may never attend another board meeting...