Word: telefonica
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Dates: during 1930-1939
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From the 15-story La Prensa (Press) Building, a great white flag was hoisted.From the 16-story Telefonica, Madrid's tallest building, the red-&-gold banner of the old Monarchy, now the Franco flag, invited the conquerors in. The weary Loyalist defenders backed out of their trenches, leaving their arms behind. From scattered balconies draped old Monarchist flags, mantillas with Bourbon emblems...
Such skyscrapers as Manhattan's are nearly ideal in resisting bombs and shellfire but the low brick buildings of most European capitals are comparative death traps, according to Madrid dispatches last week. The city's only real skyscraper, the Telefonica, had not only taken the punishment of 43 shells and bombs but its automatic Spanish-built switchboards continued efficiently to serve most of the 53,000 telephone subscribers in Madrid and, despite the horrors of a siege now entering its sixth month, the great majority of these Madrid subscribers have continued to pay their telephone bills. When...
...Telefonica Safe. The heavy, heavy threat that International Telephone & Telegraph Corp.'s big Spanish subsidiary might lose its franchise was lifted last week. When Left-wing deputies demanded that the bill abrogating the contract be brought up for debate, Premier Azana requested that the Cortes refrain from discussion, declaring: "The Government takes full responsibility for the negotiations [with Compania Telefonica National de Espana for a new contract] . . . will stand or fall on the question." The Cortes voted 181 to 11 to let the Government stand, but not until after two excited deputies had started to pummel each other...
Heavy, heavy over the head of International Telephone & Telegraph Corp. hangs the threat that Spain's Cortes (parliament) will declare the franchise for its big subsidiary. Compania Telefonica Nacional de Espana, null & void. The threat has hung over I. T. & T.'s head for eleven months, and last week Left-wing Deputies in the Cortes were shouting loudly for a vote on the bill, a hefty item in the pre-Revolution program against His Catholic Majesty Alfonso XIII. The shouting Deputies claim the franchise was illegal, that it was obtained only after a thumping bribe was slipped...
...Telefonica Nacional, which will permit them to kill the bill without politically killing themselves. I. T. & T. officials plan to stand squarely on their legal rights, point out that nearly one-third of Telefonica National's stock is held in Spain. (I. T. & T.'s investment in Spanish telephones is about $65,000,000.) Thoughtful Spaniards argue that repudiation of the contract would injure Spanish credit, might cause exclusion of Spanish wines from the hoped-for U. S. market...