Word: telegraph
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Dates: during 1970-1979
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Korry said moves by the Senate select committee chaired by Frank Church (D.-Idaho) to quash perjury indictments against former Central Intelligence Agency director Richard Helms and Harold Geneen, president of the International Telephone and Telegraph Company (ITT), are not for "legitimate reasons of national security." Instead, he characterized them as an effort to avoid revelations of "bribery, felonies, and conspiracies to murder" perpetrated at the highest levels of government...
...weapons and tools - the rifles and pistols, the screws and wrenches, the shovels and picks - had a new uniformity, thanks to the so-called American System of Manufacturing (the system of interchangeable parts, sometimes called the Uniformity System). The telegraph and the power press and the mass-circulating newspaper brought the same information and the same images to people thousands of miles apart. Human experience for millions became more instantaneously similar than had ever been imagined possible...
...most successful month in Wall Street history (see box). By April, growth figures were in for the first quarter, and they seemed almost too good to believe. Discounted for inflation, G.N.P. rose at a 9.2% clip, one of the biggest quarterly spurts on record. Corporate profits soared; American Telephone & Telegraph eventually became the first U.S. corporation ever to earn more than $1 billion in a three-month period. Some economists began worrying about an inflationary overheating of business...
...take over when the chairman reached retirement age of 65. But when that date finally arrived in 1966, Paley announced that he would not step down after all; it was Stanton who retired at 65. His successor was Charles T. Ireland, a financial expert hired away from International Telephone & Telegraph in 1971 to guide an ambitious acquisitions program. When Ireland died of a heart attack the next year, another outsider with financial savvy was brought in: Arthur Taylor, then a 37-year-old whiz kid from International Paper...
...Bell has never kept secret its desire to monopolize U.S. telephone service. Arguing that competition fostered waste, duplication and higher phone rates, the American Telephone and Telegraph Company in 1908 launched an ad campaign with the theme "One system, one policy, universal service...