Word: telegraphe
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...this homey and tenuous network tore apart, and the town with it, when the new owner, the Oxford County Telephone & Telegraph Co., announced it was replacing crank with dial. Before you could say d.a., a "Don't Yank the Crank" committee was formed. T shirts displaying that motto went on sale in Brad Hooper's village store. There were town meetings and more town meetings. Lawyers were hired, and briefs got filed with the public utilities commission to prevent the conversion to dial, and even void the sale...
...this year fishermen are returning home from Scotland with little more than tales of the big ones they never saw, let alone those that got away. London's Daily Telegraph describes the salmon season, which began in January and continues until November, as "possibly the worst on record." Says a seasoned Scottish fishing guide: "Ye'll have observed that when Charles wants to give his Princess casting lessons he takes her doon to the Dee. But when he wants to catch fish, he makes awa' for Iceland." In fact, the Prince of Wales did better than most...
...seven months, executives of American Telephone & Telegraph Co. (1981 revenues: $59.2 billion) have not dared pop open champagne bottles to celebrate the settlement of the Government's antitrust suit against the company. Reason: they have waited nervously for U.S. District Court Judge Harold Greene to end the case by signing a consent decree for the landmark agreement that AT&T and the Justice Department reached in January. Greene had won a reputation for pulling surprises in the eight-year-old case, and nothing could be set until he approved the deal. Last week the judge did it again, ruling...
...local companies get off to a good start as independents by keeping down their debt loads. At least 55% of the capitalization for the new companies must be in the form of equity; only 45% can be debt. An exception will be made for the ailing Pacific Telephone & Telegraph Co., whose borrowings could range up to 50% of its total capital...
Meanwhile, the verdict puts new pressure on journalists to play it safe. In the past two years, multimillion-dollar libel verdicts have been returned against the National Enquirer, Penthouse and the tiny (circ. 37,557) Alton (Ill.) Telegraph, which had to file for bankruptcy protection while it negotiated a settlement of the $9.2 million award against it. For such small press enterprises in particular, even the legal fees involved can be destructive. The Tavoulareases so far have spent $2 million on lawyers to fight the case, and the Post's defense has cost $1 million. Bills on such...