Word: telegraphed
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Dates: during 1920-1929
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...President Calvin Coolidge signed a bill known officially as H. R. No. 632, known unofficially as the White Act. Of its many sections, the 17th was destined to cause the most trouble. For it provided that U. S. radio companies and U. S. cable (telegraph, telephone) companies should never unite, if their union might "substantially lessen competition ... or restrain commerce . . . or unlawfully create a monopoly...
Last week, in Paris, Morgan-Partner Thomas W. Lamont agreed with Chairman Owen D. Young of the Radio Corp. of America that it would be pleasant for all concerned if the International Telephone & Telegraph Corp. should take over Radio's newborn (TIME, April 1) subsidiary, R.C.A. Communications, Inc. So formal and so important was this friendly agreement that it at once was called an ACCORD. A price was mentioned, around $100,000,000. Vice President David Sarnoff of Radio and Nelson Dean Jay of Morgan's Paris house talked details. U. S. directors of both companies hastily met and approved...
Thus were tentatively linked a great wired system (I.T.&T. controls Postal Telegraph and Cable Corp., All-America Cables, Inc., Commercial Cable Co.) and the communication system of the greatest U. S. wireless company, with a trans-Atlantic service, a ship-to-shore service and much advertised plans to create a point-to-point system within...
...there is to be, the telegraph companies now appear to have the whip hand. R.C.A. radio circuits terminate at New York on the East Coast and San Francisco on the West Coast. Blank of its stations is the whole interior. Not only can it transmit no domestic messages, but all messages from the interior for radio transmission abroad must be relayed to the coast over Western Union wires. Tentative, temporary are R.C.A.'s "agree ments" with these companies. Therefore, to escape this bondage, R.C.A. Communications has applied to the Federal Radio Commission for 67 wave lengths to be used...
...field was Universal Wireless Communications Co, of Buffalo, which obtained late last year (TIME, Jan. 7) from the Federal Radio Commission a generous helping of wave lengths. This is still a dark horse; no steps have been taken to establish its proposed radio network between no U.S. cities. Postal Telegraph itself is the other rival: it has also applied to the Commission for domestic wave lengths. If radiotelephonic hookups, now a possibility, become a reality, the remaining great communications company, American Telephone & Telegraph Co., will be drawn into the fight...