Word: telegraphed
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Dates: during 1960-1969
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...Last week, invoking a constitutional provision that permits intervention in a state when "national integrity" is threatened, Castello Branco let the military have its way. In the space of two days, 6,000 federal troops poured into the state capital of Goiania. The troops took over the telephone and telegraph systems, power companies and a water-treatment plant, formed up around the palace. Outmanned and outgunned, Borges caved in and turned the government over to the military. The way the brass told it, they got Borges just in time...
American Telephone & Telegraph Co.has been trying to reach an 8% return on its invested capital for years,but it keeps getting cut off by a Washington operator: the Federal Communications Commission. Last week the FCC announced an annual $100 million reduction in long-distance telephone rates that will decrease A.T. & T.'s rate of return on interstate telephone operations from its present 7.9% to only 7% . A.T. & T.was obviously displeased. Chairman Frederick Kappel termed the reductions "out of step with the Government's efforts to encourage economic growth." But there is little doubt that subscribers will be happy...
...year president. A Brooklyn-born, Manhattan-schooled accountant who is one-eighth Cherokee, Marshall got into communications accidentally by answering a help-wanted ad by All America Cables in the mistaken belief that it manufactured cables rather than sent them. After working up to executive vice president of Postal Telegraph, he came to Western Union in the 1943 merger that gave W.U. a monopoly on domestic telegraph business. When he became president in 1948, Western Union looked ready for the undertaker. With a creaking plant, antique methods and little research, it was losing money...
Marshall has rescued the company by automating to trim payroll costs from 69% of revenue to 57% last year, by closing unprofitable telegraph offices and by adding such new services as flower orders, wake-up calls and candy-by-wire in the 15,000 offices that remain. The company has made money every year since 1950, last year netted $16.8 million on $297 million in sales...
...show why ice continues to form, the D.A. released a list of the scalpers' customers, among them some of Manhattan's most upstanding corporations: First National City Bank, United States Steel Corp., American Telephone & Telegraph Co., Kenyon & Eckhardt Advertising Agency, the Chemical Bank New York Trust Co., Leeds Music Corp., and Hanes Hosiery...