Word: telegrapher
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...shrewd, alert little George Backer bought the New York Post last June, he knew that it was losing around $500,000 a year, knew also that he would have to sink more money in it. A city councilman (representing the American Labor Party) and philanthropist, president of the Jewish Telegraph Agency, George Backer at 37 was rich from the proceeds of his Manhattan real-estate business. He thought he could spare the money...
...This is only Rumor No. 687," pooh-poohed Sportswriter Harry Keck of Pittsburgh's Sun Telegraph last week. But the rumor he was talking about proved well founded. Dr. John Bain ("Jock") Sutherland, famed Pitt football coach, who was dumped into the open market a year ago after a row with Pitt educators, was thereafter rumored engaged almost as often as Brenda Frazier, had actually signed a contract: to coach the Brooklyn Dodgers, National League professional-football club...
...four-and-a-half-year reorganization last week came what was left of the late Clarence Mackay's Postal Telegraph communications system...
...Postal system had two main units: the "Land Line System," with a domestic telegraph business, and a cable and radio system to Europe and Latin America. In 1928, Clarence Mackay decided that music was a more interesting medium of communication, sold the system to International Telephone & Telegraph. By June 1935, I. T. & T. was fed up with advancing Postal cash to pay the $2,500,000-a-year interest on its bonds, let it slip into 77-B. Largest independent bondholder: Lehman Bros, (and clients), whose Bondholders Committee finally represented some $30,000,000 (about 60%) of the bonds...
Upshot of the reorganization is two new companies: Postal Telegraph, Inc., which gets the land lines, and American Cable & Radio Corp., a holding company, which gets the old radio and cable lines (induding I. T. & T.'s South American radio properties). Two-thirds of A. C. & R. is to be owned by I. T. & T., one-third by bondholders in the old Postal. Traffic contracts will link Postal's land lines to the international network...