Word: telegraphically
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MERGER TALK is buzzing between International Telephone & Telegraph Corp. and Underwood Corp. I.T. & T. (1955 revenue: more than $400 million) and Underwood (1955 sales: $82 million) would each benefit from the other's automation and electronic work. Deal would probably involve some sort of straight cash transaction, since I.T. & T. policy is usually against stock swaps...
Eden won, by the usual 60-vote majority. But the vote could not make up for the government's loss of prestige. Said the Tory Daily Telegraph of Eden's humiliation: "It was a storm that will echo long and hard." When, two days later, the government went on to arrest and deport the Greek patriarchal leader on Cyprus, Archbishop Makarios, many Britons took it as Eden's desperate attempt to placate critics within his own party, who wanted the government to do something-do anything-bold...
...ministers to emergency consultations on this latest blow to Britain's vanishing prestige in the Middle East. The Times labeled Jordan's act "the most sinister event which has occurred in the Middle East since the Egyptian purchase of arms from the Communists." Mourned the Tory Daily Telegraph: "General Glubb represents the last of that group of British individuals including T. E. Lawrence to whom Arab countries of the Middle East owe an incalculable debt...
...Clyde J. Fitzpatrick, 47, operating vice president of the Illinois Central Railroad, was asked to become president of the Chicago & North Western, succeeding Paul E. Feucht (TIME, Feb. 20). A tough, self-educated railroader, Fitzpatrick has spent his entire career with the Illinois Central, which he joined as a telegraph operator at the age of 16, moved up until he became the youngest (45) vice president in Illinois Central history...
...Iquitos, Peru's chief Amazon River port, was sleeping under a velvet equatorial sky when military boots first began to scrape along the streets. Tough little soldiers in suntans deployed briskly. In less than an hour, without firing a shot, they occupied the city's radio stations, telegraph office, and the big, grey prefectura building, Capitol of the jungled, Arizona-size department of Loreto...