Word: telegraphs
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...Romnes, Chairman, American Telephone & Telegraph...
...most famous multibillion-dollar companies is harassed by a ten-cent problem. Too many of American Telephone & Telegraph Co.'s pay phones are out of commission, having been pulled, kicked or picked apart by vandals and thieves. Last year A.T. & T. lost $3,000,000 to them and spent another $10 million repairing and replacing many of its 1,200,000 pay phones. That amounted to less than one-tenth of 1% of Mother Bell's revenues. The far greater cost is the incalculable loss of esteem in the eyes of people who wonder why they cannot make...
...about 71% over the past year. A man who got a 25-year, $20,000 FHA mortage a year ago would have to make monthly payments of $135; if he signed a similar mortgage now, he would commonly have to pay $144. Last week a subsidiary of American Telephone & Telegraph issued a Triple-A bond with a 7% interest rate, but found few takers even at that rich yield. New York City has chosen to postpone some bond offerings altogether rather than pay so much for money. The nation's banks are expected to increase their loans by only...
...neighbors. We know them only slightly, and we don't bother them." Key Biscayners are used to notables. Among residents are Sportscaster Red Barber, Aircraft Pioneer Grover Loening, N.Y. Yankee Official Larry MacPhail, Samuel C. Johnson, president of Johnson's Wax, Jack Paar and International Telephone and Telegraph President Harold S. Geneen. No longer on the scene is Candy Mossier, acquitted in 1966 of the murder of her wealthy husband Jacques. For the most part, residents seem quietly pleased that Nixon has joined their group, but there are a few minority opinions. Told of the Nixon purchases...
...billion. Machinery manufacturing has achieved an annual growth rate of 6%, reaching $2.4 billion in sales in 1967. Many large U.S. companies have firm roots in the Stuttgart area. IBM-Germany is now Baden-Württemberg's third-largest enterprise, after Daimler-Benz and Bosch. International Telephone & Telegraph Corp. owns Standard Elektrik Lorenz electronics company, the state's fifth-largest firm. Litton Industries, Ampex, Perkin-Elmer, Hewlett-Packard, Bendix Corp. and Hughes International are represented through their German subsidiaries...