Word: telegraphs
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...hence U.S. foreign policy-would be in a state of drift from now until election time, and that the U.S. had already suffered a fall in prestige. French diplomats talked of "flottement" (vacillation) and the British of "vacuum." The politest way of expressing this was the London Daily Telegraph's feeling that Ike was a "consolidator," while Kennedy or Nixon would be "innovators." Under either Kennedy or Nixon, one ingredient of the Western alliance would soon be missing: the so-I-told-Winston and remember-back-in-Africa camaraderie that has linked Ike with De Gaulle and Macmillan...
...word that a gilded aluminum eagle, its outspread wings spanning 35 ft., was to be perched atop the new five-story U.S. embassy in ever-so-British Grosvenor Square, Londoners were all argument and bird calls of their own. "Blatant monstrosity," cried an M.P. Echoed London's Daily Telegraph: "An element of vulgarity." But by last week, when the fierce Yankee bird was hoisted into place, most of the locals allowed that they would probably learn to live with it, though they may still prefer pigeons. A few were even inclined to agree with the embassy's renowned...
...death of Joseph R. Farrington, son of the paper's founder and longtime Hawaii delegate to the U.S. Congress, generated a court fight for control between Farrington's widow Betty and his sister, wife of General Edmond H. Leavey (ret.), ex-president of the International Telephone & Telegraph Corp. Betty Farrington won a 2-1 majority, but lost the services of her editor and friend. In appointing Editor Allen as a trustee of the Farrington estate, the court stipulated that Allen would have to give up all participation in the newspaper's editorial affairs. He chose...
There are other reasons besides wages for going abroad. The International Telephone & Telegraph Corp., which announced last week that it may soon resume sales of foreign-made consumer equipment (radios, appliances, etc.) in the U.S., is already bringing in automatic post-office equipment made by its Belgian and German subsidiaries. Reason: I.T. & T. says that the equipment is technically superior to any available in the U.S. Manhattan's Lafayette Brass Manufacturing
...survey of first-quarter portfolio changes by 42 leading investment companies. Wall Street's E. F. Hutton & Co. reported that some built up cash and bond holdings, while an equal number took the opposite position, bought heavily in common stocks. There was big buying in American Telephone & Telegraph, International Business Machines, Arkansas Louisiana Gas, Tampa Electric, and Babcock & Wilcox. Selling was heavy in such drug stocks as Chas, Pfizer, Merck, and Parke, Davis, following the unfavorable publicity of the Kefauver hearings...