Word: telegraph
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Dates: during 1920-1929
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External Monopoly: A merger of Radio's wireless, International Telephone & Telegraph's wireless and cable. Western Union's cable. (Radio would sell its wireless to I. T. & T. now if the U. S. radio law did not forbid.) Advantages...
Internal Monopoly: Merger of Western Union and Postal (I. T. & T. subsidiary) into one telegraph company...
John Edward Otterson, president of Electrical Research Products, Inc., a subsidiary of Western Electric, in turn a subsidiary of American Telephone & Telegraph, is the third member of the triumvirate. Twenty million dollars of sound equipment in the 1,200 Fox Theatres was installed by his company. In addition, Western Electric receives royalties on its patents used by Fox, is therefore concerned with the future business of the company...
Next evening the Mob marched to Eastland jail. They dragged Murderer Ratliff from his bunk, stripped him of his clothes, paraded him 200 yards through the main streets to a telegraph pole. A rope jerked Ratliff off the ground, broke, let him down with a thump. Under the code of the Old West, when a lynching rope broke, the victim was freed. Eastland that night did not follow the Old West's code. Fifteen terrible minutes passed before a new grass rope was produced. Up went Ratliff a second time...
...American Telephone & Telegraph estimated its 1930 expenditures for expansion at over $600,000,000. United Gas Improvement Co. placed its expansion at $41,000,000, $6,500,000 more than this year. Total utility construction during 1930 was estimated at about $850,000,000. Thus will utility companies, blamed as the most inflated of all before the break, be almost as big benefactors as the railways...