Word: telegraphers
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Dates: during 1950-1950
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...envoy of another sort. Quiet, retiring, 65-year-old Walter Sherman Gifford, a Yankee Republican, began his career as a $10-a-week clerk in Western Electric, by a knack for figures and a passion for efficiency, rose to the eminence of chairman of the board of American Telephone & Telegraph, from which he retired last December. His appointment underlined two facts: in some quarters, diplomacy is less politics than big business; Mr. Truman once again had rejected a political appointment for one that would add prestige to his Administration. Baltimore Banker James Bruce, ex-Ambassador to Argentina...
...certainties in Wall Street's uncertain world is that American Telephone & Telegraph Co., the "widows' & orphans' stock," will always pay its $9 yearly dividend. A.T.&T., which has not missed a dividend in 50 years, has been paying $9 since 1922 when the rate was upped from $8.50. But last week Wall Street's faith in "Telephone" trembled for a moment. When A.T.&T.'s President Leroy A. Wilson asked his stockholders to okay a 10,000,000-share increase in stock (to 45,000,000 shares), traders began to wonder if Telephone could...
...year old retired president and chairman of the board of the American Telephone and Telegraph Company will bring to the London post a broad background in economic and financial affairs. The new appointment is also expected to give a strong boost to the Administration's efforts to keep foreign policy bi-partisan, since Gifford is a Republican...
Into the top operational job of expediting U.S. war production this week moved big, genial William Henry Harrison, 58, president of International Telephone & Telegraph Corp. As boss of the newly created National Production Authority, Harrison* has the massive job of determining, through priorities and allocations, who shall get what and how much of strategic and scarce materials, and what cuts shall be made in civilian production...
...which controls telephone & telegraph companies operating outside the U.S., is no kin to A.T. & T., whose operations are confined...