Word: telegraphers
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Dates: during 1950-1950
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...companion named "Dutch Charley" Burris bushwhacked two of them, killed them, and also stole their horses-about as low a crime as a man could commit. Dutch Charley was lynched almost as soon as he was caught; Big Nose George managed to survive until that night on the telegraph pole...
...weeks, word was whispered around Wall Street that Western Union Telegraph Co. common was a good buy, although the company had not made a profit for two years. Wall Streeters snapped up the stock so eagerly that it rose to 28, a 33% advance since the first of the year. Last week, the good news came out: although Western Union's operating revenues were off almost 5% to $42.3 million, the company had a net profit of $236,766 for 1950's first quarter v. a $2,550,878 loss for the quarter...
...chief reason for these chipper tidings from the 99-year-old company was a sweeping mechanization program, which has been pushed close to completion by lean, indefatigable President Walter Peter Marshall. Onetime executive vice president of Postal Telegraph, Inc., 49-year-old Walter Marshall went over to Western Union when the two companies were merged in 1943, stepped into the top executive job when President Joseph L. Egan died in December 1948. The company had already started mechanizing but it was Marshall who pushed through an $80 million appropriation to do it fast...
...repeal the stiff 25% excise tax on telegrams. He also thinks that Western Union should have a monopoly on U.S. commercial record communications (i.e., written electronic messages such as telegrams, teletype, etc.). To this end, he is campaigning for Government permission to let Western Union purchase American Telephone & Telegraph Co.'s teletype lines, as well as the $46 million-a-year transoceanic cable business of American Cable & Radio Corp., RCA Communications, Inc. and about a dozen other companies...
...also want to be the U.S. "chosen instrument" for worldwide cable communications. They argue that Western Union should get rid of its cable business, which was a condition to the Postal Telegraph merger. Western Union contends that it needs the overseas revenue, plus a clear field in the U.S. telegram business, before it can be sure of a profitable living in competition with its remaining rivals, the airmail letter and the telephone...