What the Mackay Companies (Postal Telegraph, Commercial Cable, Radio Communications, etc.) would do about the bigger and better transpacific cable projected by the Western Union Telegraph Co. (TIME, Aug. 15, 22) developed last week.
Mackay Companies, through its subsidiary Radio Communication Co. Inc., bought the land and marine radio telegraph system of the
Federal Telegraph Co.* Stations are in California, Oregon and Washington; messages go from point to point on land, from land to ships. Federal Telegraph's profit on the transaction was $1,000,000, said President Ellery W. Stone of Federal Brandes, Inc., a related...
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