UTILITIES: Telefonica Restored

Favorite target of General Franco's Rebel gunners in the Spanish civil war was Telefonica, International Telephone & Telegraph Corp.'s 17-story skyscraper, tallest building in Madrid. Bruised but unbowed by some 186 shells which struck it during the two-and-a-half-year siege, the big steel and reinforced concrete structure served as a home for I. T. & T.'s skeleton staff and their families, occasionally as a bomb shelter for harassed Loyalists. Even heavy bombardments failed to faze its automatic dial system.

At war's end I. T. & T. spent $220,000 to repair Telefonica and got...

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