Business & Finance: Fused, Honored

Away from London, last week, sped heads of every important communications system in the British Empire. They were well pleased with themselves, for they had just agreed that, with the consent of the Dominion and Imperial Parliaments, they would merge all their services into a single, gigantic corporation. And they had guarded against internal wars between radio and cable factions. They had asked the government to keep the balance of power.

The U. S., with three independent, competing systems, was not so well pleased. International Tel. and Tel. merged, this spring, with the telegraph and cable companies of Clarence Hungerford Mackay. But...

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