Business & Finance: Communications

The great U. S. communication systems are: 1) American Telephone & Telegraph Co. (telephones); 2) International Telephone & Telegraph Co. (telegraph, cable, wireless, foreign telephone); 3) Western Union Telegraph Co. (telegraph, cable); 4) Radio Corporation of America (wireless telegraph, radio telephone). The four corporations are separate utilities and compete against each other for the U. S. communication business.

Their lust for business last week befuddled the much badgered Federal Radio Commission. Two of the companies—the I. T. & T. (through its subsidiary Mackay Radio & Telegraph Co.) and R. C. A. demanded the right to set up wireless telegraph stations and sell...

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