Business & Finance: Cable Rates

The following message might have been cabled, last week, from the U. S to England.

OCDIVCUKIT MUTLUOLAMI PANCAKE

Decoded, it would have read: "Have received no letter from you since June 3rd. Are you all right? Please reply by telegraph. Pancake." The recipient of the cable would have recognized the mysterious Pancake as Carl O. Pancake, assistant secretary of the Guaranty Trust Co., technical delegate to the approaching International Telegraph Conference at Brussels.

In the Manhattan offices of the Guaranty Trust Co., last week, Delegate Pancake conferred with fellow delegates, viewed with alarm a proposed change in cable rates. Up for discussion at Brussels...

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