We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.
Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.
5/13/38
Wilmington, November 21, 1932, they found it necessary to cancel this agreement. But there is no indication that the 2,000,000 shares of stock issued in consideration of this supposed valuable agreement has ever been returned to RCA for their stockholders. ”
XXXXXXXXX
WHEELER BILL WOULD DESTROY RCAC, SAYS MANAOER
Enactment into law of the Wheeler Bill to require the Federal Communications Commission to foster competition in foreign radio communications as a national policy would cause the eventual destruction of the R. C.A, Communications, Inc.,
W. A. Winterbottom, Vice-President and General Manager, told the Senate Interstate Commerce Committee this week.
"If you pass this bill”, he said, ”you blaze a new trail which will inevitably lead to the destmction of the RCAC service. ”
Mr. Winterbottom outlined at some length the history of the row between RCA and the Mackay Radio & Telegraph Company over foreign communications permits.
•’Remember that R. C.A. Communications is a small company as compared Y/ith either the International System or the Western Union*^, he said, “and that it is exclusively a radio company. Remember, too, that we serve only 12 cities in the United States, and that we are dependent upon the landline systems of our com¬ petitors, to pick up and deliver our messages at all other points.
"RCAC is solely a radio company and is neither con¬ trolled nor dominated by the vjire line or cable companies, of which it is a natural competitor. Neither directly nor in¬ directly does it have any directors in common with Western Union, with the American Telephone & Telegraph Company, or v/ith any of the International System companies. Nor, is there any joint stock ownership.
"RCA has pioneered and struggled for tv/enty years to establish an independent system of radio telegraph communication competing with the entrenched cable companies so that the people of the United States might enjoy the advantages of cheaper com¬ munication with the rest of the world. It now operates to some 45 foreign capitals and thence to all other cities in the world. There is no place where RCA service does not now reach directly or indirectly. We ree.ch directly but few points in the United States and usually but a single point in any foreign country but our services are not inefficient by reason of the fa.ct that they are for the most pa.rt indirect. "
5