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5/13/38
Loyd A. Briggs, European Communications Manager of RCAC, who came to the United States especially to testify at the Senate hearing, said among other things;
"It seems evident to me that the only result possible and inevitable from forcing competition between American com¬ panies in dealing with a single foreign agency must be that the American companies in their competition will be compelled in self preservation to give way financially and strategically to the demands of the foreign administration, not only to the point of operating unprofitably but even beyond that to the point of operating such circuits at an actual loss.
"Such forced competition benefits only the foreigner, it brings no advantages to the American user, it weakens the American companies individually and collectively, not only financially but also in their independence of foreign domination, and it impairs their ability to act in accordance with American policy and in the public interests of the United States."
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MACKAX HOLDS WHEELER BILL IS URGENT
The Mackay Radio and Telegraph Company told the Senate Interstate Commerce Committee this week that immediate legis¬ lation was necessary to prevent the concern from being eliminated as a competitor in the foreign radio communications field.
Howard L. Kern, general counsel for Mackay, testifying at hearings on the Wheeler Bill, urged enactment of legislation which would declare competition in foreign radio communication to be "in the public interest. "
He said R, C. A. Communications, Inc., held a "monopol¬ istic position" in the foreign communications field which Mackay could not invade without a direction from Congress to the Federal Communications Commission.
XXXXXXXXX RALEY’S SALARY AND BONUS #190,196
William 3. Raley drew salary and bonus of #190,196 as President of the Columbia Broadcasting System in 1937, a Columbia report to the Securities Exchange Commission disclosed this week. Included in the sum was a bonus of #149,295.
Edward Klauber, Vice-President, drew a.ggregate remun¬ eration of #80,540, including a bonus of #39,840.
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