COMPANY BANKRUPT.
COMMUNICATIONS BUSINESS. i '■■'■■ i "■'' ': " -■ •' WESTERN UNION'S ONLY RIVAL. United Presß Association— Copyright) NEW YORK, June 15. The Postal, Telegraph and Cable Corporation has gone into voluntary liquidation, and has requested the Court for authority to reorganise the company under the Federal > Bankruptcy Act. It claimed inability to meet 1,270,000 dollars' interest due on bonds on July 1. Assets are listed at 126,000,000 dollars, with an operating deficit in 1984 of 1,590,000 dollars. This corporation shares with the Western Union practically all communications business in America, in addition to operating aai extensive international cable system.
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Bibliographic details
Ashburton Guardian, Volume 55, Issue 209, 17 June 1935, Page 5
Word Count
96COMPANY BANKRUPT. Ashburton Guardian, Volume 55, Issue 209, 17 June 1935, Page 5
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