The Archive · 1930

GREAT U.S. RADIO MERGER

Washington, Apr. 17.

Senator Clarence C. Dill of Wasti= {ington stated to-day that the merger of the radio business of the General Electric Ca, and the Westinghouse Ca, with' Radio Corporationt Jof America will constitute a world, power, radio and electric manufag= turing trust. He pointed out that the Radio Corporation has exclusive contracts with every country excep Russia, 1 He mentioned that Mr. Owen Young had been the moving spirit this, and that only one more st was necessary to attain the desir goal as the greatest (rust, 1

"That step," he continued, "is control of the International Bank."

Sarnoff, head of the Radig ill declared that, Mr. Corporation, had attempted to indi Jeate that President Hoover approved Jof the merger, because the announces ment yesterday closely followed jit by Mr, Sarnoff to the Whitg House. 1

The Senator said, however, that did not believe that President Ho~ ver had endorsed the scheme—United Press,

Text read from the printed page and cleaned; old type leaves the occasional error.

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