Depression teaches humility, softens pride. For many years the two great talking machine companies of the world have wanted to merge, time & again they have refused to make minor concessions. But last week Wall Street was glad to hear that the long-rumored deal had come to pass: shortly Columbia and His Master's Voice will belong to one company.
His Master's Voice is the voice of Radio Corp. of America, which in 1929 bought Victor Talking Machine Co. Victor Talking controls big Gramophone Co., Ltd. of England, a world-wide...