Our Views: ; Immigrants Are Big Business; Western Union has Profited by Sending Money Home

Summary


ARMED with Morse code and the hot technology of the age, Western Union set out in 1851 to build an empire. In 10 years, it linked the United States from coast to coast.

But by 1992, the Internet age had arrived, and telegrams were as relevant as stagecoaches. The company sought protection in bankruptcy court.

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Extract


Our Views: ; Immigrants Are Big Business; Western Union has Profited by Sending Money Home

Western Union emerged from insolvency two years later to focus on its money tran...

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