Marconi Wireless Telegraph Company of America government officials balked at returning the American Marconi stations to the original owners, distrusting British control of radio communication due to national security concerns. Lead by the U.S. Navy, the government pressured the Marconi companies to transfer American Marconi to a U.S. owner. The American Marconi assets were purchased by General Electric in 1919, which provided the foundation for creating its new subsidiary, the Radio Corporation of America. On July 20, 1897, the Wireless Telegraph and Signal Company, Limited, was founded in London to promote the radio inventions of Guglielmo Marconi. (The company's name was changed to Marconi's Wireless Telegraph
Marconi Wireless Telegraph Company of America of United Wireless' tangible assets, which in turn on March 29, 1912 were sold by the parent company to American Marconi. It would later be alleged that this had unfairly benefited some British investors, in what came to be known as the Marconi scandal. The acquisition would prove to be a tremendous boost to American Marconi's fortunes, and the company boasted that "There is now nothing in the way of Marconi becoming the only system of commercial importance in the world." Recently passed laws required U.S. passenger ships to carry radio equipment, and American Marconi's near monopoly allowed it to