47 CARR: Right. And the other thing is that isn't any well-run, large, diversified corporation, an international corporation, I mean, create that sort of, elevate it to a, almost a sort of doctrine, maybe I'm taking your speeches too literally... JONES: No. CARR: ...it just seems, I'm not belittling the effort, but hasn't GE always done that? (Over talk) JONES: Yeah, all right. Let me talk to that. It's a matter of emphasis more than anything else. The General Electric Company, the present corporate structure of the General Electric Company was incorporated in 1892 and almost immediately after the incorporation, the General Electric Company established relationships around the world. Those relationships were diminished and altered very substantially in the 1920's when the Government felt that General Electric had such a substantial stake in the electrical industry around the world that it, perhaps, would be overly influential and our international activities were restructured, starting from a smaller base, began to grow again in an entirely different mode right up until World War II and then, as a result of World War II, we again suffered very substantial