once a connection was established, there was simply a direct 'wired' connection between electromagnetic devices at both ends, thereby not really offering any opportunity for 'handshaking' in the normal sense.
Telex used +80 and - 80 volts in the loop +80 as a space and -80 as mark ( IIRC) and a Carpentor polarised relay was used to regenerate the signal at the receiving end to drive the punch solenoids
Telex connections... If the connection was direct machine to machine then the transmitting station could monitor the current in the loop to verify that the connection was still good but there was no handshake on standard telex equipment. This did not work when the circuit went through a repeater / regenerator at the telex exchange(s) along the routing of the connection.
There were devices which could be added into the loop to create a check sum on the data received which could then be sent manually back to the transmitter as a "message". The operator there checked if it matched his check sum and if it did he sent a confirmation message. As I recalll these were not approved by the GPO