Aims and Purposes of the Chemical Foundation, Incorporated: And the Reasons for Its Organization

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De Vinne Press, 1919 - 70 páginas
 

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Página 14 - Bayer alone accumulated in the neighborhood of 1,200 such patents which were placed in the hands of one of its subsidiary companies. The Badische had approximately 500 such patents, while each of the other members of the cartel held patents by the score. As there was substantially no effort (with small exceptions) by any of the German concerns to manufacture in the United States, these patents were obviously obtained and held in order to prevent the formation of an American dye industry and to make...
Página 48 - ... product patent is entirely applicable. The idea was accordingly conceived that if the German chemical patents could be placed in the hands of any American institution strong enough to protect them, a real obstacle might be opposed to German importation after the war, and at the same time the American industry might be freed from the prohibition enforced by the patents against the manufacture of the most valuable dyestuffs. Accordingly, these considerations were laid before various associations...
Página 67 - Association, and other gentlemen engaged in various branches of the chemical industries, to buy from the Alien Property Custodian and hold for the chemical industries and for the country at large, the...
Página 55 - Although no arrangement had been made to mobilize them at the outbreak of hostilities, they were rapidly converted to war purposes, thanks to their highly trained personnel and the great technical resources of their peace organization. In the future it is clear that every chemical factory must be regarded as a potential arsenal, and other nations cannot therefore submit to the domination of certain sections of chemical industry which Germany exercised before the war.
Página 40 - ... very large sums out of the earnings of the New York house were transmitted to the German house when there was no possible obligation to do so, and that this was done by the personal direction of Mr. Kuttroff without consultation with the directors or stockholders. For example: During the years 1915 and 1916 the sum of $701,944.34 was credited on the books of the German house and subsequently remitted under the head of indanthrene royalties. The company had been selling for the German house for...
Página 40 - ... these large sums to be taken out of the hands of the ostensible stockholders and put in those of the real owners of the company. Finally, in the case of the goods received by the submarine Deutschland, the same process was carried on. These goods when originally received were entered on the books like all other shipments of the German house on a sales basis; that is to say, they were treated as the property of the New York house, and the German house was credited with the price, approximately...
Página 7 - In a large dyestuff factory there is an unavoidable production of considerable quantities of substances which are directly available for conversion into explosives. A still more striking example is that of paramononitrotoluol. This in an intermediate necessarily made in quantities often beyond the needs of the dye makers. To the end of the last century many thousand tons of this substance had accumulated in the German dye works, which were making frantic efforts to find uses for it in dye making....
Página 54 - With regard to dyes, I got into touch with local experts in order to determine what truth there is in the news. According to my knowledge of things, the matter is a fake inasmuch as our factories have bound themselves orally and by word of honor to do nothing in the present situation which might help the United States.
Página 39 - Co. was decreased the sums paid out went not to the ostensible stockholders but to the German house. Finally it appeared that on three separate classes of transaction very large sums out of the earnings of the New York house were transmitted to the German house when there was no possible obligation to do so, and that this was done by the personal direction of Mr. Kuttroff without consultation with the directors or stockholders. For example: During the years 1915 and 1916 the sum of $701,944.34 was...
Página 48 - ... Ralph Stone (president, Detroit Trust Co.), and the charter is so framed that under the patents non-exclusive licenses only can be granted on equal terms to all proper applicants, and must be granted to the United States free of cost. The company is capitalized at $500,000, of which $400,000 is to be 6 per cent cumulative preferred stock and $100,000 common stock, also limited to 6 per cent dividends. The first president of the Chemical Foundation (Inc.) will be Francis P.

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