The Washington times., 1912-09-03
DR.. WILEY OBJECTS
TO USE OF NAME
AS A DIRECTOR
Resigns From Company
When He Finds Himself
/. on Dummy" Board.

The next time a promoter uses the
name of DR.. II. w. Wiley as "t'l,n-
my" director he may think twice be-
fore acting; the Universal Chemical
Company, a $20,000,0O0 corporal ton
organized In Delaware to sell a SOL
uble phosphate fertilizer, Is short one
director today, DR.. Harvey w. Wiley
having written to the men in charge
OF the new corporation that he wishes
to have nothing further to do with it.
Some gentlemen from Chattanooga
called on me about a month ago and
told me of their plan," said DR.. Wiley
today. They said that they would
like to have me associated with them.
got all the papers and other infor-
nation regarding their patent, OBJ
tanned the analytical work of their
expert and hired an expert of my
own to investigate the proposition.
The reports were uniform; the fer
tilizer they proposed to sell was sat-
isfactory.
~. Made Strong Conditions.
Il then told them that l would go
In providing three conditions were
fulflled; that the company have sound
hnancial backing, that all Of the stock
and bonds be subscribed before 7 en-
tered as I did not propose to have my
name used as part of a stock sell
ing plan, and that / should have en-
tire charge of the chemical work and
that any statements made regarding
the product have my approval before
being used.
did not care to have anything to
DO with the business end of It and IL
had gone into the company my finan-
clal interest would have been small,
When my attention was called to the
fact that my name appeared in connec-
uon with the company 1 said that I
knew nothing about 1t. A few days
iater l saw newspaper paragraph in
which my name appeared as that OF a
director. Immediately wrote to the
men who had talked of the matter to
me. In reply they said that the articles
or Incorporation had to be filed before
September and that the names of the
directors were dummies
. Ihis morning / have written that If
That is the way they do business l wish
TO nave nothing further to do with the
matter.
Il was interested because the soluble
phosphate fertilizer which they were to
make and sell promised to help the
FARMER. / am a farmer myself II
can do anything to help farmers I want
Out OF his Class.
DR.. Wiley said that a $4,000 900 cor
poration was little out OF his class.
I'm not a millionaire. NY connection
with this institution puts me in the
position Of the darky who was asked to
change a $40 bill.
All can't change 1t, sub, but Ah'm
pow'ful 'bliged fo the compliment I"
The company proposes to make Its
fertilizer from ordinary phosphate
rock OF which there are billions of tons
In the United States, but by a process
of manufacture different from that or
dinarily used sulphuric acid is elm
mated
Phosphate rock treated with sulphuric
acid is both difficult to handle and adds
to the aciditv of soils already containing
too much acid The new process pro-
of heat.
II cannot see that a monopoly can be
obtained" said DIR. Wiley, "as practic-
ally the same process is patented in a
dozen different countries"
The charter for the Universal Chem
Icai company was obtained by the
United States Corporation at the in
stance of Steele & Otis, Of New York,
attorneys for the promoters.