The Penn's Grove record., 1919-08-01

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eighteen months unrolled it before us.
Do you wonder that A. Mitchell Palmer
and all those who fought under him
were shocked beyond measure, and
could not rest until Congress had
amended the Act and had given US the
power under which we have rooted out
each and every branch of that system
and sold it into the hands of patriotic
Americans?
But that was not enough. Germany
had misused our patent system, just as
she had misused and violated our Sher-
man Law, u antidumping laws,
our antibribeTy acts, our business code,
and our common code of honesty.
She had taken out patents for all her
developments, covering, in many in
stances, not only the processes, to pre-
vent manufacture here, but also the
product, to prevent our taking advan-
tage of any possible development in
the dye industry of other countries
$500 of these patents which applied
to chemistry Mr.. Palmer has sold for
the benefit of American industries to
a quasi-trustee corporation, called the
Chemical Foundation. This company
is capitalized for $500,000, 100000
being for six per cent preferred stock
and 100000 common stock, also linn
tied to dividends of six per cent.
The stock has all been underwritten
by members of the Dye Institute, each
and all taking their share, and is now
in process of distribution through the
dye producers and, eventually, through
the customers. 1t is the intention that
ultimately no n will W more than
a thousand dollars worth of stock,
eight hundred preferred and two hun
bred common.
All license fees accruing to the
Foundation will be used first to pay
back the preferred stock. All surplus
then above the six per cent actually
velopment of the research and the en-
couragement of the chemical industry
of America.
It's executives serve with enthusiasm
and without pay. All its stock is
trusted for a period of seventeen
years. Its management and its poll
cies are controlled by a Board of Trus-
tees, consisting of Otto Barnard, Pres
ident of the New York Trust Company,
Chairman; Cleveland H. Dodge, George
L. Ingram, late Presiding Justice of
the Appellate Division of the New
York Supreme Court; Ralph Stone,
President of the Detroit Trust Com
pany, and Benjamin Griswold, of
Brown and Son, Baltimore. These
gentlemen have been serving as the
Advisory Sales Committee of the
Alien Property Custodian for over a
year. They represent the highest
standard of American patriotism and
disinterestedness. Long lives of man
Tested ability, long lives of unselfsh
service to their country, guarantee the
character of the Chemical Foundation.
Its counsel is Joseph H. Choate, who,
as a dollar-a-year man, has given
eighteen months of t~ireless and eff
cient service in the exclusive study of
the chemical situation. It's patent
counsel is the fighting Ramsay Hoguet.
The Foundation proposes to license
to any competent, equipped and patri-
otto American, individual, firm or cor
poration such of these patents as, with
the help and encouragement of the
Foundation, may be utilized. This
Foundation proposes to begin to fight
at the customs gate against any vlo-
lation of the patents now owned by it,
whether they appear as denationalized
or camoufiaged products seeking to
enter through neutral sources. 1t pro-
poses to establish an Intelligence De-
partment which will coordinate, pre-
serve and utilize all the chemical in
formation gathered by every depart
ment of the Government during the
war, and make that information avail
able to the American public that they
may know the exact truth as to the
past, and may be kept apprised of all
German activity, either through it's
own agents or its American connec-
tions, during every stage in the coming
struggle.
1t proposes to match with watchful-
ness and pitiless publicity all future
attempts at espionage OF propaganda
in our land. 1t proposes to expose all
unfounded criticism directed against
our productions, and On the other hand,
to do what it can to prevent producers
or dealers here causing reflection upon
our industry by the marketing of in
ferior or dishonesty described pro-
ducts.
1t proposes to encourage and foster
chemical research by cooperation with
the forces already at work; by offering
some hope of protection and reward
to the loyal research men in the United
States Government Service, who now
by Department rule have to dedicate
their inventions to the public, a course
which results only in Germany trans
ferring these inventions to her own
laboratory system for development or
exploitation.
1t proposes to bring about a closer
union of the university and the fac
tory. 1t has taken over all German
copyrights, and will thus free much
scientific literature from the shackles
of the German language. 1t proposes
to place all possible information on
our situation before Congress, and ask
the passage of a law establishing a
license system governing all chemical
importations for a period of ten years.
1t is intended that the license system
shall act at one and the same time as
a guarantee to you and all other de-
pendent industries for proper importa-
lions to enable you to meet the COM
petition of other lands, and to protect
and guard our growing chemical in