Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1922-08-11

matter, but insert here an extract from
the report Of A Mitchell Palmer filed
with The President February %. 1919.
and by him forwards to the Congress-
and by that Congress made n public
document and most widely commented
on by the press OF the country"
Palmer's Version OF II
Mr.. Palmer stated in the course ~
the report referred 10 by Mr.. Caravan !:
These patents. as had already been
Indicated. formed colossal obstacle TO
the development Of the American dye
stuff industry. Evidently they had not
been taken out with any Intention Of
manufacturing in this country or from
any fear OF American manufacture
upon consideration II seemed that
these patents offered possible solu-
tion for the problem, hitherto unsolv-
able. Of protecting the new American
dye industry against German competl-
ton after the war The idea was
accordingly conceived that II the Ger
man chemical patents could be placed
In the hands Of any American institu-
ton strong enough to protect them. a
real obstacle might be opposed TO Ger.
man importation after the war, and NJ
the same time the American industry
might be freed from the prohibition en-
forced by the patents against the man
ufacture OF the most valuable dye
stuffs. Accordingly these considerations
were laid before various associations OF
chemical manufacturers, notably the
Dye Institute and the American Manu-
featuring Chemists Association. The
suggestion was met with an lnstan-
taneous and enthusiastic approval ana
o. fAF nr.
gnnlzed TO be known as the Chemical
Foundation Unc.). in wi ~ rectically
every important manufrctu.og will be
a stakeholder the purpose OF which Is
10 acquire by purchase these German
patents and to hold them as a trustee
for American industry. The first
president OF the Chemical Foundation
will be Francis L. Garyan of the New
York bar, TO whose clear vision and in
defatlgable industry l am chiefly in
debted for the working out of this plan.
The combination wps not objection
able to public policy, since II was so
organized that any genuine American,
whe n stakeholder of the COM
pany or not, could secure the benefits
of the patents on fair and equal terms"
A ouasl-Public Idea
Mr.. Garvan goes on TO state that at
that time he was dollar year man,
with no expectation whatever of be-
coming alien property custodian; that
II was only when Attorney-Gene
Gregory resigned and Palmer was APP
pointed Encouragement that Palmer
asked him to take the custodian's
place. Three months later, he writes,
he testified before the Ways and Means
Committee of the house THE founda-
ton of the Chemical Foundation was
an effort to form an organization 10
represent as nearly as possible at that
time the public interests. Judge In
graham Of New York end Judge Gray
Of Delaware had charge Of drawing
our charter and our trust agreement
and our certificate Of Incorporation.
We have endeavored 10 make Il as
nearly public institution as our laws
allow. and at the same time to have
L an official organization. We wanted
TO sell these patents TO the govern
ment, and IL there lad been any
method by wAich we could make them
? working force and still have them
owned and con.rolled by the govern
ment, II would have relieved US ~ Il
great deal OF respor sibil,ty, and IL
there Is at this time any suggestion for
or amendment of our pan
which VIII Insure IN the minds OF the
more definite and certain
of the intention and pur-
poses ~ our organization am certain
hat the Chemical Foundation and all
It's stockholders ana all who are inter-
nsted In II would be glad to conform
10 the wishes of the committee. be-
cause, In so far MS we have public rec
ignition and public support and gov
eminent recognition and government
support, we become more efficient and
become more able 10 carry out the In
tentions which are in our hearts and
minds"
Mr., Caravan states that the total or
gross income of the Foundation has
averaged $l43,21665 per year. The run !
hing expenses, bare overhead, have !
averaged Sl21 ,971.35, a net excess Of /
S2l ,245,30 or .0i9 per cent on the S42S.- |
100 invested. allowing nothing for de- |
probation. The average life OF the |
patents Is eight years, so that 12Ih |
ler cent OF the $27l $50 cash paid for
he patents. or S33,9S1 per year,
should be subtracted from the appar-
mt net receipts per year, which leaves
IN actual annual operation deficit Of |
2,73570, In educational work, Mr..
iarvnn informs the President, the
has spent S26i,017.S5, the
,ntire balance of its capital.
Quotes English Prediction
Firmly maintaining that the Founda-
ion Is the keystone of the wall raised
o protect the American people from
German chemical domination, Mr.. Gar
IAN maintains such protection is indls-
'ensable TO the future happiness, health
md safety of the American people, and
quotes from a recent open letter 10
parliament written by James Morton.
argest carpet manufacturer of Eng
and, Organic chemistry is the key TO
he world OF new values and that
America in five years time will have
I've works and general chemical works
'qual 10 Germany.
As regards the development Of or
,anic chemistry for national defense,
dr. Caravan calls 10 his aid testimony /
~ Marshal Foch and the late Field II
Marshal Sir Henry Wilson 10 the gen
raj conclusion that a nation thorough.
y equipped chemically may almost
guarantee the peace OF the future. And II
Is regards It's Importance In the de. n
'elopment OF medicine he quotes Prof. II
Julius StiglltZ Of the University OF
world famous chemist:
THE pltifu calls of our hospitals for
ocal anaesthetics 10 alleviate suffering
m the operating table, the frantic ap. I.
reals for the hypnotic that soothes the
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