The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1922-08-04

the report Of A. Mitchell Palmer, filed
with the President February 20, 1919.
and by him forwarded to the Congress,
and by that Congress made public
document and most widely commented
on by the press Of the country"
Palmer's Version Of Il
Mr.. Palmer sisted in the course OF
the report referred to by Mr.. Garvan:
These patents, as had already been
indicated, formed a colossal obstacle to
the development of the American dye
stun 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 1t seemed that
these patents offered a possible solu-
ton for the problem, hitherto unsolv-
able, Of protecting the new American
dye industry against German competi-
ton after the war The idea was
accordingly conceived that If the Ger
man chemical patents could be placed
in the hands Of any American institu-
ton strong enough to protect them, q
real obstacle might be opposed to Ger
man importation after the war, and at
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 instan-
taneous and enthusiastic approval, and
as a result corporation has been or
ganized to be known as the Chemical
,fnh ut n
every important manufacturer will be
a stakeholder, the purpose Of which Is
to acquire by purchase these German
patents and to hold them as trustee
for American industry. -. The first
| president OF the Chemical Foundation
| will be Francis p. Caravan Of the New
York bar, to whose clear vision and in
defatigable industry 1 am chiefly in
| debted for the working out Of this plan.
| The combination was not objection
| able to public policy, since 1t was so
organized that any genuine American
whether a stakeholder of the com
| pany or not, could secure the benefits
| Of the patents on fair and equal terms"
A Quasi-PubIIc Idea
Mr.. Garvan goes on to state that at
that time he was a dollar year man,
with no expectation whatever of be-
coming alien property custodian; that
| 1t was only when Attorney General
| Gregory resigned and Palmer was ap-
| 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 to
| ri of a
time the public interests. Judge In
graham of New York and Judge Gray
of Delaware had charge Of drawing
our charter and our trust agreement
and our certificate Of Incorporation.
We have endeavored to make 1t as
nearly a public institution as our laws
allow, and at the same time to have
| 1t an official organization. We wanted
to sell these patents to the govern
ment, and If there had been any
J method by which we could make them
working force and still have them
owned and controlled by the govern
ment, 1t would have relieved US of q
great deal of responsibility, and II
there is at this time any suggestion for
modification or amendment of our plan
which. will insure in the minds of the
committee more definite and certain
fulflllment of the intention and pur-
poses Of our organization l am certain
that the Chemical Foundation and all
its stockholders and all who are inter
ested in it would be glad to conform
to the wishes of the committee, be-
cause, in so far as we have public rec
ignition and public support and gov
eminent recognition and government
support, we become more efficient and
| hacnmn ohio IN tho ".
tentions which are in our hearts and
minds"
Mr.. Garvan states that the total or
gross income of the Foundation has
averaged $143.216.65 per year. The run.
ming expenses, bare overhead, have
averaged $121 ,971.35, a net excess ot
$21 ,245.30 or .049 per cent on the $42S,-
900 invested, allowing nothing for de-
probation. The average life of the
patents Is eight years, SO that I'm
per cent Of the $271 $50 cash paid fol
the patents, or $33.9e1 per year
should be subtracted from the appar
ent net receipts per year, which leaves
an actual annual operation deficit OF
$12,73570. In educational work, Mr.
Garvan informs the President, thu
Foundation has spent 1864 O17.85, tht
entire balance OF its capital.
Quotes English Prediction
Firmly maintaining that the Founda
ton is the keystone Of the wall RAISED
: to protect the American people from
German chemical domination, Mr.. Gar
van maintains such protection is indis
pensable to the future happiness, healtl
and safety of the American people, an(
| quotes from a recent open letter t.
parliament written by James Morton
largest carpet manufacturer Of Eng
t land, "Organic chemistry is the key t,
: the world of new values and tina
t America in five years time will hav,
dye works and general chemical work
] equal to Germany.
t AS regards the development OF or
! ganic chemistry for national defense
| Mr.. Caravan calls to his aid testimon,
: by Marshal Foch and the late Fiel'
S Marshal Sir Henry Wilson to the gen
e eral conclusion that a nation thorough
: ly equipped chemically may almos
: guarantee the peace Of the future An,
J., as regards its Importance in the dc
n | valonmpnf nf medicine no nuotos Prot