Greene County herald. (Leakesville, Miss.) 1898-current, 1922-09-15

with the President February Y, 1919,
and by him forwarded to the Congress.
ard by that Congress made public
document and most widely commented
on by the press of the country"
PaImer's version Of II
Mr.. Palmer stoted In the course of
the report referred to by Mr.. Garyan:
These patents. as had already been
Indicated. formed colossal obstacle 10
| 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 It seemed that
these patents offered 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 II the Ger
man chemical patents could be placed
In the hands of any American institu-
tion strong enough to protect them.
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
Foundation Unc.), in which practically
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 Garyan of the New
York bar, to whose clear vision and in
defatigable industry | 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-Pubic Idea
Mr.. Caravan goes on to state that at
that time he was dollar year man,
| with no expectation whatever of be-
| II was only when Attorney-G General
Gregory resigned and Palmer was APP
pointed attorney general 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
| represent as nearly as possible at that
| 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
neasly 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 IL there had been any
method by which we could make them
| a working force and still have them
| owned and controlled by the govern
ment, it would have relieved us of
great deal of responsibility, and If
| there Is at this time any suggestion for
modification or amendment of our plan
which will insure in the minds of the
| committee a more definite and certain
| fulhllment of the intention and pur-
poses of our organization | am certain
] that the Chemical Foundation and all
| Its stockholders and all who are inter
ested in 1t would be glad to conform
to the wishes of the committee. be-
cause, in so far as we have public rec
ognition and public support and gov
eminent recognition and government
| support, we become more efficient and
| L. oIzl Al,
tentions which are In our hearts and
| minds"
Mr. Caravan states that the total or
| gross income of the Foundation has
averaged $143,216.6 per year. The run
ming expenses, bare overhead, have
averaged $121. 971.35, net excess of
| $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 121S
per cent of the s271,850 cash paid for
| the patents, or S33,9S1 per year.
should be subtracted from the appar-
ent net receipts per year, which leaves
| an actual annual operation deficit Of
| $12, 1850. In educational work, Mr..
Garvan informs the President, the
Foundation has spent $264,017.S5, the
entire balance of its capital.
Quotes English Prediction
Firmly maintaining that the Founda-
tion 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. health
and safety of the American people, and
! quotes from a recent open letter to
| parliament written by James Morton.
largest carpet manufacturer Of Eng
land, "Organlc chemistry is the key to
| the world of new values and that
America in five years time will have
/ dye works and general chemical works
equal to Germany.
AS regards the development of or
| ganic chemistry for national defense,
| Mr.. Caravan calls to his aid testimony
by Marshal Foch and the late Field
Marshal Sir Henry Wilson to the gem
/ eral conclusion that nation thorough