The Challis messenger. (Challis, Idaho) 1912-current, 1922-08-09

TO accent my present st"'N''' enn,
matter, but Insert here an extfhcl am am
the report Of A. Mitchell Pal'4er' t iIlWa
with the President February ~, i"ao'
and by him forwarded to the Coh5 .,tI,o
and hv that Congress made publ
document and most widely.comiiheii'eu
nm by the press Of the country
palmer's Version Of 1t :.
Mr. Palmer stated in the course VI
rho report referred to by Mr. GarVah'
ibrhese patents, as had already oeeil
indicated. formed colossal obstacle u
tbe development of the American aye.
stuff Industry. Evidently they had not
been taken out with any INTENTION VI
manufacturing in this country or from
nnv fear of American manufactule
upon consideration it seemed lia'
these patents offered possible so,u'
tion for the problem, hitherto unsola.
able, of protecting the new American
dive Industry against German compet-
tion after the war . The ldea was
accordingly conceived that II the Ger,
man chemical patents could be placeu
In the hands of any American institu' (
ton strong enough to protect tLeiI,
real obstacle might be opposed 10 yer.
man importation after the war; anu ~
the same time the American INDUSTRY
n1icht hi freed from the prohibition en-
forced by the patents against tLe inan'
ufactufe Of the most val1aole ny
stuffs Accordingly these consideratlous
were laid before various ASSOCIATIONS y.
chemical manufacturers, notably the
Dive Institute and the American Manu-
facturIng Chemists Association. Inc
suggestion was met with an lnstah,
tanen!s and enthusiastic approvai, anu
es r. sult a corporation mas Deeh vi,
gan'2al 50 be known as the Chemical
Foundation Unc.), in which practlcatiy
ever Important manufactures VIII oe
a stochholder, the purpose OF which Is
to anr.ire by purchase these German
patents and to hold them as trustee
for American industry. 80. The nrst
president Of the Chemical Foundation
viii lie Francis P, Garvan of the New
YoF, har. to whose clear vision ana IN
firf4lirAhle industry I am chiefly IN
debtAd for the working out OF this plan.
The combination was not objection
able to public policy, since it was 50
orranizcd that any genuine American,
whether a stakeholder Of the COM
nany or not. could secure the benefits
vi lHC lfdtEut9 bIl AttAI anu NtN''A
A Quasi-PubIlc Idea
Mr. Garyau goes on to state that al
that time he was dollar year man,
with no expectation whatever OF be
coming alien property custodian; that
it wns only when Attorney-Genera!
Gregory resigned and Palmer was ap-
n4'rtnd encouragement that Palmer
asked him TO take the custodlans
r!aCe Three months later, he writes,
he testified before the Ways and Means
Committee of the house 1.-The fcuDda
ton Of the Chemical Foundation was
an eHfnrt to form an organization to
represent as nearly as possible at that
time the public interests. Judge In
graham If New York and Judge Gray
ef Delaware had charge Of drawing
our charter and our trust agreement
ard eur certificate Of Incorporation.
We have endeavored to make 1t as
nearly public institution as orr laws
allow md at the same time to have
It an official organization. We wanted
to sell these patents to the govern
ment and if there lad been any
method ~ which we could make them
. worl';ng force and still have them
owned md controlled by the govern
ment T. would have relieved us OF
great deal OF respoT sibilitr, and II
there Is a. this time any suggestion for
molih 9-i0r or amendment of our plan
whict WI insure in the minds of the
committee more definite and certain
fulfllment Of the intention and pur-
poses - our organization am certain
Shat the Chemical Foundation and all
Its stockholders and all who are inter
ested in it would be glad TO conform
70 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 ana
income more able to carry out the In
tentions which are in our hearts and
minds"
Mr. Garvan states that the total or
gross .n"ome of the Foundation has
averaged S143,21665 per year. The run.
rln" o,nenses, bare overhead have
averaged S121,971.35, net excess Of
1870 or .049 per cent on the $42S,.
900 invested, allowing nothing for de
-prec1at'0n The average life of the
patents is eight Years, so That 12ls
"er cen of the S2T1,S50 cash paid fer
The pa"nts. or S33.9St per wear,
should he subtracted from the appar.
mt net receipts per year, which leaves
an actUol annual operation deficit Of
Sl2,733..b. In educational work. NIr
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.
ton is the keystone of the wall raised
TO protect the American people from
German chemical domination, Mr.. Car
van maintains such protection is indis.
pc SaNl7 To the future happiness. health
md Str'y of the American peonIe and
quotes from a recent open le,ser to
parlMT' written by James Morton
iargHS, carpet manufacturer of En-.
land Organic chemistry is the kew To
the world of new values and thot
A"erisN IN five years time will bova
I've works and General chemical wor,, :
nj to Germany
IS reca is the development os or.
! Enn'c = Stry for national defense
! Mr.. Gat e, Us to his aid testimonp
by Marsha och and the late Field
Marshal S. Genry Wilson to the een'
erai conclusion that nation thoronyh.
~ equipped chemically may almost
guarantee, the peace oe the future, And
as regards its Importance in the de.
Z nj A ..R