The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1922-08-04

and by him forwarded 10 the Congress.
and by that Congress made public
document and most widely commented
ON by the press uf the country"
Palmer's Version Of u
Mr.. Palmer stated In the course OF
the report referred to by Mr.. Gnryan:
These patents. rs had already been
Indicated, formed q 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 II seemed that
these patents offered a possible solu-
ton for the problem. hitherto unsoiv-
able. of protecting the new American
dye Industry against German compeii-
tion 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 10 protect them.
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.
stufrs. 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 10 be known as the Chemical
Foundation Oncl. 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 Z. Caravan of the New
York bar. TO whose clear vision and In
defatigable industry l am chiefly In
dcbted for the working out OF this plan.
| The combination was not objection
able TO public policy, since II wns so
4 organized that any genuine American.
/ whether stakeholder of the COM
( pany or not, could secure the benefits
4 OF the patents on fair and equal terms"
A Quasi.Pubiic Idea
Mr.. Caravan goes on to state that at
that time he was a dollar year man,
I with no expectation whatever OF be-
coming alien property custodian; that
/ It was only when Attorney-General
Gregory resigned and Palmer was ap-
! pointed Encouragement that Palmer
asked him 10 take the custodlan's
place. Three months later, he writes
he testified before the Ways and Means
Committee Of the house; THE founda
tion Of the Chemical Foundation was
an effort 10 form an organization e
represent as nearly as possible at that
time the public interests. Judge In
graham of New York aud Judge Gray
OF Delaware had charge of drawing
our charter and our trust agreement
and our certificate Of Incorporation
We have endeavored 20 make II n,
nearly public institution as our laws
allow, and nj the same time 10 have
II an official organization. We wanted
. To sell these patents 10 the govern
ment, and II there had been an!
method by which we could make then
working force and Sill have then
owned and controlled by the govern
ment, Il would have relieved us of
great deal OF responsibility, and
there is at this time any suggestion 10
1 modification or amendment OF our pla
, which viii insure In the minds OF III
, committee a more definite and certai
fulfllment Of the intention and pun
poses of our organization ! nm certnl
that the Chemical Foundation and al
its stockholders and all who are inter
ested In II would he glad TO conform
= 20 the wishes Of the committee, ht
. cause, In so far as we have public rec
. ognltlon ana public support and gov
I eminent recognition and government
support. we become more efficient an
become more able TO carry out the N
tentions which are In our hearts an
minds"
{ Mr. Garynn states that the total o
=, gross income OF the Foundation ha
/, averaged SAB, 2l6,65 per year, The ruf
: ming expenses. bare overhead, hav
a averaged 1921 ,DTl.35. net excess q
S21 .24530 or .0i9 per cent on the s42s
900 invested. allowing nothing for dc
probation. The average life Of th
} patents is eight years. SO that l21
d per cent OF the ST. $50 cash paid fo
s the patents. or $339Sl per yea
d should be subtracted from the appal
n ent net receipts per year. which leave
o nm actual annual operation deficit {
d Sl2.735.70. In educational work, NJ
l. Garvan informs the President, III
@ Foundation has spent s26i .0l7.S5. ia
I, entire balance Of It's capital
y Quotes English Prediction
Firmly uluiNAdlHthN AiihA ihF D VbHNa
z ton is the keystone Of the wall raise
r TO protect the American people frol
l. German chemical domination, Mr. Ga
n van maintains such protection Is indi
s. pcnsable To the future happiness. heali
n and safety of the American people, m
"a quotes from recent open letter
L. parliament written by James Morto
n largest carpet manufacturer Of En-
III land. "Organlc chemistry Is the key
ie the world Of new values aud tl.
u America In five years time will ha,
?. dye works and general chemical wOri
"a equal 10 Germany.
:, As regards the development Of o
70 ganlc chemistry for national dcfens
~ Mr. Caravan calls TO his aid tcstim0i
D. hy Marshal Foch and the late F!e
IS Marshal Sir Henry Wilson 10 the ge
&c eral conclusion that a nation thoroug
u ly equipped chemically may almo
guarantee the peace Of the future. Al
J. as regards Its importance In the
20 yelopment Of medicine he quotes Pre-
y Julius StIglitz OF the University
l Chicago. world famous chemist:
y. The pltiful calls Of our hospitals z
10 local anaestheticE 20 alleviate sufferiI