Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1922-08-17

10 accept my present statement or me +
matter, hut insert here an extract from
the report OF A. Mitchell Palmer, filed
with the President February 20, 1919,
and BY him forwarded 10 the Congress,
and by that Congress made q public
document and most widely commented
on by the press of the country"
PaImer's Version OF II
Mr. Palmer st8ted in the course OF
the report referred TO by Mr.. Garvan
These patents. as had already been
indicated formed colossal obstacle to
the development Of the American dye
stuff industry Evidently they had nor
been taken ont with any intention Of
manufacturing in this country or from
any fear Of American manufacture
!. upon consideration il 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-
tiOn 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-
tion strong enough 10 protect them.
real obstacle might be opposed TO Ger
man importation after the war, and al
the same time the American industry
might he freed from the prohibition en-
forced by the patents against the man
ufacture OF the most valuable dye
stutfs. Accordingly these considerations
We're 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 a 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
10 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 r. Caravan Of the New
York bar, TO whose clear vision and in
defatigable industry | am chiefly in
dehted for the working out of this plan
The combination was not objection
able to public policy, since IL 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 ouasi-Public Idea
Mr. Caravan goes ON TO state that at
that time he was dollar a year man,
with no expectation whatever of be-
coming alien property custodian; that
Ii was only when Acknowledgement
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 fonnda-
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 II aF
nearly a public institution as our laws
allow, and at the same time 10 have
II 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
working force and still have them
owned and controlled by the govern
ment II would have relieved MS OF Il
great deal Of responsibility, and II
there is at this time any suggestion foi
modification or amendment Of our plaf
committee more definite and certain
fulhllment of the intention and pur
poses Of our organization | am certain
that the Chemical Foundation and AL
It's stockholders and all who are inter
ested in 1t would he glad TO conform
to the wishes Of the committee, be
cause, in so far MS we have public rec
ognition and public support and gov
eminent recognition and government
support we become more efficient an(
become more able to carry out the In
tentions which are in our hearts anC
minds"
Mr.. Caravan states that the total Of
gross income Of the Foundation hal
averaged $l43.21665 per year. The run
ming expenses. bare overhead. have
averaged 1921 81 l35. a net excess 0,
S2l 24h.30 or .O49 per cent on the $42S.
900 invested, allowing nothing for de
probation. The average life of th'
patents is eight years, so that 1921
per cent of the S271 $50 cash paid 10
! the patents. or S33,9Sl per year
should be subtracted from the appar
ent net receipts per year, which Leaves
, an actual annual operation deficit o
S12,735.T0. In educational work. Mr.
Garvan informs the President thu
> Foundation has spent S264,017.S5, TIL
entire balance of its capital
Quotes English Prediction
? Firmly maintaining that the Founda
) ton IS the keystone OF the wall raise'
r TO protect the American people from
! German chemical domination Mr.. Gar
1 van maintains such protection Is indis
, pensable TO the future happiness. healtl
i and safety of the American people, an,
/ quotes from recent open letter Il
. parliament written by James Morton
4 largest carpet manufacturer OF Eng
land, Organic chemistry Is the key t
2 the world Of new values, and tina
I America in five years time will hay
4 dye works and general chemical work
/ equal to Germany
t AS regards the development OF OF
ganic chemistry for national defense
/ Mr.. Caravan calls to his hid testimon
1 by Marshal FOch and The late Fiel
5 Marshal Sir Henry Wilson to the ger
e eral conclusion that nation thorough
+ ly equipped chemically may almos
i guarantee the peace Of the future. An
L., 81 a