Cottonwood chronicle. [volume] (Cottonwood, Idaho) 1917-current, 1922-09-15


On By the press Of the country"
Paimer'a version Of IL
Mr.. Palmer stoted 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
stun Industry. Evidently they had NOT
been taken ont with any Intention Of
manufacturing In this country or from
any fear OF American manufacture
upon consideration II seemed thar
these patents offered possible solu-
tiun for the problem, hitherto uns0lv-
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 he placed
In the hands of any American lnstltu-
ton strong enough to protect them. a
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 tnese 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 aud enthusiastic approval, ana
as 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
nd 20 ertto tao
for American industry. It,. The first
president OF the Chemical Foundation
will be Francis =. Caravan OF the New
York bar. to whose clear vision and In
defatlgable 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 Quasl-Pubilc Idea
Mr.. Caravan 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
II was only when Attorney-General
Gregory resigned and Palmer was ap-
pointed attorney general that Palmer
asked him TO take the custodinn's
place. Three months later he writes,
he testified before the Ways and Means
Committee OF the honse "1'he founda-
tlOn OF the Chemical Foundation was
an effort 10 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 ms
nearly public institution as our laws
allow, and at the same time to have
II an official organization. We wanted
10 sell these patents to the govern
ment. and II 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 W. OF n
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 81 the
committee more definite and certain
fulfillment 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 II would be glad to conform
10 the wishes VI 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
become more able to carry out the In
tentions which are In our hearts and
minds
Mr.. Garyan states that the total or
gross Income OF the Foundation has
averaged S1+3 ,215.65 per year The run.
ming expenses. bare overhead, have
averaged Si2l. 9Tl.35. net excess OF
S2i .2i5.20 or .0i9 per cent on the S42s.
900 invested. allowing nothing for de.
probation. The average life of the
patents Is eight years. so that I'm
per cent of the $27l $50 cash paid for
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 of
So, 1870. In educational work, Mr..
Garvan informs the President. the
Foundation has spent S26i.0l7.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.. Gar
van maintains such protection Is lndis-
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. Organic 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.. Garvan calls to his aid testimony
by Marshal Foch and the late Field
Marshal Sir Henry Wilson to the gen
eral conclusion that nation thorough
ly equipped chemically may almost
guarantee the peace OF the future. And
as regards Its Importance In the de-
velopment OF medicine he quotes Prof
Julius Stlglltz OF the University Of
Chicago. world famous chemist:
"The pitlful calls OF our hospitals for
local anaesthetics to alleviate suffering
on the operating table. the frantic ap.
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