Evening star., 1942-06-02
Standard Of Jersey
President Denies
Arnold Charges
Furish Tells Holders
Firm Did Not Delay
War Production
Nv this Associated Press.

By the Associated Press
FLEMINGTON. N. j., June g.
Denying charges leveled at the COM
pany by Thurman Arnold, Assist
ant Attorney General, w. S. Far
ish, president of the Standard Oil
Co. of New Jersey, told stockholders
at the annual meeting here today
that no action of ours delayed
the production of synthetic rubber
in this country or hampered any
other items of our war effort"
Parish defended the company as
he read a letter sent to Senator
Truman, Democrat, Of Missouri
chairman of the committee to in
vestigate national defense. Arnold
had placed before the committee
his later criticism of the company
Parish spoke to group OF more
than 400 stockholders who made
the trip to this South Jersey rural
community in a special train pro-
vided by the company.
Quoting from his letter to Sen
ator Truman, Parish said, I'm the
midst of war we wish to avoid al
controversy with any agency OF our
Government, but we cannot remain
completely silent on the new ac-
cusation.
while your committee and Mr.
Arnold both absolved us from any
unpatriotic motive he deduces from
the document in his possession an
attempt by us to mislead your COM
mittee. I hope I need not assure
YOU that there has been no attempt
on our part of any kind to mislead
YOU. Such a conclusion could be
reached only from miSunder-
standing of selected facts and not
from knowledge of all the facts.
u want to reiterate what we told
your committee that no action OF
ours has delayed the production OF
synthetic rubber in this country or
hampered any other item of our war
effort. To the contrary 1t has
brought to this country invaluable
weapons for winning the war"
Continuing with his letter, Parish
reviewed the company's develop
ment of high-grade aviation gaso-
line which puts the planes of the
United Nations far ahead OF AXIS
planes"
Defending the companys rela-
tions with the l. G. FarbeninduS-
trie, huge German chemical con-
Germ, Parish said that "out OF II
came American control of the buna
rubber processes which we were
able to take over completely from
the Germans in 1889 solely because
of our 1929 agreement"
Points to Benefits.
Out of this program also, FarlSh
said, were processes which we have
developed and which will be used
for production of most of the buta-
diene of buna rubber made in the
oil industry Out of it came WIS.,
taneX, one of the few special types
of synthetic rubber in actual produc-
ton in the United States before
the European War"
The Parish letter said That
the new statement on file with you
raises for the first time the point
surprising 20 us, that these unques-
toned benefits would, in fact, come
to us from the earlier 1927 agree
ment with the IG.
The 1927 agreement was limited
to oil processes used in the United
States. 1t gave no right to the oil
processes outside of the United
States and 70 right for coal hydro
genation even in the United States.
1T gave no rights at all in any
of the valuable oil-chemical proc
esses, such as synthetic rubber.
The only control of the new
chemical developments which Stand
ard gave up to the IG in the 1929
agreement was limited to new cham
ical developments of Standard out
side of the oil industry"