Evening Republican, Volume 22, Number 90, Rensselaer, Jasper County, 17 April 1919 — U. S. HAS DYE TRUST [ARTICLE]

U. S. HAS DYE TRUST

Washington —An American monopoly of German chemical patents has been organized by Alien Property Cusr todlan Francis P. Garvan, under United States government protection, according to the custodian’s report. The title of the federal protected trust is “The Chemical Foundation." with Custodian Garvan as president and a coterie of American financiers on the executive board. The avowed object of the organization is to drive out German Influence from the American dye Industry. The basis of the combination is 4,500 German chemical process patents seized by Custodian Garvan and his predecessor in that office, A. Mitchell Palmer, now attorney general. Mr. Palmer sold to the foundation for $250,000 the German patents. The corporation was capitalized at $500,000, of which $400,000 is to be 6 per cent cumulative preferred stock and SIOO,OOO common stock, limited to 6 per cent dividends. A voting trust, composed of Cleveland H. Dodge, Otto T. Bannard, H. Griswold, Ralph Stone and former Supreme Court Justice George D. Ingraham will control the finances.

ster?” he, said to Mrs. Lena Gellman, the matron. “Here I am, one hundred and eight years old already, and I never walked that far in my life. He must be a-scared of the street cars.” “The trouble now,” said Sobelman, “is that people pay too much attention to what they should eat and drink. Everybody, it seems, is on a diet. I eat and drink whqt I HJce and take a little liquor or smoke if I feel like It.”