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sity of special protection for the American industry. The relatively small German production of dyes of the Herty Option type explains the 23 per cent of the first six months’ allocation orders still to be delivered. The question naturally arises whether the Germans cannot produce more of the special colors desired by the United States. The arrangement which is being considered by the Reparation Commission aims to effect this purpose. The Germans do not like the necessity of putting aside 2 5 per cent of every color which they make during the month for the Allies and especially dislike the necessity of holding this 25 per cent against future orders, more or less problematical. Accordingly the Germans are inclined to consider a permanent proposition which will do away with the necessity of their putting aside 2 5 per cent of their daily production. The future of the supply of German colors to the United States is linked up with this permanent proposal. According to all indications when I left Europe, i t seemed almost certain that the permanent proposal would be adopted in the course of a few months.
ALLIED CHEMICAL AND DYE CORPORATION The merger of the General Chemical, Barrett, National Aniline & Chemical, Solvay Process, and Semet-Solvay Companies has been approved by the boards of directors of the companies concerned and the question of ratification is now before the stockholders. The formal announcement by the stockholders’ committee stated: * * * * * that the boards of directors of the respective companies have approved the plan of consolidation of the General Chemical Company, the Solvay Process Company, the SemetSolvay Company, The Barrett Company, and the National Aniline & Chemical Company, Inc. Copies of the plan and deposit agreement will be mailed to stockholders as promptly . - . as practicabfe. The name of the new coruoration will be the Allied Chemical and Dye Corporation. The authorized capital stock will not exceed $65,000,000 7 per cent cumulative preferred stock, shares $100 par value, and 3,000,000 shares of common stock without par value. It is estimated that the outstanding capitalization of the new company, based on the deposit of all outstanding stock of the consolidating companies and after elimination of intercompany holdings, will be : Bonded indebtedness of consolidating companies undisturbed $9,493,000; 7 per cent cumulative preferred stock, $39,374,300; common stock without nominal or par value, Z,I19,677 shares. If current earnings should be substantially maintained, as the committee believes they will be, and if substantially half of such earnings in excess of preferred dividend requirements should be distributed in regular quarterly cash dividends on the common stock of the new company, as the committee would favor, holders of such common stock may expect to receive regular quarterly cash dividends thereon a t the rate of $6 per share per annum. The committee of stockholders of the consolidating companies in charge of the consolidation will be composed of the following gentlemen, who have been designated for that purpose by the boards of the respective companies : WILLIAM H. NICHOLS,chairman of the board of the General Chemical Company W. H. NICHOLS, JR., president of the board of the General Chemical Company E. L. PIERCE,president of the Solvay Process Company R. W. SWIFT, treasurer of the Solvay Process Company H. H. S. HANDY,president of the Semet-Solvay Company A, W. HUDSON,vice president of Semet-Solva Company EVERSLEY CHILDSchairman of the board of &e Barrett Company W. HAMLINCHILD&president of The Barrett Company ORLANDO I?. WEBE; chairman of the board and president of National Aniline & Chemical Cdmpany, Inc. WM. J. MATHESON, director National Aniline & Chemical Company, Inc.
Dr. Wm. H. Nichols is chairman of the committee, and Clinton S. Lutkins, 25 Broad Street, is the secretary. The Guaranty Trust Company will be the depositary for all classes of securities and will issue transferable deposit certificates against deposits of stock under the plan. The Bankers Trust Company will act as the registrar of deposit certificates.
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“CRIPPLING A GREAT WORK”
THEKNY-SCHEERER CORPORATION AMERICA NEW YORK
OF
Oct. 6th, 1920. In your reply refer to: N. E. F. Journal of Industrial & Engineering Chemistry, Room 343, No. I Madison Ave., ATew York City. GENTLEMEN : Our attention has just been called to an editorial appearing in your September number, under the heading, “Crippling a Great Work.” The reputation of your Publication prevents the thought that this article was written by you in a spirit of malice. No doubt the author who prompted the article, and whose patriotism has been heralded through the trade as “’s Patriotism Pays,” took advantage of your good nature and had the article written and published by you. An article of this kind can only be written and published with a view of injury to the party in question; so far as the general public is concerned, they are not interested. The Kny-Scheerer Corporation of America is owned and controlled solely by born American’s; men who lent their services in many ways to their Government during the recent great struggle, and who did not measure their patriotism by the dollar-mark. We feel that you believe in a square deal, and think that you will agree with us that in the article above referred to, we have not been treated hirly or squarely; and that your reputation for fair play will prompt you to extend to us the same courtesy that you would want extended to yourselves under similar circumstances. This letter is written without feeling or resentment on our part as against your Publication, and we trust that you will receive it in the same spirit. Yours very truly, THEKNY-SCHEERER CORPORATION OF AMERICA (Signed) N. E. FRANKLIN President
FRANKLIN FILTER PAPER
To the Editor of “The Journal of Industrial and Engineering Chemistry” N. Y. City. MY DEARDR. HERTY: Permit me to correct some erroneous statements published on page 955 of the Journal in reference to the “Franklin Filter Papers” which caused so much unpleasantness a t the recent Chemical Exposition. First of all, this line of filterpapers, manufactured by Messrs. Macherey, Nagel & Co., Dueren, who are represented in this country by myself, had been broadly advertised as German manufacture for a t least 6 months previous to the exposition, and I feel certain that nobody ever intended to sell this paper under false pretense. Chemically treated paper for accurate gravimetric analysis is not being manufactured in this country, and the only other paper of this kind shown a t the exposition was made in France and in England. Therefore, we have all reasons to believe that the parties who happened to be under the entirely mistaken impression that the German papers shown were offered as American manufacture were not American manufacturers of such material-as these do not exist-, but we are sure that those parties started the trouble either for pure business reasons or for reasons of personal dislike against the exhibitor of the material. My careful investigation of the entire incident leads me to believe that the latter alone was the basis of the
