Word: ansco
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...frozen, they were barred from company premises and forbidden to communicate with their ex-employes. The five: Rudolph Hutz, $80,000-a-year vice president & director;Vice Presidents Hans Aickelin and William vom Rath; F. W. von Meister, manager of the Ozalid division; Leopold Eckler, acting manager of Agfa Ansco. Four worked at one time for I. G. Farben (German Dye Trust); all personified, said Treasury men, Aniline's German origins and ambiguous control...
They also made Aniline's wheels go round. Already harried by Government prying, Aniline protested that now its actual operations would be hampered. Those operations include much vital war work: 90% of the khaki dye for U.S. uniforms, Agfa Ansco films for Army & Navy, Ozalid blueprint paper & apparatus for many a defense plant...
...order. This was clear from an SEC report to Congress earlier last week. After four years of study, SEC admitted it could not discover who controlled the American I. G. Chemical Corp. originally sponsored by I. G. Farbenindustrie, but since 1939 called General Aniline & Film (textiles, dyes, Agfa Ansco camera equipment). SEC revealed that the original U.S. directors of the firm, including Standard Oil of New Jersey's Walter Teagle, had no idea who controlled it either. The trail ended in Switzerland, where a number of long-named banking firms were holders "of record," but not "beneficially," of over...
...consequence of a merger in December 1939, Agfa Ansco Corporation became a division of General Aniline & Film Corporation. The latter has issued and outstanding 2,529,700⅔ shares of stock, each share being entitled to one vote. Approximately 20,000 shares of the corporation are owned by German interests. This represents less than 1% of the voting power of the stock...
...Switzerland falls into German hands, Agfa Ansco will not pass under German control for several reasons: 1) the actual Swiss shares giving voting control of General Aniline & Film Corp. are held in Manhattan; 2) Swiss law provides that title to this stock can be changed only under existing Swiss law even though the Swiss Government is forced to leave Switzerland; 3) Swiss law further provides that no officer or employe of a Swiss corporation remaining in occupied territory has any authority to act for his employer...