Word: bosch
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Dates: during 1920-1929
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Turn-of-the-century automobile owners considered a magneto-less automobile useless. Full of praise were they for the inventor of the gadget which supplied the spark, which exploded the gas, which made their cars go. The Bosch Magneto was referred to as "heart of the automobile," was considered its most important organ. That its inventor was a German did not in those days detract from his genius. Herr-Inventor Robert Bosch found a great demand for his product in the U. S. In 1906 he sent two compatriots, Herren Otto Heins and Gustave Klein, to New York to incorporate...
Last week, however. Inventor Bosch found himself legally excluded from his U. S. markets. During 1917 hysteria Bosch Magneto Co. of New York was one of the many "enemy owned" companies which were sold at public auction by the U. S. Alien Property Custodian. One Martin Kern purchased it for $4,500,000,* resold it soon after to American Bosch Magneto Corp. which had incorporated for the purpose of buying Kern's Bosch stock. In 1921 Inventor Bosch initiated a new attack on U. S. markets and incorporated the Robert Bosch Magneto Co. to sell German-made Bosch products. Hence...
...American Bosch Magneto Corp., applying for listing of 8,800 additional shares, announced an employe's stock plan, gave no details...
...soon be selling at 200 or 250 marks. Then, unexpectedly, came the announcement that instead of selling the new issue by popular subscription. Mr. Ford was allowing it all to go to I. G. Farbenindustrie, Germany's famed Dye Trust. Furthermore, I. G. F.'s President, Carl Bosch, co-developer of the Haber-Bosch nitrogen fixation process, became Chairman of the Ford German company. Thus not the German people but the German Dye Trust became Ford associates. Thus Mr. Ford chose to make a financial instead of a popular alliance...
...issue in something less than one hour and began its corporate existence under the most pleasing auspices. Representing a combination of I. G. Dyes, Standard Oil of New Jersey, National City Bank, International Acceptance and Ford Motors, the American I. G. Chemical Corp. included on its directorate Herren Doktoren Bosch, Schmitz and Greif of I. G. Dyes, President Walter Teagle of Standard Oil, Chairman Mitchell and Warburg of the two Manhattan banking houses, and President Edsel Ford of Ford. What proportion of the new company's stock will be held, respectively, by its U. S. and German interests...