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...most to know was how to design a tax policy that would promote production, full employment and purchasing power. Almost to a man, U.S. businessmen agreed that rising production is sorely hindered by present federal taxes. Though postwar investment in plants and equipment has soared to alltime records, American Cyanamid Co.'s Economist Ralph E. Burgess pointed out that 80% of the cash is to replace worn-out facilities. And mainly the hope for large capital gains in the boom has kept venture capital flowing steadily, said Harvard University Professor J. Keith Butters. "In a time of depression...

Author: /time Magazine | Title: GOVERNMENT: What's Wrong With Taxes? | 11/28/1955 | See Source »

PATENT PIRACY by a Japanese drug firm has been stopped, at least for the time being. In Japan's most important patent decision since World War II, a Tokyo court ordered the powerful Meiji Seika company to stop manufacturing aureomycin without permission from American Cyanamid. The court rejected the local firm's contention that it had discovered a new type of aureomycin in mud and that it should be allowed to continue production for "special reasons," i.e., nationalism...

Author: /time Magazine | Title: Time Clock, Oct. 10, 1955 | 10/10/1955 | See Source »

Steel Doldrums. Amid the general rejoicing, there were some groans of dismay. Alcoa was off 11.4%, to $11,525,459. In the chemical industry, American Cyanamid's earnings went up 14%, to $6,434,475, but Union Carbide and Carbon's net slid to $21,342,676, down 19.3%, and Allied Chemical...

Author: /time Magazine | Title: EARNINGS: Cheers---& Some Groans | 11/8/1954 | See Source »

...that the researchers have the stuff (still only in minute quantities), the question is what they can do with it. At the American Cyanamid Co.'s Lederle Laboratories, processes for extracting properdin in bulk are being perfected. Then medical men will try to find out whether man's natural immunity to all infectious disease, or to an immediately threatening attack, can be boosted by shooting more properdin into his veins...

Author: /time Magazine | Title: Medicine: Death to Germs | 9/13/1954 | See Source »

...many parts of the South, one-crop agriculture (cotton) disappeared along with the one-crop industry (textiles). Among the newcomers: Mead Corp.'s $30 million paper plant at Rome, Ga., American Cyanamid's $40 million ammonia plant near New Orleans, Chemstrand's $100 million nylon plant outside Pensacola, Fla. In 1953, for the first time, the value of Dixie's chemical products exceeded the value of its textile output...

Author: /time Magazine | Title: Business: A Keystone of the Free World | 1/4/1954 | See Source »

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