Word: dyeing
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...success when making the award. Last week the Academy departed from that tradition, awarded the 1931 chemistry prize jointly to two Germans whose outstanding work has been the commercialization of scientific processes developed in research laboratories. They were Professor Carl Bosch of Heidelberg, chairman of the I. G. Farbenindustrie (dye trust)-for his process for large-scale production of ammonia from atmospheric nitrogen-and his fellow townsman, Professor Friedrich Bergius-for his work in obtaining gasoline from coal. For the Nobel Prize in Physics the Academy could agree on no one, postponed the award until next year...
This year Jacob Fred Schoellkopf, Buffalo power and dye tycoon, contributed a gold medal, named for his late father, to honor important industrial research. First Schoellkopf medalist, named last week, is President Frank Jerome Tone, 63, of Carborundum Co., who helped develop that and other synthetic abrasives, who originated the first commercial process for producing silicon metal (used in electrical transformers, alloys, hydrogen manufacture), who possesses "to an unusual degree the rare combination of the qualities of the pure scientist, the plant engineer, and the successful business administrator." Graduates of Hill School and Cornell of six or seven years...
...haired, pleasant-faced Hermann Schmitz, Germany's emergency director of finance. Brüning, Hindenburg & Co. had picked him for the job of preventing the leakage of German funds abroad on the principle of setting a Schmitz to catch a thief. As financial adviser of the great German Dye Trust, sly Schmitz organized a holding company in Basle, Switzerland, nearly a year ago, allowed dye trust stockholders to exchange their German shares, payable in marks, against Swiss shares, payable in francs. The reformed Schmitz's emergency measures were sufficiently successful last week for the Reichsbank to announce that...
...many other things to do. Because of the intricate politics and jealousies of German finance, no professional banker could be appointed. Herr Schmitz is the next best thing. He is the financial adviser, the banking counsel of the largest corporation in Germany, the German Dye Trust. As a director of the German Nitrogen Syndicate, Herr Schmitz played a central part last week in the breakup of the international nitrate conference at Lucerne...
...come out on top. In the U. S., synthetic producers have enlarged their capacity, will enter no agreements. As soon as the cartel was broken, the price of sulphate of ammonia, a nitrate fertilizer, broke $4.50 per ton to $27.50. Biggest of U. S. nitrate companies is Allied Chemical & Dye, buyer of all the sulphate of ammonia which forms in the ovens of United States Steel...