Word: henkel
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Dates: during 1940-1949
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...well as for Drene, Shasta, Teel and other cleansers), had an occasion for considering the Dreft slogan. It was accused of having its closets full of dirty linen. In a Manhattan grand jury indictment, the Government charged that 1) the company was a front for the German soapmakers, Henkel & Cie.; 2) Hyalsol had dodged $500,000 in taxes. It was, trumpeted antitrust lawyers, "one of the largest and most cleverly operated frauds against the Government ever uncovered...
...Government charged that in 1932 Henkel, one of the world's biggest soapmakers, licensed some of its synthetic detergent patents to Procter & Gamble, Du Pont, and Richards Chemical Co. The royalties were paid to Hyalsol, which was set up, the Government charges, as a U.S. patent-holding company under Marks and Littell...
...Littell, it was charged, also set up an intermediary company in Switzerland and wrote themselves letters showing Hyalsol heavily in debt to the Swiss company. The royalties collected in the U.S. were turned over as payments on this fictitious debt, said the grand jury, and drawn out by Henkel, thus avoiding U.S. income taxes...
Payment in Advance. By the Government's account, Henkel saw the war coming and insisted that Hyalsol borrow enough to pay minimum royalties for six years. Hyalsol obediently borrowed $300,000 from Licensee Procter & Gamble (like other U.S. licensees, it knew nothing of the alleged international scheme), and passed it on. For their part, Marks allegedly got $1,200 a year, plus other fees, and Littell a 2% commission on royalties...
...House is a Unilever secret. But few doubt that they are the basis of Unilever's ambitious postwar plans. Unilever expects to spend some $100,000,000 for expansion all over the globe. It also hopes to buy up what is left of the great German soap company, Henkel, and thus have close to a monopoly on the Continent...