Word: inventor
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Dates: during 1930-1939
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...proposed split is not the first but the second time that Founder Fairchild has made little corporations out of big ones. The tall, husky, 40-year-old inventor took his enterprises into Aviation Corp. when that big holding company was formed in 1929. At the end of two years Mr. Fairchild had had enough of the boomtime merger, arranged for his company to regain its independence. Since then he has collected for Fairchild a notable roster of executive and engineering talent, including such names as Col. John H. Jouett, famed "father of the Chinese air force"; James S. Ogsbury...
Masonite was not named for the benefit of the building trade but for the inventor of the basic processes-William Horatio Mason. A broad-shouldered, white-haired Virginia-born engineer who spent 17 of his 59 years working for the late Thomas Alva Edison, Inventor Mason went to Laurel, Miss, after the War to work out a method of removing and recovering rosin and turpentine from Southern pine lumber. He was more impressed by the waste of wood in normal sawmill operations, however, than by the possibilities of naval stores. As the price of naval stores declined after the post...
...first it was thought that the pulp could be made into paper but insulating board soon promised a better use. Backed by a group of Wisconsin lumbermen, Inventor Mason began to experiment with methods of forming and pressing his pulp. Once when he went to lunch he left a wet slab on a hot press, hurried back, when he remembered, to remove it. Meantime a cranky steam valve had permitted the press to grow hotter and heavier with the result that Inventor Mason found, instead of a fibrous board, a dense, grainless, rigid sheet of material, which, in its present...
...from Laurel, however, is the Masonite ownership. Majority of the stock is still in the hands of the original Wisconsin lumbermen who backed the inventor. These include such potent paper and lumber names as Clark Everest (Marathon Paper Mills Co.), Aytch P. Woodson (B. C. Spruce Mills), Cyrus Carpenter Yawkey, dean of Wisconsin lumbermen. Biggest stockholder at last report (33,000 shares) is President Ben Alexander...
Masonite was jockeyed into a fine position for revival in building by winning a patent infringement suit in 1933 against Bror Dahlberg's Celotex Corp., No. 1 U. S. wallboard makers. Mr. Dahlberg makes his board of sugar cane fibre. He found, as Inventor Mason did, that hard board could be made from materials other than wood. By giving his sugar cane a little more heat and pressure, he too got a dense, rigid board. But Masonite sued and won, which meant that if anyone wanted hard board they had to buy Presdwood...