Word: money
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Dates: during 1940-1949
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When Rutgers University needed to save some money during the war winter of 1941-42, a budget official had a bright idea: Why not fire Selman Waksman, an obscure Ukrainian-born microbiologist who was getting $4,620 a year for "playing around with microbes in the soil?" That sort of fun & games, the moneyman pointed out, had never really paid...
With this money (and more still to come), Rutgers and Waksman are planning to build an Institute of Microbiology. Quiet, modest Dr. Waksman will enjoy the new equipment and the more spacious laboratories. For himself he asks little. By taking advantage of the unusually liberal Rutgers policy in such financial matters, he might have claimed all the proceeds of his discovery and become a millionaire. But he turned over his royalty rights to the Rutgers Research and Endowment Foundation with the mild observation: "Rutgers won't let me starve...
During his last trip to his native Russia in 1946, Waksman was treated royally by the Russians and made a member of the Academy of Sciences of the U.S.S.R. With this honor went a 15,000-ruble prize, but Waksman could not take the money out of Russia. So he bought a rather formidable painting of a north Russian landscape by Beruleia-Berulia, which now hangs in the living room. The firmly fixed price was 18,000 rubles, but the Russians agreed to knock off 3,000 rubles if allowed to keep the frame...
While Waksman waits to set up his institute with streptomycin money, the search for better antibiotics goes on. The requirements for a new antibiotic seeking membership in the select club are getting stiffer all the time. Explains Waksman: to qualify, a new drug must kill some kinds of germs more effectively than any drug now known; it must work well in the body and not damage the body; it should be stable and soluble in water...
...influenced, explained Harley Hise, by the dire alternatives for K-F if the money had been refused. Said he: K-F might have had to shut down, resulting in heavy unemployment. As it was, K-F last week had to lay off 5,000 workers anyway, while it tried to sell cars on hand. But Hise hoped that that was just a temporary situation and that "the loans will be repaid from earnings...