Word: monsanto
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Dates: during 1940-1949
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...horse behind the cart. They felt that power plants were not a problem for cloistered academicians, but for engineers. Some industrialists grumbled that if AEC's slow, cautious approach had been tried on the internal combustion engine, physicists would still be riding to work on their bicycles. Monsanto Chemical's Executive Vice President Dr. Charles Thomas has argued: "We can't go out today and build a power plant that is a very good power plant. But to go from A to E you have to try B, C and D. That's the way industry...
...Monsanto, technological upheavals were an old experience. When roughhewn John Francis Queeny formed the St. Louis company in 1901 (he named it Monsanto after his Spanish-Portuguese wife), it was for the purpose of making saccharin. In rapid succession he branched out into medicines and industrial chemicals and dyes. By 1928, when his son Edgar Monsanto Queeny took over, Monsanto had four plants, was grossing a comfortable $6,150,000 a year...
...Clothes. First as president, later as board chairman, he put his laboratory men to work finding new uses for old Monsanto products (example: the detergent Santomerse, developed to make water "wetter," was found to be useful for leather and fur processing, railroad car cleaning and bubble baths). He also spent heavily on basic research. Result: Monsanto today makes 14 different raw materials for plastics, leads the world in production of lampblack and elemental phosphorus, turns out some 500 chemicals that other companies use in 20,000 different industrial processes...
...spare time Ed Queeny likes to hunt and fish and write books. He has written on ducks and salmon fishing and, most important, on the free-enterprise system that he feels Monsanto epitomizes. His Spirit of Enterprise (Scribner; $2) was a vigorous, readable businessman's counterattack on state planning...
When 50-year-old Ed Queeny goes off on hunting trips in his DC-3, he likes to point out Monsanto's contributions to his plane: fire-retarding control surfaces, stain-proof upholstery, the plastic-covered table and plastic dishes in the galley. Among Monsanto's more arresting new inventions: Resloom, a chemical that promises to make rayon creaseless, cotton wrinkleless, and keep wool from shrinking...