Word: saccharine
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Dates: during 1930-1939
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...those of the chemical industry. Biggest chemical concern in St. Louis, and one of the biggest in the U. S., is Monsanto, which operates one plant in St. Louis, another across the Mississippi in Illinois. Starting from scratch with the U. S. rights to a German patent on saccharin, Monsanto spent the first 20 years of its life shouldering its way to the top of the domestic fine chemical industry, the next 15 buying plants at home and abroad to consolidate a respectable position in the heavy chemical industry. For another $6,000,000 worth of expansion Monsanto last week...
Monsanto was founded in 1901 by John Francis Queeny, a St. Louis drug salesman. He figured he had sold enough remedies and condiments to be able to make money manufacturing them, scraped together $5,000, began making saccharin. He gave the company his wife's maiden name because he planned to keep on peddling drugs under his own. The company got to its feet slowly, did not down European competition in selling drugs to U. S. drug stores until...