Word: sales
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Dates: during 1920-1929
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Lieutenant Colonel Henry W. Anderson, Special Assistant Attorney General, contends that the patents then bought by the Chemical Foundation should be returned to the Government: 1) because Under Secretary of State Frank L. Polk in signing the authorization for sale for President Wilson (who was then ill) was misled, 2) because the price paid was ridiculously low, 3) because the President did not have authority to make the sale, 4) because the sale was a conspiracy (Francis P. Garvan who became Alien Property Custodian about that time later became President of the Chemical Foundation), 5) because the sale was fraudulent...
...Government's case has had several setbacks. The first came when Mr. Polk on the stand vigorously denied that he was misled or poorly informed in signing the order for the sale of the patents...
...second point the Government brought out that another company offered considerably more for certain of the patents than was paid by the Foundation. Judge Morris admitted the evidence but questioned its applicability. The President was empowered to make the sale, he said, but not necessarily to the highest bidder. Considerations of the public interest might outweigh the dollar return and the Judge doubted the authority of the Court to review the exercise of Executive discretion. The defense brought out that 426 American companies were now using the patents as opposed to four American companies doing so before the sale...
...Revenue estimates were raised by $170,100,000 by increased taxation returns, larger contributions from French colonies such as Indo-China and Madagascar, the attachment to the budget of $3,780,000 from the Saar basin coal- mines, and $31,500,000 from French railway companies for the sale of American railway army stock. Accordingly the ordinary budget will show a surplus of $38,241,000, and the French taxpayer receive value for his money...
...after another to print his book on the "Influence of Sea Power on History", but all in vain, so that he was on the point of giving up the attempt, when Parkman, it is said, persuaded Little, Brown and Company to take it. Even then it had a scant sale, until its merit was recognized in England, and in a few years he became the American best known abroad. To come nearer home, our late benefactor, Henry L. Higginson, in early life studied music for several years in Europe, but finding himself unfitted for a musical career, came home, shortly...