Word: solvay
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Dates: during 1930-1939
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...Among them: John A. Roebling, builder of the Brooklyn Bridge; William B. Cogswell, founder of Solvay Process Co., (chemical...
What President Hotchkiss had read was the routine account of a transfer tax appraisal of the estate of Mrs. William B. Cogswell, widow of a rich Rensselaer alumnus who pioneered the Belgian Solvay chemical processes (soda products, coke) in the U. S., helped form giant Allied Chemical & Dye Corp. in 1920. Mr. Cogswell died in 1921, his wife last year in Manhattan. To her sisters, the middle-aged Misses Elizabeth and Florence Browning of Washington's Mayflower Hotel, the appraisal revealed that Mrs. Cogswell left a net estate of $4,266,548, plus two trust funds, each consisting...
...Solvay & Cie is "one of the most powerful chemical companies in the world," interested in I. G. Farbenindustrie of Germany and in British Imperial Chemical Industries, Ltd. The aim of the Solvay interests in wanting to elect new directors is to steal information for use by Allied's rivals. "The American Chemical industry is today fighting to maintain that [the American] market for American capital and American labor against the organized, combined and ruthless attacks of foreign competition...
...Nichols interests which joined with the Solvay company to form the opposition are, of course, not foreigners, but Mr. Weber took the opportunity to dig Son Nichols by quoting a letter of his late father to Armand Solvay in which objection was made to the Solvays' aim to build up a world chemical consortium and have Allied join...
...Weber's best headlined blow was his passing remark that Solvay American Investment had used its Allied stock as collateral and otherwise to obtain from U. S. investors $40,000,000, "largely for the purpose of building European chemical plants which compete with your company in the markets of the world." This charge depends upon a fact: that the late great British Sir Alfred Mond had a large block of Allied Chemical & Dye stock; and upon a theory: that he needed money to complete the great plants of Imperial Chemical Industries, Ltd. and could get it only by selling...