| Show i IG CHEMICAL CHEMICALS S 4 PLANT GERMAN OWNED TAKEN VI J i G Government lent Exposes 1 I False FaIs r 1 Sale Made lade laden to Hide For For- Foreign t gig eign n Control n 1 k Jul July Seizure 9 Seizure of or the tho If ston Chemical works at nt Garfield N. N HeS den en n t lar largest est corporation of oC Its Second J 1 J T United States with exclude k kind vind nd in the de right to use m man many any valuable Ger- Ger sl she e L and formulae n patents processes ma of at palol sodium making i the saccharine and other products by-products t l late tc te ft o t f carbolic acid was announced today Custodian Palmer by ly r Allen Property will be operated for Cor tho the gov- gov The be plant Mr Ir Palmer slI said 1 and the tho pats pate pat- pat Americanized t e tl s and formulae works which did a business bust busi The he Heyden Heden r ness 5 of oC 5 last year car were taken r custodian said sahI after after atter an In Investigation In- In the OY ver er b by Francis P P. Garvan Carvan director director di- di of at Investigation In rector r-ector of oC the bureau of office of- of property custodians custodian's alien the f Jn fice revealed that It was owned hy by 1 the Von Van Heyden of oC Ra Rade- Rade o- o beul Germany the largest chemical t compan f In to tho the world orld and that an effort ef- ef company had tort fort to conceal the tho real ownership been made In 1916 b by Geor George e Simon of Brooklyn K N. Y representative p of or tho Brooklyn t Germany company aided b by T. T T-H T Ellett Hodgskin an attorney oC or New ew York lork City U Mf v Simon who ho I lit Is a German subject or- or il the Heyden Herden concern In 1900 with a capitalization of oC which later was Increased to Of Ot the shares of ot stock Mr Palmer received Bid the German company compan fn In consideration for tor the secret formulae and ind patents 4 J Pretended nh In 1916 when the tho relations between the he United States and Germany bome bo- bo tame came me strained Simon with the tho aid of ot Americanize the skIn Hods-skIn sought ht to leyden Heyden works work tho custodian said b by byan An in alleged cd purchase for 1 of at the 45 shares of or stock held b by the tho Geran Gerian Ger- Ger ian an company which in 1916 netted that company The money to o finance the tho alleged sale salo It was said was iras as secured from tram Simons Simon's in father ilaW Richard Kny of or Brooklyn Brool to whom Hodgskin gave a certificate for the shares chares of or stock iff To protect the German ownership oC of the Heyden Heden works said Mr Paler Pal- Pal Imer er Simon got to write a aletter aletter aletter letter to him wherein Hodgskin agreed to sell seU back the stock stacIe to the German Germ Interests Interests at any time within eighteen months for the sum sum o of an and In In- In terest Mr 1 Palmer said not only Obtained o. o control of or the company but buth h had d caused himself to be elected president president dent of or the board boar of or directors and fixed Ills Ills' js salary at a year earI ear Admits Ot I Under examination cross b by Mr Ir Garvan Gar continued the custodians custodian's Simon admitted that the leyden Chemical works was owned b by bythe he the Von Van Heyden He Heald aid ald the concern was reorganized so as hide the German ownership Simon said he went abroad for the purpose of or ascertaining the tho wishes of or ore the e German company compan looking to safeguarding safeguarding safe safe- guarding its Interests In this country b because cause tho the Von Heyden had lost all it its property and 1 o in both England land and Japan because of the war RIchard f Kny claimed that he he In good faith in 1916 loaned to Hodgskin so that Hodgskin might purchase the company and Simon and andl l Rn Kny ny both sa eay the money was transmUted transmitted transmitted trans trans- mUted to Ger Germany any any- Richard Kny Iny has surrendered to the alien property cus- cus u the certificate of at 7 15 shares of oC tod issued to him and formally turned eve the he to th the alien allon o company compan prop- prop ert custodian Lo 10 Ro Roy Baldwin president of oC the Em- Em Trust company New ew York City has been named president of the themer American American Amer mer merlean ican lean company compan to operate the plant Cort for Cor forthe forthe t the e government so |
