The story of artificial silk

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Monograph

Identifikator:: 1752429486

URN:: urn:nbn:de:zbw-retromon-127700

Document type:: Monograph

Author:: Franklin, Benjamin http://d-nb.info/gnd/118534912

Title:: Essays of Benjamin Franklin

Place of publication:: New York

Publisher:: G. P. Putnam's Sons

Year of publication:: 1927

Scope:: xi, 273 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: IV. The examination of Dr. Benjamin Franklin in the british house of commons

Collection:: Economics Books

THE STORY OF ARTIFICIAL SILK Fassini. They are men of great ability and ambition. Their aim is “to accomplish in the world’s textile industry what Henry Ford has done in the motor-car trade.” In the main, they are concentrating upon the making of the coarser and cheaper yarns. They are determined to make * Artificial Cotton ** As for the British Celanese Company, there is not much that can be said until its new Directors have been given a charce to carry out their policies. This company had a bad start. It was founded by the aid of the Government in 1911. It had a capital of £5,400,000, half of which was paid by the Government. At first it made enormous losses. It paid no dividend on its ordinary shares for 16 years. It was one more instance of the fact that State control is always disastrous. Then, in 1927, it was taken over by the Dreyfus brothers—two eminent Swiss chemists. The Government sold all its shares —sold them at the bottom. If it had waited a few months and sold at the top, it would have made a profit of £4,800,000. 2 3

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