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. 
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