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...major colleges and universities, Vance, Sanders & Co. of Boston described how the modern campus invests its money: 56% in common stocks, 29.1% in bonds, 5.8% in preferred stocks, 6.4% in mortgages, real estate and plant. Its favorite common stocks: Standard Oil (New Jersey), Christiana Securities, General Motors, General Electric, Du Pont, Standard Oil of California, Texas Co., International Paper, Union Carbide & Carbon, American Telephone & Telegraph...
Nevertheless, the companies that have delved most deeply into fundamentals have in most cases come up with the richest booty. Du Pont's nylon came from basic research into molecular structures started in 1927 by Du Pont's late famed Scientist Wallace Carothers. When Dr. Carothers found a way to simulate the long-chain molecules found in natural silk, Du Pont applied his findings to the development of nylon, which reached mass production in 1939, after five years and $27 million for applied research. European scientists were quick to capitalize on Carothers' findings, developed other synthetic fibers...
Some companies still contend that fundamental research should all be done on the campus, where it is free from sales-department pressure. Others work closely with universities. Du Pont helps keep in academic touch by retaining 70 university professors as consultants. Many company research centers, e.g., G.E.'s Schenectady laboratories, cultivate a "congenial" atmosphere of academic leisure. Industrial jobs frequently give top scientists greater freedom than university posts...
MONOPOLY PROSECUTIONS will be harder as a result of U.S. Supreme Court decision that Du Pont does not have a Cellophane monopoly. Court held that Du Pont's 69% of Cellophane market is not a monopoly because Cellophane faces competition from paper and other wrappings. Government in future will have to prove that a company not only has a monopoly with its product but also monopolizes the entire field...
Since the end of slavery, Negroes on the whole have followed the advice of Du Bois and others to seek their goals "by every civilized and peaceful method." This is perhaps one reason why they have invalidated in large measure the famous dictum of William Graham Sumner that "Stateways can not change folkways." Even in the depth of the depression in the early 1930's, only about 2,400 Negroes joined the Communist Party. The loyalty of what has been America's most oppressed minority to the principles of democracy is not the least significant contribution of Negroes...