Talk:Herbert Henry Dow
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Concerning the section which currently states:
"Dow moved to Ohio and, after perfecting a process to extract chlorine and caustic soda from sodium chloride, he founded the Dow Process Company in Cleveland in 1895 with money borrowed from National Carbon Company later known as Union Carbide."
I would like to suggest the following edit to this text:
"After developing a process to extract chloride and caustic soda from sodium chloride, Dow sought funding from potential backers in Cleveland, including family friends and former Case School of Applied Science classmates, and secured funding from James T. Pardee, Albert W. Smith, J.H. Osborn, and Cady Staley to found the Dow Process Company and develop the production mechanism for his process."
My reasons for these changes to the text are as follows:
In 1895 Herbert Dow moved his family to Massillon, OH and built the plant for the newly-formed Dow Process Company in nearby Navarre in order to develop and perfect the bleach-making process in a production setting.
As regards the finances that formed the Dow Process Company, the funds came from Herbert Dow's own investment and the help of four backers and personal friends: James T. Pardee, Albert W. Smith, J.H. Osborn, and Cady Staley.
Pardee was a civil engineer for the City of Cleveland and a former Case School of Applied Science classmate of Dow's. He provided the largest investment and was the majority shareholder.
Smith was a professor at Case.
Osborn was an executive of the National Carbon Company, and a long-time family friend of the Dow's.
Staley was president of the Case School of Applied Science.
As the funding for the Dow Process Company did not come from investment by any company or school, but rather from the personal investments of the four backers, the new text clarifies their relationship.
The sources for the above information are Herbert H. Dow, Pioneer in Creative Chemistry, The Dow Story, Growth Company, Dow Chemical's First Century, and "The Mystery Man from Massillon," Timeline, July/August 2003. PostStreetArchivist 13:18, 30 October 2007 (UTC)
[edit] Introduction
Based on the information in the holdings of the Post Street Archives, Charles Nold was not among the original 57 stockholders of the Dow Chemical Company, nor is he listed in the payroll records from 1897 July/Aug. I will be making an appropriate edit to this section. PostStreetArchivist (talk) 12:58, 10 March 2008 (UTC)poststreetarchivist
