Business: Patents for Sale

WANTED: 'WELL-HEELED COMPANY TO BUY IN AS PARTNER OF STANDARD OIL CO. (N.J.) IN THE BUSINESS OF COLLECTING PROFITABLE FEES FROM HUNDREDS OF VALUABLE PATENTS. APPLICANTS WRITE TO OFFICE OF ALIEN PROPERTY, WASHINGTON, D.C.

In effect, Attorney General Herbert Brownell made just such an attractive offer this week to any U.S. businessmen with sufficient cash. He announced the Government will sell its 50% interest—exactly five shares of common stock—in Jasco, Inc., a World War II prize confiscated from Germany's I. G. Farbenindustries. Jasco owns the basic patents on just about every process used in synthetic rubber, from butadiene for...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!