PATENTS: Paraflow and Paradox

A classic case history in what's wrong with U.S. patent laws was told to the Senate Patents Committee last week. Thurman Arnold's men, as usual, played up the Nazi angle, since the case grew out of the relationships between Standard Oil Co. (N.J.) and I.G. Farbenindustrie. But their real point was that U.S. patent laws restrain U.S. trade:

Standard had a patented product called Paraflow, which miraculously lowers the temperature at which oil ceases to flow. The original product was an I.G. synthetic lubricant, but it was a Standard engineer who had...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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