William H. Nichols
Encyclopedia
William Henry Nichols was a famous chemist and businessman who was instrumental in building the chemical supply business in the U.S. The specialty materials business of Honeywell
traces its roots back a small sulfuric acid
company he started in 1870. Nichols was one of the original founders of the American Chemical Society
, serving as president in 1918 and 1919. The New York
branch of the society gives a prestigious award every year that is named after him. He attended New York University
.
, helped organize the merger of 12 companies in 1899 to create General Chemical. Under his leadership, the company grew its asset base and increased its earnings threefold, making Nichols a force in America’s fledgling chemical industry. His vision of a bigger, better chemical company took off when he teamed up with investor Eugene Meyer
in 1920. Nichols and Meyer combined five smaller chemical companies to create the Allied Chemical & Dye Corporation, which later became Allied Chemical Corp., and eventually became part of AlliedSignal
, the forerunner of Honeywell’s specialty materials business. Both men have buildings named after them at Honeywell’s headquarters in Morristown, New Jersey
. His original plant along the Newtown Creek in Queens is infamous for its legacy of pollution. Nichols is rumored to have once emptied vats of excess sulfuric acid into the creek rather than sell it cheaply to a businessman he had no respect for.
It is this legacy of Nichols that is honored with an award named after him. The Nichols Medal is given each year by the New York Section of the American Chemical Society. Nichols himself first established an award in 1902, making it the first gold medal for original chemical research. In June of that year, he gave 10 shares of preferred stock in General Chemical to the American Chemical Society to endow the first award. In accepting the stock, the board of directors requested permission of Nichols to name the award "The Nichols Medal of the New York Section." Since the first award on January 9, 1903, the American Chemical Society's New York Section has named 97 Nichols Medalists. Sixteen have subsequently been awarded the Nobel Prize
for chemistry.
Initially, the medal award consisted of just the 18 carat gold Nichols Medal, whose design depicts the allegorical figure of Dr. Faust in his laboratory as described by Goethe. A bronze replica of the medal, to be used for display purposes, was later added to the award. There is also a cash award.
Honeywell
Honeywell International, Inc. is a major conglomerate company that produces a variety of consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments....
traces its roots back a small sulfuric acid
Sulfuric acid
Sulfuric acid is a strong mineral acid with the molecular formula . Its historical name is oil of vitriol. Pure sulfuric acid is a highly corrosive, colorless, viscous liquid. The salts of sulfuric acid are called sulfates...
company he started in 1870. Nichols was one of the original founders of the American Chemical Society
American Chemical Society
The American Chemical Society is a scientific society based in the United States that supports scientific inquiry in the field of chemistry. Founded in 1876 at New York University, the ACS currently has more than 161,000 members at all degree-levels and in all fields of chemistry, chemical...
, serving as president in 1918 and 1919. The New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
branch of the society gives a prestigious award every year that is named after him. He attended New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
.
Chemical business
Nichols, along with his son Charles W. NicholsCharles W. Nichols
Charles Walter Nichols and his father, William H. Nichols, helped organize the merger of 12 companies in 1899 to create General Chemical, which in 1921 joined four other companies to form Allied Chemical & Dye Corporation, a precursor to AlliedSignal, now owned by Honeywell as its specialty...
, helped organize the merger of 12 companies in 1899 to create General Chemical. Under his leadership, the company grew its asset base and increased its earnings threefold, making Nichols a force in America’s fledgling chemical industry. His vision of a bigger, better chemical company took off when he teamed up with investor Eugene Meyer
Eugene Meyer
Eugene Isaac Meyer was an American financier, public official, publisher of the Washington Post newspaper. He served as Chairman of the Federal Reserve from 1930 to 1933. He was the father of publisher Katharine Graham.-Biography:Born in Los Angeles, California, he was one of eight children of...
in 1920. Nichols and Meyer combined five smaller chemical companies to create the Allied Chemical & Dye Corporation, which later became Allied Chemical Corp., and eventually became part of AlliedSignal
AlliedSignal
AlliedSignal was an aerospace, automotive and engineering company that acquired and merged with Honeywell for $15 billion in 1999, after which the new group adopted the Honeywell name.AlliedSignal was created through a 1985 merger of Allied Corp...
, the forerunner of Honeywell’s specialty materials business. Both men have buildings named after them at Honeywell’s headquarters in Morristown, New Jersey
Morristown, New Jersey
Morristown is a town in Morris County, New Jersey, United States. As of the 2010 United States Census, the town population was 18,411. It is the county seat of Morris County. Morristown became characterized as "the military capital of the American Revolution" because of its strategic role in the...
. His original plant along the Newtown Creek in Queens is infamous for its legacy of pollution. Nichols is rumored to have once emptied vats of excess sulfuric acid into the creek rather than sell it cheaply to a businessman he had no respect for.
Nichols' legacy
The success of Nichols' companies can be traced to several notable principles that guided his career. First was his deep belief in research and development. Second was his support for science education and the students of chemistry. Third was his concern for the welfare of his employees. Most important was his often quoted belief that "the Golden Rule is as applicable in business as it is in church."It is this legacy of Nichols that is honored with an award named after him. The Nichols Medal is given each year by the New York Section of the American Chemical Society. Nichols himself first established an award in 1902, making it the first gold medal for original chemical research. In June of that year, he gave 10 shares of preferred stock in General Chemical to the American Chemical Society to endow the first award. In accepting the stock, the board of directors requested permission of Nichols to name the award "The Nichols Medal of the New York Section." Since the first award on January 9, 1903, the American Chemical Society's New York Section has named 97 Nichols Medalists. Sixteen have subsequently been awarded the Nobel Prize
Nobel Prize
The Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895...
for chemistry.
Initially, the medal award consisted of just the 18 carat gold Nichols Medal, whose design depicts the allegorical figure of Dr. Faust in his laboratory as described by Goethe. A bronze replica of the medal, to be used for display purposes, was later added to the award. There is also a cash award.
External links
- Honeywell Specialty Materials
- American Chemical Society
- List of Nichols Medalists
- Photo of Linus PaulingLinus PaulingLinus Carl Pauling was an American chemist, biochemist, peace activist, author, and educator. He was one of the most influential chemists in history and ranks among the most important scientists of the 20th century...
's Nichols Medal