i am gong to put on my lawyer's hat here, and split some hairs.
In one part of the statement, the chemist says:
"Yellow glues have qualities similar to those of white glues, but they contain polymers that speed tack time and improve moisture and creep resistance, at the expense of a slower cure"
and in the next he says:
"Borden's Elmer's Carpenter's Wood Glue and Franklin's Titebond are two of the best selling brands and are identical"
Which is it? Do the yellow glues have the "Certain Polymers" that make them different, or are they identical? The paragraph is self contradictory. In addition, the statement regarding the long cure time is true of Titebond. The luthier's I know all use 24 hours as a
cure time for Titebond. Could the presence or absence of these "certain polymers" be what makes Titebond different from Elmer's carpenter glue? Again, this is in the context of woodworking and not guitar building.
As for references, and with all due respect to Grit (who is a truly wonderful person, by the way), in Hideo Kamimoto book "Complete Repair Guide, on page 35, also says "Elmer's Glue-All" (is this the older form of Elmer's Carpenter's Glue?) is versatile and easy to use for a variety of miscellaneous gluings" (my understanding being for things like binding and fingerboard dots or rosettes). He says, in a further paragraph "A number of repairmen and builders report good results with Franklin Titebond, a synthetic glue, and this would be worth investigating if hide glue doesn't appeal to you." He is also of the school that hide glue is the best, and cites Franklin Titebond as a suitable replacement, by name, and the only suitable replacement for hide glue.
In Irving Sloan's book, "Steel String Guitar Construction", on page 27, second paragraph reads:
"Titebond (Franklin Glue Co.), a cream colored aliphatic resin glue is the glue principally recommended in this book. IT is much stronger and than polyvinyl resin emulasion glue (Elmer's Glue) and has a built in tack for a fast initial grabbingction. A high solids content gives it excellent gap filling ability, and important property in a glue for end grain joints.
.....
Titebond dries to a hard film of creamy translucence resistant to lacquer adn varnish solvents. It sands well and cures rapidly to with as short clamping time."
Sloan also repeats the "hide glue is the best glue" mantra.
Now, I am no chemist, and I do recognize that these books may not reflect the latest formulations of Elmer's Carpenter's Glue, but even over the intervening years, it has not changed that for guitars, the recommended glue is #1 Hide Glue, and #2 Titebond. It should also be noted that the only measurement of a glue's suitability for use in guitars is not just strength and creep resistance, but also the abiilty to release when repairs are needed. Hide glue is perfect for that, and Titebond is also good in this regard.
If you need further discussion on the pros and cons, see your local luthier. As for me, I was just trying to answer the orignal question, which is "This person gave me a some glue called Tite-Bond. Is this what I need." (from the original poster). My answer is YES, this is exactly what you need, and yes, in the opinion of the vast majority of the guitar makers, factories and repairers, this is both what you need, and it is a significant step up from carpenter's glue. I don't know what his repair skills are, but it won't be the glue that lets the repair down.
Kostas