Evening journal., 1909-04-03
Powder Firm Adopts a
Method TO Assist Its
Men in Acquiring Divi-
dend Paying Investment

Employees OF the T. l. DUPONT dc
Ncmours Powder Company win have
an opportunity 10 buy dividend paying
preferred stock in the corporation on
the installment plan. A method has
been devised and will be submitted 10
the men 10 give them an opportunity
to buy 1000 shares OF the preferred
stock on the easy payment plan. OF
course all employees have tho oppor-
tunity. like any other investors of buy
ing the company's stock in the open
market. but the company now offers it's
men 1000 shares OF preferred stock 60
he paid for IN small monthly Install
merits based on the buyers salary. An
inducemcnt Of an increase in salary
TO each purchaser who holds his stock
for hve years also is held out.
n the plan meets With favor among
the employees. 1t is intended TO make
a similar offer each year in the fu-
ture, excepting that the price az which
the stock may be offered. and the
amount Of stock offered. may vary
AT the present time there are in the
service of tho company about 1000
employees, who have been classified as
follows:
Class "a" those receiving $1,000 a
year or less; class b. those receiv-
ing $1,000 to s2.500 a year; class &C"
those receiving from $4,000 10 $500 a
year: class ID" those receiving more
than $1,000 a year.
Details Of the Plan.
During the present month there will
be offered 10 every employe of the
company the right to subscribe to a
part of the 1000 shares OF flve per
cent. cumulative preferred stock. and
each employe will be sent. blanks and
other particulars. In order TO give
everyone an equal chance under this
plan subscriptions will be limited for
those In Glass A, 70 a number of shares
whose par value will not exceed twenty
per cent. OF their salaries; Glass B. fif-
teen per cent; Glass c, ten per cent.
and Glass y. eight per cent. Of annual
salaries.
In the event OF the total subscrip-
tions amounting 10 more than the
shares OF stock offered. the snbscrip-
tion viii be filed in the order OF the
classes. which viii give the lowest
salaried men the preference. The other
classes win receive Ntock only II there
IS an excess Of stock over the sub
Ecription Of Glass A, or the other pre-
ceding class. II the stock is oversub-
rAAA0Nu DN dilN UIt Aidrrs IL VIII nt us
tributed proportionately to the sub
scribers in that class.
Arrange Easy Payments.
Payments viii be arranged to suit
the convenience OF the employc, and
may be made in fun at the time OF
the allotment. or may be made IN in
stallmcnts OF 50 per share as the mini
mu mmonthly payment. The employees
have the right to make other payments
as suits their convenience. except that
all payments must be made before the
tenth Of each month
Dividends on the stock from the
date on which the subscriber COM
mences 20 make payments will be paid
I'm cash, and at the time Of final settle
ment interest at the rate Of Eve per cent
viii be charged from the date Of the
subscription, and interest at the same
rate on the monthly payments will be
allowed.
In case an e'nploye should leave the
employment OF the company for an,
reason. or in case he should fail tt
make payments at the minimum rat,
provided in the offer. the subscription
win be cancelled, and the stock viii b,
delivered TO him in amount represented
by the amount already paid. fractiona
amounts to be adjusted in cash at tn
same rate per share as the price a
which the stack was originally sub.
scribed.
piscontinuance OF employment
through special leave Of absence. o
through temporary suspension on ac
count Of lack OF work OF illness. o
through permanent disablement in tn
service, shall not be considered as
break in the continuous employmen
Of the employe AS soon as the atoc
has been fully paid for a certifcat
will be issued in the name Of sub
scriber. who may then dispose Of Il a
he chooses, but as an inducement I
remain in the service OF the compan