Evening journal., 1910-02-15
DUPONT co.
HAD BIG YEAR
Contlnued From Pare One.


Continued From Page one.
loss account Of NsSii. sos IS, which latter
figures represent earnings re-invested in
The business since August. 1890. Since
August. 1908, the dividend disbursements
have been Si4,S20.5is.a0, or approximately
81 per cent OF the net receipts after pay
ing interest on bonds
President duPont's Report.
In his annual report T. Coleman du-
pont, president OF the company says.
The losth year Of our history has
brought 10 as a larger volume OF business
than that Of the year preceding. though
the record Of the year 1907 has not been
reached. However. as in the year 1908,
we have been able TO increase pronts
through the continuance OF a better or
sanitation and system than we had been
able TO develop in the earlier period. The
economies introduced after the panic OF
1901 have continued 10 bear fruit, and as
new expenditures were considerable cur
tailed. bur increase in profits has been ac-
companied by n verv large increase in
cash balances. Though tie pronts Of the
company have increased during the year,
We believe that they arc FAR from being
NANAAAN MEHNs since NAn REORGANIZATION
OF our company in August 1903. we have
reinvested in new factories and IN the
general development Of business the sub
stantial sum OF siS,Sl.s0S.s5 as shown on
The balance sheet In addition to THIS the
property has been further increased
through the sale OF sS.i57.0oo common
stock. This large increase IN investment
agereEating si7.24s. .e0SS5 ian amount equal
10 fr,saf -
common stock now outstanding IS en-
titled 10 a proper return which is not ex-
travagantiy represented IN the increase
Of earnings from s4iSs.7M in the year 100
TO s5,es1,l5s IN the year 1900.
owing to the contraction OF bushes.
during the years 1905 and 1900, enlarge
ment OF plant capacity has been curtaii
ed during this period. but the improve
ment both present and prospective, Il
the business. has justified resumption
OF our general policy Of providing 70
the necessary increase Of our capacit
and we have developed plans for sue
additional installations as will cover IA
immediate future requirements Of th
business. In the meantime we have nc
hesitated 10 abandon and write OF sue
parts OF our investment as have becom
sntiquated or badly situated with respes
20 trade. The depreciation fund accumt
lated for this purpose has been quite SUI
fcient. Our funds for insurance again,
accident and losses Of various kinds hcy
more than met the requirements OF n
year.
Stockholders Increase.
The suit OF tho United States Govern
ment against our company on account
\ alleged violations OF the Sherman Ant
Trust law stiil continues. The Cover
nent has closed its side OF the case, b,
in order to refute the allegations AGAIN.
us Il has been necessary TO call a gre.
number OF witnesses 10 testify IN our bl
half. Several months must vet elapse b
fore final decision can be made by n
courts.
As will be seen by inspection OF n
balance sheet, the current liabilities
tho company remain az minimum
while the working capital. including cas-
balances. has materially increased durin
the year.
The number OF stockholders Of the con
pany has Increased as shown below
19o9-l .315 Of whom 52i or 80 per cent. az
employees
1a0z s55 OF whom go or g per cent ar