New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-11-04
To the 41zS thirty-year
gold bondholders of E.
|. du. Point de Nemours
Powder Co.

oWaCt W.
Under the terms OF the hnal decree en-,
tered by tho Circuit Court OF the tntso
States In the suit OF United States OF Amer
lea against L. !. du Pont de Nemours POW
der Company and others. Il has been neces-
sary to create two new companies as 10 P.Is.
ware corporation, whose total assets VIII
gregate approximately sl3,oOO,ooo. d'i y,
Company will issue SO, 900 par Vaiue ao 81
g. ten-year gold bonds, redeemable at i've
and Interest. The estimated earnings OF the
Company are equal TO three times the ehiluS S
interest charge Of $4,000 on thea pm on
these bonds Will be guaranteed by L. l. du
Point de Nemours Powder Company.
The Atlas Powder Company. a Delaware
corporatlon whose total assets will aggre-
cate spproximateiy 81 OOO,O 900 This Com
pany Will issue SO 100000 par value OF o1S
ten-yesr gold bonds. redeenable az lUsso anu
interest. The estimated earnings OF tn
company are equal 10 three tiInes the annual
interest charge OF $4,000 on their pro-
posed bond issue. The entire interest on
these bonds will be guaranteed oy Z. l. au
port de Nemours Powder Company.
The Trust Agreements, under Which tnese
bonds will DO Issued, may be lhspscteu =,
the Office OF Guaranty Trust company OF
New York, AS soon as the foTnls OF bonus
are approved BY the Court. ,o,o
The decree requires that both tho 5000 200
os Hercules Powder Company bonds ana the
a. GOO 900 Of Atlas Powder Company bonds
shall DO delivered TO f. J. du Pont oe
Nemours Powder Company In part payneh.
Tor the property transferred by the latter 70
these two new companies; me usc.es 49, IA
20 Wit: IS, $50. 900 par value OF 80 teh-Seur
xold bonds ~ the Hercules Powder Company
and 81 5000 par value OF g. ten-yest so.u
bonds Of the Atlas Powder company OF 'H'
proceeds thereof shall be distributed.
T. I. III Pont de Nemours POWDER orr,
pany 20 comply with THIS CONDITION nay. SOL ,d
the bonds Just referred 70, 20 Wit, sJ.2y1OlU
Werculrs Powder Company, and sl,oOv )pJ
A,lcs Powder Company at par ana accrue
interest "a a syndicate with the proylsioa
however, thar the holders OF TIE NJ thirL!
wear cold bonds OF +. l. du Pont de Nemours
Powder Company shall be given the pnor
right 10 purchase these g.. bonds at par and
asT I5d W 5I;Srt H. @ Srtgyea gold bonds
OF r du P5ut De Nemours Powder Com
psny. valued al 5000 per bond.
= J. du Pont de EemOuTs Powder Com
many are, therefore nov extending 10 their
3B~ bondhoders the privilege OF subscribing
70 So. 600 900 OF Hercules Powder Company
bonds and $4,000. 900 Of Atlas Powder Com,
pany bonds under the following terms ana
isl, II no, exceeding slo.0Ooooo Of the
$40, bonds are offered for exchange. each
paT value Of Hercules Powder Company and
$500 par value IN bonds Of Atlas Powder
Company. I'm exchange for each SLoOO par
value In 4L.c; bonds OF the E !. du Pont
6s Nemours Powder Company held by him.
AS the total amount ot thcse new bonds
available for exchange aSgresatAs SH.OOO.o 600,
entire authorized issue ~ $4,000 900 z. I.
du POINT lie Nomcurs Powder Company 49,
bonds outstanding, the right is reserved 10
decrease the allotment pro rata 20 each bond
holder IN The event OF oyer-subscriptlon.
Thus. II only S1O0Oo,00o e. the 4hre bonds
are offered in exchange. holder OF $4,000
OF such bonds will receive:
5000 Hercules bonds at par. 5000
$4,000 Atlas - T" 5000
10000
ora c,u,o, bop6. a, botb ,ha G.rcuI.a
Powder Company and the Atlas Powder
Company VIII be issued IN $1,000 d.nomina-
lions ana registered bonds will be issued IN
OF 500 and multiple thereof.
Bird. The Courts decree provides that tho
Hercules Powder Company and the Atlas Pow
der Company shall not be liable for the pay
unless the earnings for their fiscal year are
sufficient TO meet such interest payments. As
fngs Of both the Hercules Powder Company
and the Atlas Powder Company are equal to
three times their bond interest payments and
IN nsT W q ;. .hs
teed by y. L du Pont de Nemours Powder
Company.
Ger are requested 70 deposit their Az bonds
OF r. l. du Pont Do Nemours Powder Co. with
December. 1912. and oil subsequent coupons
annexed, with the Guaranty Trust Company OF
New York. No. 2S Nassau Street. New York
city Upon receipt OF bonds deposited, the
Guaranty Trust Company OF New York will
Issue an interim receipt therefor, together with
a ch eek covering interest 10 December LIST on
the 49, bonds deposited. As soon as the
new bonds have been received by the Guaranty
Trust Company OF New York (Which II Is eN-
pected will DO about December 10, 1912, II Will
mail notice 10 the holders OF the interim re
ceipt- at the address then upon the books OF
the Guaranty Trust Company OF New York.
and upon surrender OF the interim receipts. new
bonds as therein called for will be delivered. to-
gether with the check for tho interest upon
the par value Of the new bonds for one month
from December LIST TO January LIST. at the rate
OF co per annum.
4th. This offer will expire on December lat
1912 and the Company reserves the right TO
reject any and all subscriptions received there
after.
VI I. DU POINT DID NEMOURs POWDER CO.,
PIERRE s. DU POINT
Treasurer.