Evening journal., 1913-02-19
DUPONT co.
IS FINALLY
DISSOLVED
United States Court Approves
Of Creation Of Three
New Concerns
HERCULES, ATLAS AND
DUPONT COS. HOLD PLANT

The iinal decree in the Government
proceedings for dissolying the DUPONT
Powder Company was entered yester-
day in the United States District
Court for Delaware, approving the
report Of the Z. /. DUPONT de Nemours
Company and 26 other defendants as
to the method Of the dissolution The
announcement was made in THE
EVENING JOURNAL yesterday The
decree concludes:
1t is further ordered adiudged
and decreed that jurisdiction of this
cause is retained by this Court, for
the purpose of making such other
and further orders and decrees as
may become necessary"
With the dissolution OF the company
the incorporation under the laws of
Delaware of two companies is ap-
proved The authorized capital Of
the two companies aggregates si5.-
100000. Referring to these corpOr-
ations, the decree says:
Counsel for the United States,
while not eonsenting. does not object
TO the capitalization of the Hercules
Powder Company and the Atlas Pow
der Company (the two new companies
provided for in the plan Of dissolu-
tionl set forth in said reports"
The report sets out that the E. /.
DUPONT de NemOurs Powder Company
the Hazard Powder Company the
Delaware Securities Company, the
Eastern Dynamite Company, the Cal
ifornia Investment Company, the Jud-
son Dynamite and Powder Company
and the Latin & Rand Powder Com
pany have all been dissolved; that
two new corporations, namely, the
Hercules Powder Company and the
Atlas Powder Company. have been
organized under the corporation laws
OF Delaware, which. with the DUPONT
Powder Company, make three separ-
ate corporations now engaged in the
business.
Organization OF New Concerns.
The Hercules Powder Company has
capital stock of S1O,0O000O divided
into 100000 shares. The officers and
directors are r. H. Dunham, presi-
dent; J. T. Skelly. vice president; T.
W. Bacchus. vice president; G. H.
Markell, secretary and treasurer, and
f. w. Stark.
The Atlas Powder Company has a
capital stock of S5.OO0.OOO. divided
q into $4,000 shares. and its officers and
directors are: W. j. Webster presi-
dent; j. f. Van Leer. vice president;
W. A. Layfield, vice president; e. p
Coy, secretary and treasurer ant
John 5. Scott.
None of these persons has ovei
been an officer or director Of the du.
Pont Co.. bat all we're employees ex
perienced in the business.
AppOrti0ning the Plants.
The following plants have beer
transferred to. the Hercules Powde
Company: For the manufacture o
dynamite the plants at Kenville. y
j.; Marqutte, Mich, and PinOle, Cal
For the manufacture of blasting pow
der. the plants at Rosendale, ~ Y.
Ringtown, Pa; Youngstown, o..
Pleasant Prairie. Wis; Turck, Kan.
and Santa Cruz. Cal. For the manu-
facture OF sporting powder the plants
at Hazardville, Conn, and Schaghti
coke, n. Y.
The Atlas Powder Company vii
own and operate the plants for the
manufacture of dynamite at Hopat
cong, n. j.; Senter, Mich; Atlas, Mo.
and Vigorit, Cal, and the powder
plants at Riker, Pa; Shenandoah
Po.; Ooltewah. Pa: Belleville, H.
lAAcUuA Hhf MAN, anu dNA'AcOnf "
The valuation of the Hercules Com
panys plants. together with the con
tracts, patent rights, processes, trade
marks. brands. good will aud othe
intangible property included in thl
transfer. is S13.000,O00, and of tn
Atlas Powder Company, S6,000,0O0.
What the duPonts Keep.
The dupont Powder Company, il
addition to the plants at Carney
Point ~ j., and Haskell, \. j., TO
the manufacture of smOkeless pow
der principally for the United State
army and navy. retain the plants a
Ashburn. Mo-. Barksdale, Wis, du
Pont, Wash, Emporium, Pa, Hartfor'
City Ind, Louviers. Col, Gibbstown
y. J.; Lewisburg Ala. for the manu-
facturo of dynamite and for the man
ufacture of blasting powder the plant
at Augusta, Col, Copuayks. Ala, OIL
phant Furnace. Pa. Nooar, Ia, Ne
mours W. Va. and Wilpen, Mimi, an
for the manufacture OF sporting pow
der, the plants at Brandywine, an
Wayne. y. J. The valuation place
on these plants is SlO,S14,70S.75.
There were 27 companies name
as defendants I'm the suit of the Gov
ernment to dissolve the company, an
according TO the report the Court
decree has ben complied with, and b
the formation of the two new com
panies and the distribution anon
them of the different plants and othe
property the DUPONT Company no'
retains 5S per cent. of the dynamit
capacity and 490S per cent of tn
powder business.