Evening journal., 1915-03-01

answered, "That is a matter for the
board Of directors to decide. It is in
their hands"
When queried on the personnel Of
the syndicate, he said he was not at
liberty to give the names Of the 9TH
ers. 81 can only speak for myself"
he replied. He said, however, that
only those now active in the DUPONT
Company. are included.
The report of the E. !. DUPONT de-
Nemours Powder Company for the fis-
cal year ended December 81. 1914.
made public on Saturday. showed
gross earnings of $25, ,17O,947, o de-
crease of S1495,O61 from 1913: net
earnings. S5,6O3, ,153, an increase OF
/ S256,06S; and a surplus after diyi-
dends ana adjustments, of s1,S36,1 ,121,
a gain of S463.S6 over the previous
year The Increase in earnings de-
spite the poor general business con-
dition is explained. said Vicc-Presi-
dent Pierre S. dupont i'm the report,
by the activity in demand for military
explosives during the latter part Of
the year Comparatively small
amounts for new construction were
! expended during the year. excepting
| when the demand for military pow
ders called for increase in the capac-
ity of plants manufacturing that class
of explosives.
Such expenditures, continued Mr.
dupont, will not add materially 10
the capital investment OF the COM
pany. Owing to the comparatively
short duration OF demand, il will D,
necessary to write Off the value of tn,
new plant investment against earn
ings Of our military sales department
of the next year or two. The sale of 80
$4,000 par value Of the Hercules
Powder Company bonds has been sat
isfactorily carrid out and the com
pany has received thereby cash suf
icient for immediate needs. No othci
offers Of securities of any kind arr
in contemplation at present"
] While the DUPONT Powder COmpan,
always has been controlled by the du
Pont family. It has distributed largi
bonus every year in the shape OF cap
ital stock to its employees. so that the,
now have a very large interest in tn
business. The company has a tOta
outstanding capitalization of S62. SIS.
SIG. of which S29.397, 2S3 is in com
mon stock, S3l .426 common STOCK hcl
in reserve. Sl6.0CS.S01 preferred stool
S45.O06 preferred stock held in &C
serve, and Sl7.04e 600 funded debt. O
December 81 last the total asset
we're SS3.432.4 .445. of which S45 096
$50 represented permanent invesi
ment in manufacturing property, pa
ents. etc.
The company was incorporated !
May. 1903, in New Jersey. to consol
date into one corporation the yariou
explosive manufacturers controllc
by the old e. I. DUPONT dc Nemoul
Powder Company. The latter con
pany was the successor of the orig
nal partnership established in 1Sl
in Delaware. In 1913 a large part
the cOmpany's assets we're segregatC
into the Hercules and Atlas Powd,
Companies. created in aceordan,
with the decree Of the United Stat
Circuit Court
r. c. DUPONT is one Of the large
owners of the New Equitable bull
ing. The officers of the dupont Po,
der Company are: T. c. dupont, pre-
ident; II. NJ. Barksdale, vice-pres
I dent: e. c. Buckner, yice-presiden
l Alfred |. dupont, vice-president, al
- Irene and Pierre S. DUPONT, vic
. presidents. The treasurer is John
Raskob. The corporate Office of Il
company is at HOboken.