The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-18
NO DISAGREEMENT
IN GENERAL MOTORS
Reports Of Struggle for Con-
troll Of Company Are
Denied.
NEW INTERESTS ENTER

The radical changes to he made in
the board OF directors OF the General
Motors Company. as announced with the
declaration OF the $50 special DIVIDEND
gave rise yesterday TO stories Of a
struggle In the company for control,
resulting in the enlargement of the board
from fourteen to seventeen and the en-
trance OF nine new directors.
The stories mad TO 10 with the re.
ascendency of W. c., Durant. bringing
with him other interests. Mr.. Durant,
as the originator of vne Buick car. was
practically the founder of the General
Motors aggregation OF companies. 1t
was during his administration OF the
property in 1910 that the j. & w. Selig-
man & co, Lee, Higginson x Co, bank
ing group. entered u affairs with the
heavy necessary iiuau ing that has re-
suited in it, building ~ TO the present
state OF prosperity. The voting trust
then started with the bankers In direc-
ton is 10 he dissolved on October /.
Mr.. Durant has continued TO be a direc-
tor and il said to be the largest indi-
vidual shareholder.
Connected with the stories Of the rc-
turn 20 power Of the original interests
witt new interests it was reported yes
te-day that there had been a split IN
opinion between them and the banking
interests on the question Of the $50
cash dividend. The latter were reported
t. have taken the stand that the more
conservative action would be a stock
dividend with a small cash bonus.
II was learned yesterday on high au-
thority that there was no fight for con-
. rnf tn sAA ., - Ne avl shns all NnfaF-
ests represented on the new board
nominated agreed that the cash divi-
lend OF $50 a share could we'll be af-
ford"d. Among the new interests who
appear on the board are Pierre du Pont,
president Of the du pont de Nemours
Powder Company Lammot Belin. dlrec-
tor Of the Aetna Explosives Company ;
:. r Pryor. general manage Of the
Crion Metallic Cartridge Company and
the Remington AIMS Company. and a
banking group among whom are l.. .
Kaufman. pres dent Of the Chatham X
PheuiN National Bank. in which the du
Points are Interested Albert II. Wig
sin, president OF the Chase National
Bank. and Charles II Sah.n. president
Of the Guaranty Trust Company.
The rine new directors r. prAseut prac-
tically all the large stock interests in
the company. many NJ which have been
held for some time. To this .Ntert the
complexion of the company's managing
directorate has been changed. but the
coming In 90 these new Interests was
not the result OF a fight for control
The policy OF the company will re-
main unchanged. = is stated. The en-
trance VI men 10 the board who have
been closely associated in war contract
business does not meau that Gen raj
Motors vii turn from domestic to war
order business.
p~residen. Nash ISSUED the following
statement Yesterday The imprs ssion
hat the company made It's profits out
o: war husiress IL entirely erroneous.
Il has not sold 81 worth OF war ma
teI.al from any Of its plants in the
UGiied States. II has not catered 20
war business. for the demand for our
product In his country has far exceeded
our ability 10 supply H."