The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-09-26


dustrial life of the country. not only in
big business operation. but in big H.
nance, by the DUPONT Remington
group was first discovered ten days
ago when the General Motors Com
pany issued its annual report and de-
clared its so per cent. special dividend.
1t was then announced that a new
board of directors was to be elected al
the Noyem her meeting. Nine new men
entered. The leaders in the new group
back of w. c. Durart in the company
are Pierre s, DUPONT, president of the
Il. /. DUPONT de Nemours Powder
Company. and s. +. Pryor. of the
Remington Arms Company. The Cen
eral Motors Company is next to the
Ford plant, the most phenomena!
money-maker in the automobile man
ufacturing business.
Agree On Big Things.
The entrance of the DuPonts until
the announcements OF the General Mo-
tors Company had made 1t clear that
the Remington people and the Du-
Points were working in agreement on
big things. was unexpected. During
last week buying Of Baldwin stock by
the Duponts has been frequently ru-
mored.
The Remington interests early III
the war order contract making
formed an alliance with the Baldwin
Company Remington had large or
ders for rifles that it could not turn
out al its own plants. which were
four months ahead. II had to get new
facilities The Baldwin Company was
selected as one of the best industrial
organizations possible for the job, be-
cause Of its mechanical ability. the
fact that Il was practically idle in its
NJ M ~, n
Eddystone and other plants it had
plenty of room for expansion. A con-
tract was entered into between the
two and one OF the allied govern
mentS whereby the Baldwin Company
was TO build a new plant for the rifle
making at Eddystone in which the
Remington Company was to operate
the business OF maxim rifles. The
building, which cost about 81 500. 900.
is TO become the property of the Bald
win Company when the contract is
finished, hut was paid for by the con
tracing government as part of the
contract On the rifles made by the
Remington at the Baldwin plant the
Baldwin Company gets a royalty OF $.
each. The total profit or the rifle
making. including the building ii is
estimated, will be between $4,000, coo
and S1,o00,00o TO the Baldwin Com
pauy.
Has Large Orders.
The Baiwwin campony has orders
estimated to total nearly $4,000, 600.
In addition 1t has $2a.oeo 200 of or
ders for locomotives for Russia and
France. II Is believed that the Du-
Pont- Remington group will leave the
present management OF the company
uniisturbed
The DuPonts OF Delaware are a
large and interesting family. There
are no less than ten Duponts on the
board Of the reorsanized powder
company. They are, besides Pierre s.
DUPONT. chairman or the board and
president OF the company, A Felix
DUPONT. Alexis r.. Alfred l., Eugene
E, Francis La, IL. F., Irene, Lammot
and William
John X. Raskob. formerly private
secretary 10 Pierre s. DUPONT and
now treasurer OF the powder company.
a man not out Of his thirties. is said to
be man of positive genius and one of
the leaders responsible for many of
the plans in which the DuPonts have
lately been making vast fortunes. The
plan Of reorganization of the powder
company recently announced was at
tribnted largely 10 him.
Fy this plan a company. with ap-
proNimately $4,000 o0 stock and
bonds. expa nded into one of about
$3.50. ooo, 600.
General T. Coleman DUPONT sold his
interest in the powder company long
before its stock had reached its big
value, He sold out at about zoe. The
stock has gone to 700 SINCE