Evening journal., 1915-09-20
NEW DUPONT STOCK
OUT BY OCTOBER IS
Stockholders Today Re-
ceive Letters Telling OF
Plan of Exchange
BOOKS CLOSE SEPT. 80
TO FACILITATE PLAN

Powder Company today received for
NAL letters from the company setting
forth that everything is now ready
for exchange Of the preferred stock |
and bonds of the old company for the |
new six per cent. debenture stock and |
also setting forth that the new COM
mon stock. two shares of which are
to be issued for every share of the
present common stock held, will be
ready for delivery about October is.
The books will close September 80 TO
permit of issuance of the new stock.
Exchange of six per cent stock in
the new company for the present five
per cent. pre- srred stock will be made
through the Bankers Trust Company
of New York, and new certificates will
be ready by October IS. The letters
received by stockholders today are
as follows:
Wilmington. Del, Sept Is, 1915.
To the Common Stockholders of e. !.
DUPONT de Nemours Powder Com
pany:
In accordance with plan announced
in letter to our stockholders, dated
August 10. 1915, the directors of our
company with the consent of more
than two-thirds of the stockholders
have sold the entire properties of the
company to z. /. DUPONT de Nemours
q Company, a Delaware corporation,
for $120,000,000 payable as follows:
S1,4S4.100 in cash.
s59,6 ,661 700 par value in debenture
stock of r. I. dupont de Nemours &
Company.
S5S,s54,2O0 par value in common
stock Of E. /. DUPONT de Nemours q
Company.
This is all Of the stock that will be
issued by Z. /. DUPONT de Nemours &
Company at this time. The properties
we're sold subject to lien or charge
of our . 1-2 per cent. bonds and +.
J. DUPONT de Nemours & Company as
sumed all of the liabilities of our
company except capital stock liability
and funded debt.
Our per cent bonds aggregating
81. .23O 100000 will be called for re-
demption under provisions of the
mortgage at 105 per cent and interest
There will be extended TO our 4 IL
per cent. bondholders opportunity to
exchange their 4 1-2 per cent bonds
at par for per cent cumulative nom
voting debenture stock Of z. L. du-
Pont de Nemours and Company at
par. which bonds when so exchanged
shall be retired and cancelled.
There will be extended to our pre-
ferred stockholders opportunity to
exchange their preferred stock at par
for 6 per cent. cumulative non-voting
debenture stock of E. /. dupont do
Nemours and Company at par, witt
the alternative opportunity of ex
changing their present 5 per cent
preferred stock at SS3 1-3, for pei
cent cumulative voting debentur'
stock Of f. l. dupont de Nemours and
Company at par. which preferreS
stock when so exchanged will be re
tired and not reissued.
A dividend Of 200 per cent on YOU
common stock has been declared pay
able in common stock of +. /. duPon
de Nemours and Company to our com
mon stockholders of record as of Sep
temher Both. 1915. on which date ou
transfer books for common stock vii
close and remain closed until Octobe
10th. 1915 during which time NJ
transfers of stock can be made. Thi
dividend will be payable as soon a
the new stock certificates are read
for delivery. which We estimate vii
be on or before October 18th, 1915
All persons who shall hold commo
stock Of this company as security 4
loans or advances when the transit
books close on September 30. should,
or before that date. either have suS
stock transferred to their own names,
secure from the pledgors duly execute
transfer powers covering the dividei
Of 300 per cent. in stock Of the new cor
pany. and obtain orders directing Il
powder company TO deliver to the pledg
the stock dividend which will be distri
uted only in the names Of the stockhol
ers Of record at the close Of business
September 30.
p. 7. DUPONT de Nemours Powder Co.
John J. Raskob, Treasurer.
Wilmington, Del. Sept IS. 1915.
TO the Preferred Stockholders of
]. DUPONT de Nemours Powder Cor
pany:
Tn accordance with letter Of OF
president, dated August 18th, 191
more than two-thirds Of our stoc
holders have consented TO the pli
outlined therein and accordingly Il
directors OF your company at a SD
clal meeting held September Sth so
our entire properties TO p. !. duFo
de Nemours & Company. new CO
poration organized under the laws
the State of Delaware. for the sum
S120.000,000 payable in cash al
common stock and debenture stock
the purchasing company as outlin
in said plan and authorized the trea
urer to extend TO our preferred stoo
holders opportunity to exchange th'
present 8 per cent cumulative pI
ferred stock in our company for
per cent. cumulative debenture sto
of p. l. DUPONT de Nemours & Co
pany under either Of the following
fers:
For each 800 par value Of our
5 per cent cumulative PREFER.
ed stock there will be offered
800 par value per cent cumu.
lative non-voting debenture stocl
Of z. l. DUPONT de Nemours &
Company. Thus. a person hold
ing one share of preferred stool
may exchange il for one share
Of debenture stock which will re
suit in 20 per cent. increase il
annual income; or
For each 800 par value of ou
per cent. cumulative preferred
stock there Will be offered $50 1-3
par value per cent. cumulative
voting debenture stock of r. /. du
Pont de Nemours & Company viii
the privilege to the holder Of thi
voting dphenftfrp stock of OK