The Penn's Grove record., 1915-08-27
VbL..37, NO. IS
CUT BIC MELON
IMMENSE WAR PROFIT MAKE 200 PER
CENT STOCK DIVIDENDS

The rush orders for
smokeless powder received from the
Allies by the DUPONT Powder Company
has made immense profits. h Com
pany has not only been able to make
e~xtravagant expenditures for enlarge
ment of their several powder making
plants, pay higher wages than other
industries, but also declare a profit
of 200 per cent. on the capital stock OF
the Company.
The capital stock of the old E. I. du-
Pont de Nemours Powder Company
is $29,427 100 common. The Company
is Incorporated under the laws of New
Jersey. A new company will be in
c~orporated under the more liberal laws
of Delaware.
The new company will have three
classe of stock; 6 per cent. cumulative
nonvoting debenture stock, 6 per cent.
cumulative voting debenture stock,
and common stock. Except as to vot-
ing overs the rights of the debenture
stocks are identical.
BUYS UP OLD COMPANY
The E. l. du Pont de Nemours & Co..
of Delaware will purchase all the as
sets and assume all the liabilities of the
old company for the sum of $120,OOO,-
900 on the following terms:
$1,484, 100 cash.
$50, 661, 700 par value an debenture
stock.
5S,S54,2OO PAL value in common
stock.
This will be all the stock isued by
the E. I. du Pont de Nemours & Co.
at this time.
All the common stock of the E. L.
du Pont de Nemours & Co. will be dis
tributed to the common stockholders
Of the E. I. DUPONT de Nemours Pow
der Co. as a dividend.
There is $58, 854,200 common stock in
the new company. In other words, a
person holding one share of common
stock in the old company will continue
to hold it and in addition will receive
two shares of the common stock OF the
new company.
The plan calls for the redemption in
cash of the old company's 5 per cent.
bonds, of which there are outstanding
81, 100000.
TERMS OF THE OFFER
The offer is made to purchase the
old company's 4 IL per cent. bonds,
of which there are outstanding $14.-
166,00 at par, payable in 6 per cent.
~non-voting d~ebenture stock of E. l.
du Pont de Nemours & Co. at par.
Thus a person holding $1,000 par val
ne 4 IL per cent. bonds will receive
in payment therefor $1,000 par value
6 per cent. debenture stock.
The old company's 5 per cent. pre-
ferred stockholders will be given the
opportunity to accept either of the
following offers:
~ 111L. Q1nn 1ou uo1,ra IF < nov
cent cumulative preferred, there will
be offered 800 par value 6 per cent.
cumulative ~non-voting debenture stock
of the new company. On this ex-
change there is a 20 per cent. increase
in annual income for the stakeholder.
For each 800 par value of 5 per
cent. cumulative preferred stock there
will be offered $83 1-3 par value 8
per cent. voting debenture stock of
thu new company, with the privilege
td the holder of this voting debenture
stock of exchanging for non-voting
debenture stock at any time prior to
April 25, 1915, receiving therefor 500
par value, ~non-voting debenture stock
for each $83 1-3 of voting debenture
stock.
PERSONNEL OF THE COMPANY
1t is officially announced that the
personnel of the directorate and the
management of E. L. du Pont de Ne
mours & Company of Delaware will
be identical with that of the present
company, which is as follows:
OFFICERS
President-Pierre s.. DUPONT.
Vice-presidents-H. NJ. Barksdale,
E. G.. Buckner, Frank i. Connable,
Alfred l. DUPONT, Irenee DUPONT, Will
liam DUPONT, J.. A. Haskell, Charles
L. Patterson.
Secretary-Alexis I. dupont.
Treasurer-John J. Raskob.
Directors-P. S. DUPONT, chairman;
Henry Belin, Jr., H. F. Brown, E. G.
Buckner, R. R. M. Carpenter, Frank
L. Connable, William Coyne, A. Felix
dupont, Alexis /. DUPONT, Alfred l.
DUPONT, Eugene e. DUPONT, Francis
/ dupont. H. r. DUPONT, Irenee du-
Pont, Lammot DUPONT, William du-
Point, H. G. Haskell, J. A. Haskell,
J. p. Laffey, Charles l.. Paterson,
John ]. Raskob.
Finance Committee. S. DUPONT,
chairman; Alfred 1. dupont. Irenee
DUPONT, William DUPONT, John j..
Raskob.
Executive Committee-Irenee du-
Pont, chairman; H. F. Brown, R. R.
NJ. Carpenter, Frank L. Connable,
William Coyne, Lammont DUPONT, H.
G. Haskell, John J. Raskob.
Millinery Opening