Evening journal., 1916-03-15
DIVIDEND
IS PAID IN BONDS
Powder Company and Post
office Take Unusual Precau-
tiOnS TO Safeguard Mail
INSURE SECURITIES
AND REGISTER MAIL

Ofhcials OF 70. T. DUPONT de Ne
mours and Company today breathed a
little easier when they got about Sl2.-
10000 worth of Anglo-French five
per cent bonds OF their hands a,
part Of the quarterly dividend pay.
able The dividend was Ave per cent
cash and nineteen per cent. in Anglo
French bonds at 90. with coupons ~.
tached, the total dividend being equiv.
alent to twenty-four per cent and rep
rCsenting a distribution of about 49,
100000 cash and about S120OO.OOO par
value Anglo-trench bonds.
Distribution OF The bonds to the
stockholders proved an eNacting task.
The bonds we're issued i'm denomina.
tiOns OF one hundred dollars and up
wards, and all dividend payments of
bonds FOR less than one hundred dol
lars were issued In scrip that either
can be sold as fractional parts of a
bond or can be added TO and be cX-
changed for one bond OF one hundred
dollars par value. The DUPONT Com
pany Is not undertaking to redeem or
exchange scrip, but the Guaranty
Trust Company, OF New York, will re-
deem 500 face value of fractions for
one bond of par value of S1O0.
The fact that the bonds had cou-
pons attached and are readily negoti-
able required the greatest care by the
DUPONT Company and the Dostoflice
authorities to see that each bond
reached the stockholder for whom Il
was intended Persons connected
with the company's Offices i'm the du-
Pont building were personally handed
their dividend envelopes this morning
and were required 10 sign for them.
All other dividend contributions were
made by registered mail The letters
containing the checks and bonds We're
sent 20 the postofico yesterday and
last night I'm hatches All were check
ed mp personally by Postmaster eng
lish and his assistants Each letter
also was insured by The company
against loss OF the bonds.
After one batch of the dividend let
tCrs had been sorted and despafched
by train another batch was trans
ierred from the DUPONT building 10
the postoiice. The result was that
before midnight last night all the
outgoing dividends were on their way
10 their destinations, while those for
the city carriers were ready 10 be
distributed this morning. A system OF
double checking was followed 10
make sure that every dividend letter
received from the DUPONT Company
was started from the local postonicc
to the person 10 whom addressed.
As a further precaution. no more
than 5000 1000 worth of bonds we're
shipped on any one train leaving VIII.
mngton. This was done 10 hold
down the possibility OF loss from
train wreck or fire The pouches con.
tanning The bonds we're sent under
guard 10 the stations and were seen
safely ON an trains. Postmaster Eng.
/ llsh personally gave his attention no
the handling Of the dividend mail un.
III midnight last night. and the let.
lers Tor city distribution were locked
h hreprooi vault until they were
parceled out to the carriers this morn
lh zach person receiving a letfe,
containing a DUPONT dividend toda,
had 70 sign the registered mail re-
eeipt Tor It., as an additional checl
up against miscarriage of anv or m,
NaiuaDlc securities. Dividends fot
stockholders west Of TIE Rocky Noun
tains were mailed several days acc