Evening journal., 1916-02-26

the European war has again made
useless such comparison.
New world conditions found +. IL
DUPONT de Nemours Powder Company in
unique position. In this country our
company alone was possessed OF a most
complete organization and equipment for
the filling of moderate orders and for the
rapid enlargement OF factories for fur
ther production of materials suddenly
required in enormous quantities. In
consequence the officers and employees OF
the company have been called upon to
put forth their utmost efforts in order
to meet extraordinary demands Con-
tracts undertaken have required the de-
Signing and building of immense plants
whose construction and operation have
necessitated an increase in men employ
cd from $500 in October, 1914, to G2, los
ON January l., 1916. While every effort
has been made to give proper assistance
to those under pressure of work, too
much cannot be said in praise of the
splendid response to demands made upon
them by men throughout the entire or
ganization. Due TO this effort and co.
operation, the company has been able
to deliver nearly every pound of eNplOs-
ives on contract time and a very great
percentage of all contract deliveries
have been anticipated by large margins.
The record of the commercial busi-
ness of the company for the year
1915 was satisfactory. and there are
indications Of a large volume OF busi-
ness during the year 1916. Some new
lines of investment have begun to pay
well and others have passed their
trial stage and have added to the
earnings of the company.
"On December 3. 1915. all OF the
capital stock of The Arlington Com
pany, manufacturers Of 'Pyralin. a
high grade OF celluloid, was acquired.
This company has enjoyed prosper
GUS business for years, and its de-
velopment promises to add materially
to the income Of your company.
The laboratory and experimental
departments have been well main
tanned. and the company continues
to gain greatly through their opera
tions and discoveries. The test of the
year 1916 has been rigorous. for
changed conditions have required rapid
development Of new lines whose COM
pletion has added greatly 10 the
strength OK the cOmpany's position.
1T is hoped that new manufac-
lures will be developed to take the
place Of the abnormal military busi-
ness. but we cannot expect to employ
all of the large explosives plants re-
Gently built; we are therefore amor
tlzing this investment by heavy
charges against the profits OF this
temporary business.
In the year 1906 z. l. DUPONT de
Nemours Powder Company adopted
plan Of reward to those of the en-
ployes deserving or more than salary
and payroll compensation, with a view
TO encouraging them to further and
better effort. Under this plan Z per
cent. of the annual earnings of the
company-after payment of dividends
on preferred stock and 5 per cent. on
the common stOck-are invested in
the common stock OF the company. At
the end of each year the shares so
purchased are distributed as bonuses
TO those of the employees who have
contributed most to the success of
the company.
Distributions now equivalent TO
1926 shares of the common stock OF
E. /. dupont de Nemours Powder Com
pany and 25,452 shares Of the common
stock of E. 7. dupont de Nemours &
Company have been made under this
I plan for the years 1905 to 1914, inclu-
sive. There have been distributed
5.037 shares of the common stock OF
+. /. DUPONT de Nemours Powder Com
pany and 14,444 shares Of the common
stock OF f. l. DUPONT de Nemours &
Company or account of the earnings
for the year 1915. It is the belief of
/ the officers of the company that this
bonus plan has been of inestimable
value to the company at all times but
! especially so at a time when It has
been necessary to make unprecedented
demands upon the loyalty and ability
of our men.
"The directors have continued theii
endeavOr to interest the employees IN
the stock of the company and have
offered for subscription this year 5000
shares of debenture stock, making 9
total of 13,441 shares purchased by
employees since the inception of the
plan in the year 1909 The following
is a record of the number of stock
holders of the company that are EN-
ployes:
1907 500 of whom 21S, or 27%,
were employees.
1908 955 of whom 200, or 26%
we're employees.
l9O9-1335 OF whom 524, or 39S,
were employees.
191O-1695 OF whom 7G4, or 45%
we're employees.
4 1911-2163 of whom 800. or 45%
were employees.
19i2--2697 Of whom 144O, or 5S@
were employees.
\ F1913-2935 of whom 1O47, or 368
were employees.
1914-SO9S of whom 1884, or SSP
we're employees.
1915-3S40 of whom 1922, or 299
were employees.
(%Decrease due to loss Of emplOye
through organization Of the Hercule
and Atlast Powder COmpanies)
The 1H95 quarterly dividend on tn
outstanding preferred stock of Il.
lduPont de Nemours Powder Compan
has been paid throughout the yea
1915.
During the year 1915 common stoc
dividends have been paid as follows
SIC. l. DUPONT de NEMOURS Pow
DER COMPANY.
March 18th go paid in cash
June 18th 40 paid in cash
June 18th SO paid in At
las Powder Co. pref. stock.
Sept. 15th-109o paid in cash
/; e. /. DUPONT de NEMOURS & CT
Dec. 15th-30Q. paid in cash