Every evening, Wilmington daily commercial., 1918-03-11
STOCKHOLDERS OF
DU POINT COMPANY
Continued from page l


and so dividend ON common stock,
amounting to S3,775, ,327.S2, in 1,25O
shares of dcbenture stock and l4,452
shares of common stock of this company
and 6.2S6 shares of common stock OF
H. / du Pont dc NemOurs Powder Co,
and awarding all of said stock under the
bonus plan rs ''B' bonuses for the year
1915. as set forth in the schedule of awards
to employees for the year 1915, submitted
To the stockholders at this meeting,
be approved, ratified and confirmed.
Approval for 1916 bonus awards WAS
voiced in this form:
Resolved, That the action OF the board
of directors with respect TO the admins
tration of the bonus plan in purchasing
20 shares of debenture stock and 1907
shares of common stock OF this company,
at an aggregate cost to this company OF
S29S, ,53S OF; and In awarding all Of said
stock under the bonus plan rs N
| bonuses for the year 1916 To the empioyfs
named and in the amounts set forth In
, the schedule of a. bonus awards to
employees for the. year 1916, submitted
| to the stockholders at this meeting be APP
proved, ratified and coniirmed and I've
| II further
"Resolvcd. That the action of the board
| tration of the bonus plan in investing
5.S5 per cent of the company's earnings
for the year 1916, after the payment Of
! debenture stock dividends and ) per cent
| dividend on the common stock, amounting
| to ST, 5l4, ,615.3S, IN i4.957 shares de
| bcnture stock and l9, 263 shares common
stock of thus company, and awarding
| all Of said stock under the bonus plan as
'B'' bonuses for the year 1916, as set
forth In the schedule OF awards to Gnu
| ployes for the wear 1916, submitted to
| the stockholders at this meeting, be
| approved, ratified and confirmed
The resolution which carried with 1t
| approval and specific acts Of distrlh,l-
| ton 10 employees who are also directors
| of the company embodied the same de
| tails as were gwen In the letter sent tn
| the stockholders and was rs follows.
For 1915 employe -Ircnec du Pont,
chairman of executive committee. No.
of shares, 400 common, cost TO company
! SS3, ,l32; Lammot du Pont director black
powder operating department, 200 COM
| mon, SAL 500; A. Felix du Pont. assistant
manager smokelcss powder operating
department, 1856 common, SIS, f4S.55,
John j. Raskob, treasurer, 200 common,
sfl, 500; Il. T. NJ. Carpenter, director Of
| development department, 200 common,
| S41, ,566; William Coyne, director com
mcrcial sales and traffic department, POO
| common, s41 500; II. G.. Haskell, direc-
| tor high explosives operating depart
nent, 325 cornmun So .54i rs. III r
Brown, director srnokelesS and military
powder operating department 650 com
mon, Sl35, ,0S9.50; J. r. Laffcy, manager
| legal department, 130 common, s21.-
! 017.90; Alexis l. du Pont, secretary Of
! the company. Is common. s., 7Ol 70,
| f. L. Connable in charge Of special pur-
| chases, 100 common, 500 7S}: r. g Buck
| ner, manager OF military sales depart
/ nent, 625 common, Sl29 S9S rs, l. G..
| Buckner, manager Of military sales de-
! partment. 1,250 debenture, Sl34 Cos ;.
! f. G. Buckner, manager of military salcS
| department I,25O powder common. Sl26.-
| $50 so; E. G. Buckner manager q mill
/ tgry sales department. cash, $3.50 600,
| Henry Belln. Jr president and manager
| OF T. du Pont dc Ncmours 4 60. of
| PENNSYLVANIA. - common, S5,l95.e5.
F! total, 3,255 common. 1880 dcbcniurc,
$50 powder common. sllS1 .322 -
For 1916 cTnployc Nilham Coync,
director commercial sales and traffic dc
partment, No Of shares. 307 common
cost 10 company. S7s745.50; II q Has.
keIl, director high explosives department
/ 3O7 common, SIS 1850; H. + Brown.
director snokeless and military powder
| operating department, l.03N common,
SPOT, ,247; J. T. I.affey, manager ot legal
department, $50 common. SIS. 475; Alexis
| ] du Pont secretary, 20 common, 95
$50; F. G. Tallman, director Of purchasing
department, 500 common, sl2S,25O; r.
L. Connable, In charge Of special pllr-
chases. 307 common, S7S,745.50: II. NJ.
| Barksdale, assistant 70 president, Isl
common, s39, sol, T.. G. Buckner, man
ager military sales department. 400
debenture, $3.50, SOL; total PISS common,
2,400 debenture, $500, ,343 so
Henry Z Brown, OF counsel Tor tbs
Alfred |. du Pont faction was present
at the meeting and filed protests against
voting any OF the bonus stock on the
resolutions. also against voting any O
the stock awarded as dividends on th'
T. Coleman du Pont stock held by tbs
du Pont Securities Co. or any one else
He also filed d protest against votinl
! approval OF the bonus awards gwen dur
ing the years 1915 and 1916 Oh the grounC
that the subject is DOW | Z court.
RIsE OF Mr.. PATTERSON
Charles A. Patterson, the newly-electeC
| member of the board OF directors, ha'
| come up through the ranks Ii the explo
sives manufacturing industry and L
looked upon as d valuable addition u
the board He was graduated from tht
Wilmington High School in 1894 and IN
first position was as Office boy with The
Repauno Chemical Co He studied short
hand at night and became q stenogTaphe
working Tor a wear At the end of whjcE
time he entered the niversIt. oi PEI n
s.Ivania. and graduated ia the cheHlir;,
course III 1900. lie then took q position
as q chemist at the I.epauno plant, hold
ing this for two years when he was pu
in charge of the acid department and
later in the powder department. In 1870;
he was made assistant superintendent
of Repauno In June, 1906, he became
guperintendent Of the FOrcite plant ano
was transferred to the superintenden0
of the Barksdalc, Wis. plant in Angus
of the same year He became super
intendent of the Hercules plant 1t Her
cules Gal. il April 1905 Ia 1912 he WI.
transferred to the s,Iperlntendency Of The
Repauuo plant lie was made genera
| surefiDtendcnt Of the high explosives
operating department ~ May, 1916
became assistant director April, 1917
and Wac chosen director of the explosives
man thacturlng department IN Deccm
Der Of last year, succeeding Major WI
liam G Spruance, who had gone into the
government service
MIR. Patterson was born III Mmcrsvlllc
| Pa. April 9, 1876, and was the son OF
| Genrge Patterson. deceased formerly