Evening journal., 1918-08-27
GIVES 100000
ANNUALLY FOR
WELFARE WORK
Continued from first page.

ANohtihuSu iTOln ufbL page.
tions, to promote needed improve
ments, and to bring conditions and
remedies to the attention OF the people
by every known means Of publicity; /;
and
Whereas, Pierre S. dupont. of Will
Hllngton, Delaware, is a member Of said
society, is greatly interested in its sue
cess and the objects sought to be at
tained by II. and is desirous OF provld-
ing II with funds. for a limited period
TO help 1t in the attainment Of its OBJ
lects and TO ascertain whether Il will
be an effective agency for good, and, to
that end, desires hereby to establish
a trust fund, for a limited period in
the custody OF the trustees, herein
after named, to apply the income aris-
ing therefrom In furtherance Of the OBJ
jects OF said society; and
Whereas, The said Pierre s. dupont
has this day assigned transferred and
delivered unto John j. Raskob and II.
Rodney Sharp, fifteen thousand shares
OF the debenture stock Of T.. /. dupont
de Nemours and Company, to constl-
tute the trust fund hereinaboye mem
toned:
Now, Therefore, In consideration Of
the premises, II IS hereby acknowl-
edged, convenanted and agreed by and
between and said Pierre S. dupont
hereinafter called the "Settlor," party
Of the first part and the said John
]. Raskob and II. Rodney Sharp, here
matter called the Trustees" parties Of
the second part, as follows, TO wit:
FI.mN IA -I.n IT.. ..1r
were assigned, transferred and deliver
ed, and are now held by the said trus-
tees, for the following purposes, to
wit For the period Of four years from
the date hereof to collect and receive
the income arising therefrom, and, af-
ter deducting all necessary expenses
connected with the execution Of the
trust. TO pay over the net income aris-
ing from said trust fund to the treas
urer OF the said Service Citizens OF
Delaware" to be used for the purposes
of the said society or otherwise as
may be directed by the finance com
mittee or said society; and, at the eX-
plratlon Of four years from the date
hereof. I'm trust, TO re-assign, transfer
and deliver said shares Of stock unto
the said settlor. or. in case he be then
deceased. unto his personal representa-
tive. or representatives, to be disposed
Of as a part OF his estate, free and dis
charged from any trust whatsoever.
"(2) In case both the said trustees
should die before the end OF the term
for which this trust is created, then
the personal representative, or repre-
sentatiyes, OF the last surviving trus-
tee shall assign. transfer and deliver
said shares OF stock or such other Sc
curlties as may then constitute the
said trust fund, unto such new trus-
tee or trustees, as shall be appointed
and designated in writing by the sald
settlor. or, in case OF his death, Dy
his personal representative, or repre-
sentatves."
Mr.. dupont made his offer to finance
the activities Of the organization In the
following letter: 80
"Flnance Committee Of the Service
Citizens Of Delaware.
! Gentlemen stated to the Executive
Committee at its Dover meeting, on
August 8. that / proposed to set aside
a trust fund. the income OF which, $40
600 per annum, should be available
for the purposes Of the Service Citi-
zens of Delaware for a period OF four
years. The trustees are to hold the
securities and turn over the income TO
the treasurer OF the society without
condition as to its disposition II the
income should prove more than sum-
cient for the purpose Of the society
in the work now proposed, l recon-
mend that the board Of managers use
the surplus funds for such permanent
public or charitable work In Delaware
as may seem best TO them. This sug-
gestion will serve TO extend rather than
curtail the use Of the fund.
"In making this financial provision
for the society / wish TO impress upon
the members Of the finance committee
in fact. upon all members of the so
ciety my wish that the use Of the fund
be considered entirely without refer
ence to It's source. l believe, sincerely,
that the best results are TO be OBJ
tanned through the collective effort Of
the members Of the society. All must
express themselves candidly and un-
selfshly and those in charge Of the af-
! fairs Of the society must formulate
their policy after carefully weighing
opinions Of all. The purpose Of the
society Will be largely defeated il the
managers or their committee should In
any way defer TO my opinions or
wishes on account Of my having pro
vlded the funds.
Enclosed herewith please flnd form
Of trust which is purposely made brief.
VIII the members Of the finance com
mlttee make suggestions OF appropriate
additions or alterations?
VERY truly yours,
"tSigned) PIERRE s. DU PONT."
Mr.. dupont has provided an additional
fund In order that the organization may
be able to pay for work already done
| .lonr AZ liz Of a. nnIL.-llin. and haMn