Every evening, Wilmington daily commercial., 1918-03-11
OCKHOLLERS OF
DU POINT COMP ANY
APPROVE OF BONUS
Vote Overwhelmingly IN Support
of Action of Corporation
Directors.
OPPONENTS MAKE PROTEST

Stockholders of T. du FONT dc
\emolrs Il Company. at their annual
meeting today gave approval 10 the
company S bonus plan for rCwardlng en-
ployps who have contributed largely to
tho success Of the business. They approx
"a an amendment 10 the Bylaws which
empowers the directors 90 continue and "a
alter or amend tho bonus plan The,
adopted resolutions approving the dis
/ tril utlon of the awards for tho years 1915
aud 1916
Another resolution was adopted ar-
proving the awards made during 1918 and
1916 to cmplovps who were also directors
of the company This resolution embodied
tho name. the position and the amount
awarded to each individual
These actions were taken in pursuance
Of a request made IN a letter sent by the
directors to the stock khoidcrs detailing
the attacks made in the courts on the
administration of the bonus plan hy
Alfred ! du pont and his associates This
letter gave detailed history OF the ad-
minstratlon' OF the bonus plan since ITS
adoption IN 1905 and asked that the
stockholders, after giving the facts care
fuI consideration, vote upon resolution
of ratl cation and approval Of the awards
Of each of them and the purchases or
securities for such awards
1 he present directors were all reelected
With the addition ot Charles A Patter
son. director of the explosives manufac-
dung department
The first resolution cmbodving th
GENERAL approval ui the bonus system
yas as follows
Resolved That the bonus plan as
amended and adopted by the board o
directors. October 35 1916. be approved
ratified and confirmed subject to altera
,ion or amendment from time TO tim,
n the board Of directors
The resolution authorizing the cnntinu
nee OF and changes IN the bonus plaI
provided
Section 9 The directors shall hav,
power to continue. and, from time to
time. to alter or amend q ho.us paI
or granting special compensation 10 thus'
of the companys S employees including
employees who are also directors. vino IL
the Judgment Of the directors have con
,ributed In an unusual degree To tho
success ut the company by their Invcn
tions, ability. industry or loyalty pro
vidcd. however. that no employe, WHO is
lso L director. shall receive a bonus unless
the same Is recommended bv the presl-
lent. and the recommendation Is APP
proved by committee Of at lca>t four
directors not receiving bonuses that year
The approval Of the general admins
tration oi the bonus system for 1871.
vas embodied in the following resolution
APPROVE BoNUs PLA~
Resolved. That the action OF the
board If directors with respect TO the
administration Of the bonus plan III pur-
chasing 20 shares Of the common stock
Of this company and 100 shares Of the
common stock Of T. | du Pont de Ne
nours Powder Co, At m aggregate cost
to this company Of So ,jSS 80, and IN
4warding an OF SAID stock under the
.,onus plan lis "a" bonuses for the year
1918, 70 employees named and in the
amounts set forth in the schedule Of "a
1omIs awards to employees for the year
1915 submitted to the stockholders at
thls meeting be approved. ratified and
confirmed and he il further
Resolved. That the action oi the
hoard of directors with respect to the
administration Of the bonus plan ia in
Continued on page