Evening journal., 1918-03-11
VOTE APPROVAL OF
DU PONT BONUS PLAN
Continued from First Page.

against approval OF bonus awards be-
cause the question is pending in the
courts.
The present directors were all re-
elected with the addition OF Charles
A. Patterson. director OF Inc explosives
manufacturing department
The FIRST resolution embody;ng the
general approval Of the bonus system
was as follows:
Resolved. That the bonus plan as
amended and adopted 10y the board Of
directors October % 1916. be approved,
ratified and confirmed, subject 10 alter
alton or amendment from time 10 time
by the board OF directors
The resolution authorizing the con-
tinuance Of and changes in the bonus
plan provided.
section Q. The directors shall have
power TO continue, and, from time TO
time, 90 alter or amend, O. bonus plan
for granting special compensation 20
those 0r the company's employees, in
Guiding employees who are also direc-
tors. who In the Judgment Of the di-
rectors have contributed IN an unusual
degree 10 the success ~ the company
by their inventions, ability, industry
or loyalty; provided, however, that no
/ employe who is also o director, shall
receive a bonus unless the same is rec
! commended by the president and the
4 recommendation IS approved by COM
mttec OF at least four directors not
receiving bonuses that year.
Tho approval Of the general admin
istrat.on OF the bonus sysiem for 1915
was embodied In the following resolu-
tion:
Resolved, That the sctlon OF the
Boarl Of Directors with respect 10 the
administration Of the bonus plan In
purchasing 20 shares OF the common
stock Of this company and 100 shares
OF the common stock OF L. J. dupont
, de Nemours Powder Company. az an 0g-
b gregate cost % this company Of ST..
$3.50, and IN awarding an OF said stocl
; under the bonus plan as a bonuses fol
b the year 1915. 20 employees named anC
% In the amounts set forth in the schedule
OF A. bonus awards TO employees fo
. the year 1915. submitted % The stock
! holders az this meeting. be approved
ratified and confirmed; and be
: further
Resolved, that the action OF M
I Board OF Directors with respect 10 tn
- vestinc Gas per cent OF the company
! earnings for the year 1915, after On
I payment Of dcbenture stock dvi
!, dends and per cent. dividend on III
common stock, amounting 10 S3,15
: 32l s., In 80 shares of debentur
= stock and iii52 shares commo
= stock Of This company and 6256 share
- OF common stock OF f. J. dupont d
= Nemours Powder Company and award
VI ing all Of said stock under the bonu
plan as B. bonuses for the year i9i
:, as SET forth In the schedule Of award
8 10 employees for the year 1915, submit
# ted 20 the stockholders at this meetln
!. be approved. ratified and confirmed
:. Approval for 1916 bonus awards We
~ voiced in this form.
h Resolved, That the action Of n
Il Board Of Directors with respect 10 q
administration Of the bonus plan
o. purchasing 20 shares Of debenture stoC
Z and i,O97 shares Of common stock
d this company, at an aggregate cost
b. this company OF s29s, ,53S.01. and
awarding all OF said stock under Il
" bonus plan as A. bonuses for the ye
rs 1916 to the employees named and in q
k amounts set forth in the schedule Of b
n bonus awards to employees for the ye
he 1915, submitted TO the stockholders
ar tiis meeting, be approved, ratified al
al confirmed: and be It further
he Resolved, That the action Of
ne board OF directors with respect 70 {
u administration Of the bonus plan
he investing SIS per cent OF the cor
vn pany's earnings for the year 1916, ait
u the payment a dobeniure stock dir
Sc donds and per cent. dividend on {
NJ common stock, amounting 10 e6,5i
IN CTS 3S. IN IS o57 shares debenture sto
and 1928 shares common stock Of o
rs company. and awarding all OF s.
Of stock under the bonus plan as
m bonuses for the year 1916, as set FOR
nd In the schedule OF awards TO q
ployes for the year 1916, submitted
d. the stockholders at this meeting.
rs approved. ratified and confirmed"
The resolution which carried with
approval OF specific acts Of distribuu
70 employees who are also directl
OF the company embodied the same
tails as were given in the letter 81
. 10 the stockholders, including names
|V those who received stock and the nu
n ber ot shares they received.
" sketch OF New Director.
Charles A. Patterson, the newly ele
70 ed member Of the board OF directC
.es has come up through the ranks in
ato explosives manufacturing industry,
md is looked upon as a valuable addit
the 10 the board. He was graduated fr
Ad- the Wilmington Hign school in Il
J. and his first pos tion was as Office
ers with the Repauno Chemical Compa
dc He studied shorthand at night and
ely came a stenographer, working al {
Ind for a year. at the end Of which &
he entered the University Of Pennl
.ib- vania, ami graduated in the chem
ms. course in 1900, lie then took a posii
rOw as q chemist az the Repauno pl
the holding this for two years when
hes was put in charge Of the acid dep
'e ment and later in the powder dep
lere ment. In 1923 he was made assist
end surerintendent Of Repauno. In j
sese 1905. he became superintendent Of
lre. Forclte plant. aud was transferred
'een the superintendency Of the Barkso
Wis. plant IN August of the same y
ira He became superintendent Of
wing Hercules plant at Hercules, Cal
ress April, 1908. IN 1912 he was transfer
own 70 the superlntendency Of the Repa
the plant. He was made general su
Intendent Of the high explosives ope
ine department In May, 1918 became
sistant director April, 1917, and
VAR chosen director OF the explosives mi
ans featuring department. IN Docembe
, D. last year, succeed rs Major Williar
z Of ...L. Ior s~rwr fsfa fhr