The Penn's Grove record., 1919-06-13
OVER THE RIVER
A NEW Dupont COMPANY
To Hold Powder and Affiliated In
yestments, With View to
Development

There was filed at Dover, Delaware,
Monday, June the 9th, a charter
for the dupont Securities Company, a
new corporation organized with an
authorized capital of $3.50, 100000 Of
common capital stock. The incorpor-
ators are Pierre S. DUPONT, lrenee du-
Pont and j. j. Raskob. At the same
time an amendment to the charter Oh
the old dupont Securities Company
was filed, changing its name to Cen
eral Industries Co.
The purpose Of the organization Of
the new DUPONT Securities Company
is told in a letter which is being sent
to the common stockholders OF L. l. du-
Pont de Nemours & Co, and which
reads as fellows:
Wilmington, Del, June 10, 1919.
To the Common Stockholders OF &. l.
dupont de Nemours & Co.
The recent issued annual report OF
your Company called attention to the
eact that the directors fund is deslr-
able to invest a considerable part OF
our accumulated surplus and that in
making the investment, it vas found
necessary to go outside Of the original
field OF the CCmpanys pursuits, Up
portunities in like direction, partlcu-
larly in the motor field, will undoubt-
edlv occur in the future. A majority
of the stockholders at the last annual
meeting approved the directors policy
in this regard.
However, in order to enable each
stockholder to decide for himself as
to whether or not he cars to continue
to participate in these further oppor-
tunlties, a reorganization is deemed
desirable. To accomplish this, a new
corporation, the DUPONT Securities Co.,
has been organized, under the laws OF
Delaware, with an authorized capital
of $3.50, 900 900, consisting of 2,5OO,-
900 shares OF common stock of the par
value of 500 each. The name "du-
Pont Securities Company" has been
chosen as best indicating the character
of the new corporations activities.
The right to use this name has been
obtained from the corporation for
merly known as DUPONT Securities
Company, which has changed its name
to General Industries Company.
1t is intended that all future invest
ments apart from those in the eXplo-
sives and chemically allied industries
shall be made through the dupont
Securities Co., and that E. |. dupont
deNemours & Co. will confine its
future expansion to the explosives and
chemically allied industries.
The new DUPONT Securities Co. has
authorized us to extend to the COM
mon stockholders of E. l. DUPONT de
Nemours 4 Co., the privilege OF eX-
changing their common stock, share
LOT Share, for common stock OF the
n S,za,,+ioe 10 Enah StOnk-
holder making the exchange remains
in a position similar OF that OF To-Day;
that is, he will have the same proper
Tomato interest in all investments Oh
E. |. dupont de Nemours & Co., and
its subsidiaries and will subscribe 10
the broader policy OF investments,
whereas stockholders failing to make
the exchange will continue to ENJOY
the fruits of the Companys invest
mcnts as they exist today but Will not
participate in further expansion IN
fields foreign to the explosives
chemically allied industries.
Stockholders owing a majority OF
the common stock OF E. |. duPont de
Nemours & Co., including all OF your
directors, have agreed to exchange
their stock, and the exchange is rec
commended for the favorable consldefa-
ton of all the common stockholders
having confidence III the management
and its policy of employing available
funds in the broader opportunities for
investment.
Stockholders desiring to exchange
their stock should sign the enclosed
letter addressed to dupont Securities
Co, forwarding the same, together
with certificate of common stock OF
e. I. DUPONT de Nemours & Co., duly
endorsed in blank, to the Mercantile
Trust Co., 115 Broadway, New York
City. For convenience, an addressed
envelope is enclosed. Endorsement
signatures should be witnessed, and
the certificates should be forwarded
by registered mail, or by express, IN
sured.
This offer expires on August 10,
1919.
Bv order of the Board of Directors,
Pierre S. dupont, Chairman.