Evening journal., 1919-03-05

H. Fletcher Brown, smokeless powder
operations.
Robert X. NJ Carpenter, development
work
Frank L. Connablc special purchasing
William Coyne, sales.
Lammot DUPONT, miscellaneous man
ufacturing operations.
Harry G. Haskell, explosives manu-
featuring operations.
John j. Raskob, finance.
/ Frank G.. Tallman, purchases.
; All of whom have held Office through
out the four year period. Each of these
men, excepting Mr.. Irenee DUPONT, who
/ occupies position equivalent TO that of
| general manager, though not so named,
! is at the head of the important depart
ment indicated in addition 10 his duties
as u member OF the Executive Commit
/ tee and Vice President. During the four
/ years, l0l5-l0lS, this Executive Com
mittce has held 334 formal meetings and
has acted upon $500 subjects, of which
1886 were embodied in written reports
IL is appropriate TO mention also the
heads of the other chief departments:
Colonel Edmund G.. Buckner, Mill
tary Sales.
Major William G.. Ramsay. followed
by Mr.. Harry NJ. Pierce, Engineering.
DIR. Charles L. Reese, Laboratories
and Research
Daniel Caufliel, Real Estate.
William a. Simonton. Traffic.
John p. Laifcy, Chief Counsel
These sixteen men have been constant
in their attention TO the affairs of the
company and have ably managed the
great work entrusted to their joint and
individual direction. They have been
supported by an efficient corps of asss-
tants whose number at the beginning of
the war was 90 men, receiving annual
salaries of $4,000 or more. At the cessa-
tion of hostilties there were 250 such
men in the employ of the company.
During the four-year period nearly 90
per cent. of the original men in the above
group, excluding those pensioned or re-
signed for military service have advanc-
ed themselves, and none has failed to
make good at the work allotted him.
Among the greater number that have
come into the employ of the company
during the war period, nearly 20 per cent.
have been advanced, and there is no
case of discharge for cause or for failure
to make good in the work allotted. To
the wonderful performance of these men
is traced the chief source of the very
satisfactory results obtained for the
stockholders.
In calling attention to the leading men
in the company and to their uniform sue
cess in carving out their work il is
not intended TO minimize the Importance
of other employees at one time number
ing over 10000 nor TO leave unrecogniz-
ed their share in the whole. This large
body of men, the greater number OF
whom were new in their employment
with the company, have carried their
burden and executed their work in a
highly satisfactory manner. Though
S,497 of them yielded to the call to the
colors during the war, it was necessary
for the company TO ask for exemption
from military service for the greater
part of its employees. This exemption /.
was a keen disappointment to many. es-
pecially TO the younger men; il is there Z
fore proper to acknowledge the superior .
Importance of their civilian work. the 4
satisfactory way in which their duties .
were carried out and the very marked .
effect that their success has had upon
the termination of the war.
The record of the company during the .
war would not be complete without /
notice of losses sustained through death. /
fortunately very few in number, cNclu-
slve OF those killed in accidents.
The great factories built for the filling
OF the European orders of 1914 and 1915 1
were almost completed when death took
from us Major William G.. Ramsay. Chief
Engineer of the company, whose brilliant
work was the foundation of the success
OF our original construction program and
of the entire performance.
The organization founded by him, under
the able management of his right hand
man, Mr.. Harry NJ. Pierce, has carried to
the great work that stands
monument without equal TO the honor
of its originator and to that Of his
worthy successor.
On October is, 1918, the company suf.
Tered great loss in the death of Mr..
Hamilton VI. Barksdale, for many wears
prominent IN the cOmpany's affairs. His
most active work was in the manufac-
lure OF high explosives and the admins.
ration of that department. I'm later
years as President and member
u the Finance Committee he became one
II the strongest and most respected ad.
users IN the planning Of the policy of !.
he company and IN the administration
VI its affairs 7
10 Mr. Barksdale's fine qualities, his
inselhshness, his patience, his thorough ]
less, hls candor, in short 10 his exempli- .
Ication of all that is noble, can be |
raced much of the splendid esprit dc
orps Of the du Pont organization TODAY. .
While a brief description of the work :
ccomplished during the four years past {
nay serve to better inform the stock
olders of the conduct of the officers v
nd employees of their company. il is ia /,
he financial result of the four wears u
ampaign that they are most interested. u
his result is the measure OF success or =
allure, and IL may be summed up in y!
cry few words. y
owder Company, the predecessor of -
. !. du Pont de Nemours & Company. {,
bid during the early months of the war ~ ~
Sl25 per share. The share of de- =
cnture stock and two shares of COM =,
ION stock OF L. !. du Pont de Nemours -
Company which were exchanged for =,
nc former security are worth in today's +,
arket December 81. 1919 S503, or an -
crease in value of 374ee. In the mean q,
me (l9l5-l0lsl the total dividends ON :,
le common stock of L. ]. du Pont dc -
emours Powder Company and on the :,
securities of 4. /. du Pont dc :,
emours g. Company have amounted TO i,
$50 on the par value of the original r.
ock It is difficult TO imagine a more 8.
itisfactory financial result, especially =,
view Of the fact that the liquidation =, g.
the balance OF the military powder 40
vestment as it stands today cannot =;