Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1923-02-10


The much larger volume OF man
ufacture has enabled your company
TO re-employ additional men. This,
however. has occurred almost entire
ly in the payroll group. since II had
been necessary to retain a reason
ably full complement az salaried
men even with the lesser volume OF
business which existed during the
depression.
In considering the volume OF
sales by your company. as shown
/ by the profit and loss account, the
reader should bear in mind that for
/ years it has been the policy OF the
dupont Company to strengthen its
sources Of supply for its raw ma
I terials. as the result OF which II has
extended its operations to include
the production OF a great many OF
I its raw materials from the resources
OF the earth and forest.
AS an example: Your company
mines nitrate ore in Chile. extract
I ing the nitrate there and shipping
| It 20 the United States. largely in
boats chartered by your company
This then forms the raw material
for the manufacture of nitric acid:
the other raw material in this man
ufacture being sulphuric acid. which
in turn. Is manufactured by your
company from purchased sulphur.
The mixture for these two acids,
in turn, is used for the production
of nitro-glycerin and other nitro
hnafna fnh n huarsf.na fr.
pulp made at your compan ys plant
in Maine from logs cut from your
own timberlands.
The dynamite so manufactured Is
packed In boxes made az your own
Box Plants from logs cut from your
own timberlands, and sawed on your
own property; the finished produce
being shipped 20 the customer or 10
distributing points and sold 20 final
user without the use OF the middle :
man.
1T Is quite evident that the ratio /
between the so-called sales OF your
company which represent only sales /
10 the outsider. and the unit OF 7
man-power employed or the unit OF I.
apital invested. az much smaller /
than would be the case II all the raw I
materials were purchased, converted I.
into single finished product, and 1
disposed OF 10 a distributor
Industrial Efficiency
The report calls attention - the !
economic value and efficiency n
such Industrial organizs tons as the .
dupont Company has grown 20 be /
during It's 100 years Of existence. In |
a chapter on this subject the pres
ident says:
AT the present time. when the .
principles on which the social struc- /
ture IS based are under criticism, Il .
IS perhaps well 70 give the stock Z
holder some data by which he can (
satisfy himself that your company /
is an institution which, by its or
tween men skilled in many lines and I
capital carefully invested. enables I
human society 10 obtain desired
products with extraordinarily little
effort.
For this purpose data have been
assembled 10 measure the annual
output per man in the organization.
Included in this computation are not
only actual workmen at the plants.
but all supervising and indirect la
Dor. including statesmen who solicit
the orders: purchasing men who Sc
cure the raw materials: traffic men
who route the materials over the
most economical lines: accountants
who prepare costs on every product
and who bin and collect
for the goods sold; chemical engi-
neers who constantly check chem
.cal Yields in every operation and
carry on research both as 20 new
products and new methods: and
finally. administrators who invest
capital when and where needed and
coordinate all Of the activities OF
he several departments and divi-
sions.
Representative n this Is the re-
suit for the year 1922 in your ex-
,losive department. For each man .
20 employed by your company in the
United States. there were produced
and sold:
1854 lbs. OF dynamite. 1901 lbs.
4 blasting and saltpetre powders
1857 blasting caps, $500 lbs. dye
and other chemicals.
THE significance OF this is that i
Z one man could employ himself s
With equal efficiency he could pro-
luce all of the above list Of pro-
Iucts in one year. II is quite APP +
,arent to anyone familiar with the L
PRODUCTS and with the complica-
ions OF their production and distri-
,ution. that one man working alone
ould produce but A small fraction
4 these quantities.
These figures in themselves are T
ather reassuring. but are even more L
if the reader will bear in d
mind that these results are not Il
chieved merely by the purchase OF r
materials in a condition of semi o
efnement for assembling or mixing a
or the production of your finished D
roducts. but rather that they are II
he result of a series of operations p
I which the finished product of one IL
peration becomes the raw material Il
T the next operation" a
Ontinue Bonus Plan. ii
The report further says: "a
You directors have continued thu &c
onus plan. by which employees who q
ave contributed to an unusual ex-
mt 10 the company's success are
varded shares OF stock OF the cor
oration. The lessened earnings Of "
our company. due largely TO the II
of the depression which III
arted in the fall of 1920 and ex- q
nded through the first half OF the M
ar 1922. have materially restrict b,
the operation of this plan. How Il