IMMENSE PROFITS

Evening Post, Volume CXVIII, Issue 65, 14 September 1934, Page 11

IMMENSE PROFITS

THE DUPONT COMPANY

WASHINGTON INVESTIGATION

(Received September 14 ; 3 p.m.) . | WASHINGTON, September 13.;, ■•-. The wide ramifications and huge : growth of tho assets of' th'c'rPupont: .< Company during the war "■yrtre 'disr f. clpsod today in the Arms inquiry. Tho ;'. bompany's resources grew from <.'. 81,000,000 dollars in 1910 to 258,000,000 >•; dollars in 1915, and 308,000,000; dollars •in 1918. Some 17,000,000 dollars in .-.war bonuses, were paid to officers of :'• the'company. ' '".', '.''.'■' ■ ■ The firm's wealth grow > to such an • extent that an outlet in other indus- ■ tries had to bo found, with;the result -.. ttiat the company has investments of 202,000,000 dollars throughout the . world, including many other explosives companies. •■''• Evidence was also introduced that an agreement existed bctwaen tho Dupont • ;: Company and Imperial Chemicals Indus- ' tries, Ltd., which gave the American concern exclusive rights lor powder ■ sales in-Europe and South America, while the British firm .reserved Asia as :: jts territory. ' '■' The chairman of the ' board, Mr. ■■■■ Pierre Dupont, commenting on the war- •■•: time profits, said: "I think it very un- •" becoming to create the impression that '■■:■ out profits were wrung.,out of tho Allies, who wore at our mercy. They -r; came to us because wo could serve thorn • and no one else could. We. made pow- ■■'■ tier for sixty different guns and not a pound failed. Tho Allies were glad ■ to pay us what they did."