Word: christianae
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...small office in Wilmington, Del., E. Herbert Tinney performed an annual rite. A onetime accountant for Price, Waterhouse & Co., Herbert Tinney earns $5,700 a year as the only paid officer-secretary and assistant treasurer-of Christiana Securities Co. Last week he sent out Christiana's annual report. In 1948, the company had netted $28.4 million, a substantial gain over the $23.3 million earned in 1947. For each of Christiana's 150,000 common shares, this was an earning of $182.72. Tinney mailed out all but 2? a share of this to Christiana's select little band...
That gave Christiana the distinction of paying out 99.9% of earnings and the biggest dividend of any U.S. company required by law to make a public report. It also gave the public a clue to the income of the famed Du Pont clan. Christiana, formed in 1915, is in effect the Du Pont family's own investment trust, in which the Du Ponts own or control 79,859 shares. Christiana owns 27.42% of the common stock of E.I. du Pont de Nemours & Co., which, besides making explosives and Cellophane, owns 22.67% of General Motors and 60.17% of Remington Arms...
Saint Augustine, "the Saint of the Intellect," is enthroned among the saints as "the first great teacher of rational thought." His Doctrina Christiana, "the earliest pedagogical textbook of the Western world," supplied "the foundation on which the first European universities were built." From his teachings arise the famed Protestant tenets of "the pre-eminence of faith over good works, of grace over reason...
Married-Pauline Louise du Pont, 19, daughter of General Motors Director Henry Francis du Pont, second cousin of Mrs. Franklin D. Roosevelt Jr.; to Alfred C. Harrison III, 27, Manhattan lawyer; in Christiana Hundred...
Married. Franklin Delano Roosevelt Jr., 22, and Ethel du Pont, 21; at Christiana Hundred...