Word: ponts
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Last week Du Pont reached through the loophole and pulled out a rebate of $29 million, the biggest E.P.T. repayment so far. Du Pont argued that during the base period it had poured millions into expansion for nylon and other new products which it did not start selling until 1939. Thus, a substantial part of its war profits was not "excess profits," and was "plainly not attributable to the war economy...
...Chicago last week, after 3½ years of legal skirmishing, the Government's antitrust suit against the Du Ponts was finally under way. In his opening statement, U.S. Attorney Willis L. Hotchkiss outlined the charge: 117 members of the Du Pont family-59 of them minors aged four to 20-had conspired to restrain trade through a $5 billion empire composed of the Du Pont chemical company, General Motors and U.S. Rubber. Hotchkiss wanted the court to force the Du Fonts to sell their chemical company's 23% common-stock interest in G.M. (now worth $1.3 billion...
...Chappaqua, N.Y. neighbor, Reader's Digest Editor DeWitt Wallace (TIME, Dec. 10). Between the time Miller made his first phone call to Wallace in April 1951 and the time the story ran, Digest editors had selected two of Miller's cover stories for reprinting - on Du Pont's Crawford Greenewalt and U.S. Steel's Benjamin Fairless. The Digest also reprinted Miller's article on human relations in industry (TIME, April 14), one of the most reprinted stories in TIME'S history...
...Round Coverage. Du Pont Co. announced it will soon build a plant to produce Mylar, a new Cellophane-like film which it claims is two to eight times stronger than other films and unaffected by wide-range temperature changes. Mylar will be chiefly used as an electrical insulator, in packaging, and as a magnetic recording tape. Price: $3 a lb. v. 55? for Cellophane...
Delaware. Republican Senator John ("Whispering Willie") Williams, who was expected to have hard going against an opponent (Lieut. Governor Alexis I. Du Pont Bayard) with a wealthy political and financial background, surprised everyone. Williams' plurality(15,335) was more than twice the margin by which Dwight Eisenhower carried the state. Chief reason: citizens of Delaware heartily approved John Williams' successful campaign against corruption in the Bureau of Internal Revenue (TIME...