Word: ponts
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...Crawford H. Greenewalt, the greying, hawk-nosed director and chemist of du Pont (son-in-law of Irenee du Pont) who got the Hanford project in production...
Most of the businessmen did not even know what they were working on. This bothered them only when they thought that the project, whatever it was, might fail. Du Pont, still trying to live down the "merchant of death" tag, worried most of all. If the project flopped, they were aware of the countless investigations they would face for years to come. As General Groves said, his mind on the $2 billions spent: "If it works, Congress won't investigate it. If it doesn't work, Congress won't investigate anything else...
...appetizer, he served up some warmed-over charges that Standard Oil Co. (N.J.) had made prewar deals with Farben, that E.I. du Pont de Nemours had once been part owner of 6% of its stock (which it sold in 1940). But when Colonel Bernstein came to his main dish, it was new, and piping...
...partly due to the Federal Reserve Board boost in margin requirements in July. By putting stock trading close to a cash basis, it cut down the number of day-to-day traders, thus reduced the stock in circulation. Example : in one day, the purchase of 800 of Du Pont's outstanding 11,000,000 shares sent the stock...
...there just in time to cash in on the 1920 depression, which swept Durant out of the company, almost sank it. The Du Fonts saved it by buying Durant's stock, got bankers to guarantee the payment of the loans. When Pierre du Pont, after acting as president for two and a half years, stepped aside, Sloan slid into his chair. But the Du Fonts kept their stock, now hold 22.7%, virtually a controlling interest. In 1937, Sloan moved up to board chairman...