Word: ponts
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Last week, however, what most U. S. citizens consider the greatest munitions firm in the country was called to the carpet. Accompanied by a buzzing swarm of lawyers, secretaries and assistants, the three brothers du Pont, Pierre. Lammot, Irènée. with their cousin Felix, all of E. I. du Pont de Nemours & Co., stepped into the white marble caucus room of the Senate Office Building to give their testimony. A square-jawed fact: the du Pont company had made a profit of $250,000,000 during the War, paid 195% in dividends, and salted its winnings away...
First important evidence was that du Pont lobbyists in Washington had worked hard and fast to block action on the House resolution providing U. S. cooperation in a general arms embargo on warring nations. And the du Fonts, it quickly developed, had a fine working agreement with the great British Imperial Chemical Industries Ltd. to divide territories and profits for the sale of military explosives and other chemicals. How effectively this agreement worked was shown by a letter from the du Pont agent in South America, one N. E. Bates Jr., to I. C. I. in which he pointed...
Slightly embarrassed. Irènée du Pont said that he "guessed Mr. Bates had made a bust," and then went on to talk about the part his company played...
...think we had much to do with it," replied Irènée du Pont...
Three days later, therefore, when the four du Fonts and their seven lawyers were again assembled, proceedings were carried on under partial censorship. Pierre du Pont testified that it was the company's policy to refuse business rather than pay bribes to government officials. A bundle of documents was promptly introduced showing that the du Pont company had paid large "commissions" to Chinese Nationalist officials in 1932, whose names, in accordance with the new procedure, were not released...