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...when Thomas Jefferson said on the death of his immigrant friend Pierre Samuel du Pont de Nemours in 1817, "No man ever labored more zealously or honestly ... he has left abundant monuments," could he have suspected that one of the monuments would be valued no years later at $308,000,000. For in 1802 son Eleuthere Irenee du Pont de Nemours began concocting friable messes of gunpowder in a squat stone house on Brandywine Creek, Delaware. Son Eleuthere Irenee had learnt his chemistry from Lavoisier.* clarified, refined, improved his formulae, passed them through to great-great-grandson Lammot du Pont...

Author: /time Magazine | Title: Business & Finance: Friable Messes | 11/5/1928 | See Source »

...reasonable, then, that du Pont and Grasselli should recognize each other's traditions, experience, should propose to Grasselli's stockholders a consolidation. Neither company will lose its identity, for du Pont contracts to continue Grasselli production of heavy chemicals under Grasselli's name...

Author: /time Magazine | Title: Business & Finance: Friable Messes | 11/5/1928 | See Source »

...statement from John Jacob Raskob, which came like a knife-thrust in the market's back. With Arthur Cutten, and the Brothers Fisher, Mr. Raskob has stood in the front rank of the bulls. His slightest intimations have lifted stocks nearly 40 points. His name, linked with the Du Pont interests, has been synonymous with a mysterious but potent pool operating in market leaders. Amazing, almost traitorous, appeared this statement, released on the very day the 5,400 bankers were preparing their formal edict...

Author: /time Magazine | Title: Business & Finance: Bull, Bear, Lion, Lamb | 10/15/1928 | See Source »

Stockmarketeers gasped and gaped. It was not so much that Mr. Raskob had exploded the current myth of the Raskob-Du Pont pool. It was not impossible to believe that he had been out of the market all summer. But that the great bull should have turned into a bear was a blow which could only be described as catastrophic. Seeking a parallel, traders suggested that Nominee Hoover might issue such a statement as this: "My name has been frequently mentioned as being prominently identified with the Republican party. As a matter of fact I have never been a Republican...

Author: /time Magazine | Title: Business & Finance: Bull, Bear, Lion, Lamb | 10/15/1928 | See Source »

Married. Wilhelmina du Pont, daughter of William K. du Pont (explosives) of Wilmington, Del.; to Donald P. Ross of Chestnut Hill...

Author: /time Magazine | Title: Milestones: Oct. 8, 1928 | 10/8/1928 | See Source »

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