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...island coves and inlets Pirates Morgan, Stede Bonnet and "Black-beard" Teach once lay in wait to raid New World shipping. From the Bahamas, Jamaica and Martinique, Civil War blockade runners made their night-bound, fog-shrouded dashes to Charleston and Wilmington. And in 1898, the Caribbean was invaded by an inept Spanish Fleet. It had the U. S. Atlantic seaboard in a dither of fright until old Admiral Cervera holed up in Santiago, Cuba, finally came out to have his ships shot down like ducks in a shooting gallery by a U. S. Fleet which was short on strategic...

Author: /time Magazine | Title: National Defense: THE STRATEGIC GEOGRAPHY OF THE CARIBBEAN SEA | 7/29/1940 | See Source »

...handful of the 36 men who run the $858,000,000 industrial empire of E. I. du Pont de Nemours & Co., last week's gathering in the Wilmington, Del. board room was just another directors' meeting. Their 138-year-old firm had had a good year: 1939 net $93,219,000, an all-time high. Declaration of a quarterly dividend, other routine matters, were quickly dispatched. A secretary rose and began reading from some slips of paper...

Author: /time Magazine | Title: MANUFACTURING: Dynasty Interrupted | 6/3/1940 | See Source »

...development department which completed the conversion of Du Pont, after World War I, from a great powder company to a greater chemical-technical empire. Since 1921 he has been the company's treasurer. Spare, hardworking, determined, he lives quietly in a rambling old stone house in Wilmington's fashionable Rising Sun district, consistently beating his three sons and Lammot at tennis...

Author: /time Magazine | Title: MANUFACTURING: Dynasty Interrupted | 6/3/1940 | See Source »

...spectacle of two Du Fonts stepping aside was too much for the Du Pont-owned Wilmington newspapers. For 24 hours the company changes outheadlined the war. But the startling fact of a non-Du Pont in the presidency meant no change in the family control, no shift, rift or difference in policy. Lively Henry Belin du Pont, 41, dog fancier, aviator and vice president, specialist in engineering, purchases and sales, stands ready to bring the Du Pont name back to the president's office when energetic Walter Carpenter eventually gets ready to step...

Author: /time Magazine | Title: MANUFACTURING: Dynasty Interrupted | 6/3/1940 | See Source »

...Breezy Robert Ruliph Morgan ("Rulie") Carpenter, mountain climber and beast-shooter, married a sister of Pierre, Irénée & Lammot. Wilmington calls them "the lively Carpenters" to distinguish them from "the quiet [Walter] Carpenters." Says Rulie: "Walter always went in for heavier reading than...

Author: /time Magazine | Title: MANUFACTURING: Dynasty Interrupted | 6/3/1940 | See Source »

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