Word: wilmington
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JOEL F. GLAZIER Wilmington...
...Delaware work force; its $288 million payroll in Delaware is bigger than the state budget. The family controls two of the state's four largest banks. Irenée Jr., for example, is president of the family-controlled Christiana Securities holding company, a director of the Wilmington Trust Co., the News-Journal Co., Delmarva Power & Light and chairman of the Greater Wilmington Development Council. The state's sole U.S. Representative is Pierre S. du Pont IV, a freshman Republican. Governor Russell Peterson is a former Du Pont executive. Together, Du Pont family, employees and associates make...
...PRESS. Through Christiana Securities, the family owns 100% of the stock in the company that publishes the state's two largest and most influential newspapers, the Wilmington Morning News and Evening Journal. Creed Black, editor from 1960 to 1964, quit when a Du Pont public relations man was put in above him; the owners, said Black, obviously wanted "house organs instead of newspapers." But now, insists Irenée Jr., the editors "call the shots the way they see them." He says that if the papers were sold to two separate owners, as the report recommends, they would probably...
More gravely, the Nader report garbles its account of the bankruptcy of Lammot du Pont Copeland Jr. (TIME, May 3), son of the recent Du Pont board chairman. Inexplicably, also, the report accuses the family-controlled newspapers of downplaying news that National Guard troops were stationed in Wilmington in 1968 at a time of racial disturbance and stayed for nine months. On the contrary, both papers played the story on the front page for weeks, crusaded to get the troops out and even nominated themselves for a Pulitzer Prize for their efforts...
...argues that "by and large" that influence has been good. He adds: "Many of the problems discussed in the report are problems of the corporate system in general. Perhaps they are exaggerated in our case because Delaware is so small." Wryly, he concurs with the Nader recommendation that the Wilmington newspapers should be sold. Says Du Pont: "I would get more coverage if they were...