Description: Stock printed by American Bank Note Co., New York. Issued to and signed by Francis Irenee du Pont (1873-1932) Francis Irne du Pont was an American chemist, and manager at the E.I. du Pont de Nemours Company. He was the great grandson of its founder, Eleuthre Irne du Pont. Francis I. du Pont was the eldest son of Francis G. du Pont and Elsie Wigfall Simons. He was born and grew up at Hagley, near Greenville, Delaware, attended the University of Pennsylvania and graduated from Yale Universitys Sheffield Scientific School in 1895. He was placed at his father's Carney's Point, New Jersey facility, where he joined in the research into the development of the new smokeless powder. This product was high sought after as the military was moving towards its use. He was known for his scientific expertise and managerial abilities, became superintendent of Carney's Point, and was the first head of DuPonts new Experimental Station research facility in 1904. When the company was reorganized following its purchase by the three cousins, Alfred I. du Pont, Pierre S. du Pont, and T. Coleman du Pont in 1903, Francis I. du Pont was named to the Board of Directors and Executive Committee. With T. Coleman du Pont as President the company continued to grow, but within a few years Pierre S. du Pont became the acting president and effective leader of the company. In 1914, with the outbreak of World War I and the declining health of T. Coleman du Pont, Pierre and Coleman sought a way to have the company buy Coleman's share of the company and redistribute it to some of the most highly valued non-family members in the company management. This effort, along with other more personal factors, touched off a full scale break between the cousins. Francis sided with Alfred I. du Pont in the contest, but by 1916 they had lost control and Francis lost his seat on the Board of Directors. After leaving the company, he and his brother, Ernest du Pont, organized the U.S.F. Powder Company, which produced for the U.S. Navy a flashless powder for cannon. In 1922 he became Treasurer for the du Pont Motor Company and, with his son, Edmund du Pont, founded a Wall Street brokerage in 1931. The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade. IMM was founded by shipping magnates Clement Griscom of the American Line and Item ordered may not be exact piece shown. All original and authentic.
Price: 356 USD
Location: Portsmouth, New Hampshire
End Time: 2024-11-20T22:31:54.000Z
Shipping Cost: 6.25 USD
Product Images
Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Return policy details:
