Du Pont


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Du Pont

(do͞opŏnt), family notable in U.S. industrial history. The Du Pont family's importance began when Eleuthère Irénée Du PontDu Pont, Eleuthère Irénée
, 1772–1834, American gunpowder manufacturer, b. Paris, France; son of Pierre Samuel du Pont de Nemours. At the age of 17, Irénée entered the royal gunpowderworks, where Lavoisier taught him the trade.
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 established a gunpowder mill on the Brandywine River in N Delaware. Development, expansion, and family control of E. I. Du Pont de Nemours & Company were long the family's chief concerns, and its prolific members kept the chemical company well staffed. Outstanding among the Du Ponts was Henry Du Pont (1812–89), a West Point graduate and son of the company's founder, who set the basis for the family's cohesiveness; he headed the firm from 1850 to 1889. His son, Lammot (1831–84), a chemist and inventor, developed a cheap and superior blasting powder and made the Du Pont company a leader in the manufacture of explosives. Later, Pierre Samuel Du PontDu Pont, Pierre Samuel,
1870–1954, American industrialist, b. Wilmington, Del., grad. Massachusetts Institute of Technology, 1890. Du Pont worked as a chemist with the family's company, helping to develop smokeless powder.
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 (1870–1954) and his cousins Coleman and Alfred brought about the company's public incorporation, a departure from the long-established family partnership. In 1910, Du Pont was ordered to break up its munitions monopoly, and the company subsequently moved into the fibers (it pioneered the development of nylon), paints, and chemicals and materials businesses. The company acquired sizable holdings in General Motors, amounting to 23% of the latter's stock when it was forced to dispose of its holdings in 1961, and from 1981 to 1999 it owned the Conoco oil company. The Du Pont company produces a variety of fibers and fabrics, coatings, and other materials, industrial chemicals, agricultural seed and chemicals, and other products. Although no member of the family has run the Du Pont company since 1971, family members still control about one fifth of the company's stock. The Du Ponts have also been active in politics. Coleman increased Delaware's roads, and Pierre contributed heavily to the state's educational system. Members of the family have served as United States senators and governor of Delaware.

Bibliography

See W. H. Carr, The Du Ponts of Delaware (1964); G. C. Zilig, Du Pont (1974).

Du Pont

 

one of the largest groups of finance capital in the United States. Its basis has been the Du Pont family wealth.

In 1802 the founder of the group, the fugitive French royalist E. I. Du Pont (the son of P. S. Du Pont de Nemours), set up a gun-powder factory in Wilmington, Del. The Du Pont group grew rich from its military business during the Anglo-American War of 1812-14, the war of the United States with Mexico in 1846-48, the Civil War, and especially World Wars I and II. Having acquired the patents of the I. G. Farben Industries as a result of the defeat of Germany, Du Pont’s firm became the largest chemical trust of the capitalist world; its assets at the end of 1970 were $3.6 billion. In 1970 the trust’s approximately 96 plants in the USA produced explosives, fertilizers and other chemicals for use in agriculture, synthetic fiber, and military products. It also managed a government plant for the production of atomic weapons. It owns plants in Great Britain, France, the Federal Republic of Germany, Belgium, the Netherlands, Switzerland, Spain, Norway, Japan, Canada, Argentina, Brazil, Chile, Colombia, and Venezuela.

The Du Pont trust subsidizes the scientific work of the Massachusetts Institute of Technology and uses the results for its own purposes. It controls one of the largest rubber companies, Uniroyal (United States Rubber until 1967; assets of $1.3 billion in 1970), which owns tire and other plants in the USA and other countries and rubber plantations in Indonesia and Malaysia. It controls Remington Arms and North American Rockwell Corporation, companies that produce military weapons. In conjunction with the Morgan group it controls General Motors, the largest automobile trust in the world (assets of $14.2 billion in the USA in 1970).

The basic financial operations of the group are conducted through the banking monopoly of the Morgan Guaranty Trust Company, but Du Pont also has its own small banks—the Wilmington Trust Company and the Delaware Trust Company. In the mid-1960’s the controlled assets of the Du Pont group were valued at $20 billion, and the personal fortune of the members of the Du Pont family at $4.7 billion. The group finances fascist and semifascist organizations in the USA.

REFERENCE

Zorin, V. Nekoronovannye koroli Ameriki, 3rd ed. Moscow, 1968.

M. IU. BORTNIK

References in periodicals archive ?
And despite testimony that du Pont sometimes lives in a fantasy world in which he considers himself the Dalai Lama or a Russian czar, prosecution witnesses said he frequently responded when called by his own name, John.
Combining the science of Du Pont and Dow will greatly enhance our ability to meet evolving customer needs on a global basis," said Donald K Duncan, director and general manager, Du Pont Elastomers.
We chose Du Pont Merck as a partner because of their strong position in the field of neurology, their extensive sales coverage of neurologists, and their well established knowledge in neurologic disorders," said Burroughs Wellcome President and CEO Philip R.
Du Pont says PPDI elastomers give almost nine times better abrasion resistance than nitrile rubber.
The bismuth structure was recently worked out by a team of researchers at the Du Pont Experimental Station in Wilmington, Del.
du Pont says "I am happy to share my experience in the business to government sector with ePublicBids as we work together to make governments more efficient.
Prison officials say staff members check on du Pont about every 15 minutes.
NEW YORK, July 1 /PRNewswire/ -- ICI and Du Pont have completed the transactions by which ICI will acquire Du Pont's acrylics business in the United States, together with cash payments, and Du Pont has acquired ICI's European based nylon business.
What was billed as the first thermoplastic system for Class A horizontal body panels was introduced in developmental form by Du Pont Automotive Products, Troy, Mich.