Pierre S. du Pont letter to J.P. Morgan & Co.
Creation: 1945 November 15Abstract
Pierre Samuel "P.S." du Pont (1870-1954) was an industrialist, entrepreneur, and philanthropist. He was president of E.I. du Pont de Nemours & Company from 1915 to 1919 and chairman of the board of directors from 1919 to 1940. P.S. du Pont was the great-grandson of Eleuthère Irénée du Pont (1771-1834), founder of E.I. du Pont de Nemours & Company, and the great-great-grandson and namesake of the French economist Pierre Samuel du Pont de Nemours (1739-1817). This small collection includes a single letter from P.S. du Pont to J.P. Morgan & Company dated November 15, 1945. In the letter, du Pont discusses the purchase of ninety letters written by du Pont's ancestor and namesake, Pierre Samuel du Pont de Nemours, between 1815 and 1817, to be acquired per agent Pierre Le Sage. This letter and its carbon copy were never sent.
Dates
- Creation: 1945 November 15
Creator
Extent
1 item(s)
Biographical Note
Pierre Samuel "P.S." du Pont (1870-1954) was an industrialist, entrepreneur, and philanthropist. He was president of E.I. du Pont de Nemours & Company from 1915 to 1919 and chairman of the board of directors from 1919 to 1940. P.S. du Pont was the great-grandson of Eleuthère Irénée du Pont (1771-1834), founder of E.I. du Pont de Nemours & Company, and the great-great-grandson and namesake of the French economist Pierre Samuel du Pont de Nemours (1739-1817).
Born in 1870, P.S. du Pont was the third child and eldest son of Mary Belin (1839-1913) and Lammot du Pont (1831-1884). P.S. du Pont had ten siblings: four brothers and six sisters, two of whom died at a young age. The patriarch of the family, Lammot du Pont, was a chemist and the inventor of B blasting powder, using Chilean sodium nitrate instead of the previously used potassium nitrate (saltpeter) from India. In 1879, Lammot du Pont resigned from the DuPont Company and formed the Repauno Chemical Company to manufacture high explosives. The family moved from the Brandywine to Philadelphia and lived at 3500 Powelton Avenue. Lammot du Pont died in an explosion on March 29, 1884. In 1892, Mary Belin du Pont had a family home built called Saint Amour in Wilmington, Delaware.
P.S du Pont graduated from the Massachusetts Institute of Technology in 1890 and became assistant superintendent of the Du Pont Company's black powder mills in Delaware. In 1901, he hired John J. Raskob (1879-1950) as his personal secretary. Du Pont had met Raskob while managing and later overseeing the liquidation of the Johnson Company in Lorain, Ohio.
In 1902, he worked with two cousins, T. Coleman du Pont (1863-1930) and Alfred I. du Pont (1864-1935), to reorganize the Du Pont Company. With T. Coleman as president, P.S. became vice president, treasurer, and assistant secretary. As a member
of the Finance Committee, he played a pivotal role in reorganizing the company into a large, modern corporation. In 1915, P.S. du Pont purchased T. Coleman du Pont's stock and became president of the company. He was also elected director of the General Motors Company, which at the time was near bankruptcy. Working with Alfred Sloan (1875-1966), he reorganized the company and, in 1920, replaced William C. Durant (1861-1947) as president.
Early in 1906, a lumber mill intended to cut down several hundred acres of trees in Kennett Square, Pennsylvania. This prompted P.S. du Pont to purchase 200 acres of former farmland with the intention of saving the trees. The farm had belonged to five generations of the Peirce family before falling into disrepair and non-familial ownership. In 1914, P.S du Pont completed the Peirce-du Pont house or Longwood Mansion. In 1919, construction began on the main conservatory. Over time, Du Pont drew on his interest in horticulture and developed several different types of gardens, greenhouses, fountains, a ballroom, music room, an organ, and a theater. Du Pont and his wife, Alice Belin du Pont (1872-1944), hosted many garden parties, family affairs, and events for several organizations. Prior to his death in 1954, P.S du Pont established a foundation for the arboretum and botanical gardens: Longwood Gardens. Longwood Gardens is open to the public and attracts more than 1 million visitors per year.
Along with an active business career, P.S. du Pont was involved in social issues and philanthropic concerns. During the 1920s, he was a pivotal member of the Association Against the Prohibition Amendment. In the years between 1934 and 1941, he was a member of the American Liberty League. Du Pont was also concerned with issues in his native state of Delaware; these included improving African American education and building better roads, especially on Kennett Pike.
P.S. du Pont died without children in 1954.
Scope and Contents
This small collection includes a single letter from P.S. du Pont to J.P. Morgan & Company dated November 15, 1945. In the letter, du Pont discusses the purchase of ninety letters written by du Pont's ancestor and namesake, Pierre Samuel du Pont de Nemours, between 1815 and 1817, to be acquired per agent Pierre Le Sage. These ninety letters were incorporated into The Longwood Manuscripts, Pierre Samuel "P.S." du Pont acquisitions (Accession LMSS-VIII, acquistion: LeSage (1945-1946). Boxes 3-4).
This letter and its carbon copy were never sent.
Access Restrictions
No restrictions on access; this collection is open for research.
Language of Materials
English
Subjects
Finding Aid & Administrative Information
- Title:
- Pierre S. du Pont letter to J.P. Morgan & Co.
- Description rules:
- Describing Archives: A Content Standard
- Language of description:
- English
- Script of description:
- Latin
Revision Statements
- 2022: Jaime Bressmer
- 2024: Laurie Sather
Repository Details
Repository Details
Part of the Manuscripts and Archives Repository