Nemours > 1931 Jacksonville Florida bond certificate Alfred duPont Edward Ball

Description

Old Stock Yard Collectible Stock and Bond Certificates
Nemours, Incorporated
Original bond certificate
00 Mortgage 5% Gold Bond
1931 -
Jacksonville, Florida
Historic document related to the DuPont Company, Nemours Children's Hospital, Alfred I. duPont, and Edward Ball (whose facsimile signature appears as Vice President on each bond coupon)
Related history of Alfred I. duPont
Alfred Irénée du Pont (May 12, 1864 – April 28, 1935) was an American industrialist, financier, philanthropist and a member of the influential Du Pont family.
Alfred du Pont first rose to prominence through his work in his family's Delaware-based gunpowder manufacturing plant, E. I. du Pont de Nemours and Company (now known as DuPont), in which for many years he served as a director of the board and Vice President of operations.
Following an acrimonious departure and a brief dip in personal fortunes, he embarked on business of his own, investing in land and banking in Florida. He died a multimillionaire, with the bulk of his fortune sustaining the Alfred I. duPont Testamentary Trust.
Related history of Edward Ball
Edward Gresham Ball (March 21, 1888 – June 24, 1981) was an American businessperson. He was a powerful figure in business and politics in Florida for decades, despite the fact that he never held public office and did not own the assets he controlled. He worked for and with his brother-in-law, Alfred I. du Pont for nine years before running the Alfred I. duPont Testamentary Trust's businesses by himself for another 46 years. He led the St. Joe Company to become a major player in several industries in Florida.
Edward Ball was born at Ball's Neck in Northumberland County, Virginia and educated in the one-room Shiloh Schoolhouse. After completing primary school, he convinced his father to let him quit school and get a job. He had always been obsessed with making money; at one time, he prospected for gold in Alaska. However, when Ball's older sister, Jessie Ball became the third wife of Alfred I. du Pont in 1921, Edward was given the chance of a lifetime. He began working for his brother-in-law in 1923 at the lofty salary of ,000 a year, and moved to Delaware where he was publicly named manager of the Clean Food Products Company. Privately, he was Mr. du Pont’s confidential business partner and became a shrewd financier and caretaker of the du Pont de Nemours estate fortune. After Jessie & Alfred moved to Florida in 1926, Edward joined them.
After his sister died in 1970, Ball came under strong criticism for reinvesting the trust's income to build up their value instead of fully respecting the requirements of du Pont's will, which stipulated that after Jessie Ball du Pont's death, trust income was to be used to aid the Nemours Foundation in caring for the crippled children and indigent elderly of Delaware. Ball ignored the criticism, but he couldn't ignore the wave of lawsuits that were brought by other trustees, the State of Delaware and others. -Wikipedia
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