Quotes About Du Pont

John J. Raskob was the money man. Born in Lockport, New York, in 1879, when he was twenty-one he found himself working for Pierre S. du Pont as a bookkeeper. Raskob had a quick and agile mind, and soon became du Pont's secretary.

Du Pont bought the leases on the Waldorf-Astoria from the Boldt estate in 1918 and created the Waldorf-Astoria Realty Corporation to operate the hotel.

Du Pont became a major shareholder, and, after a reorganization, Pierre du Pont became GM chairman, with Raskob his vice president and chairman of the finance committee.

Du Pont had acquired only the rights to the hotel; in 1925 he bought the property from the Astors and promptly replaced some non-revenue-producing spaces with seventeen shops configured so that their entrances fronted on Fifth Avenue or Thirty-fourth Street, their back entrances on Peacock Alley.

American Du Pont Merrimac Town Car