Evening journal., 1916-07-06
William DUPONT
and FL. DUPONT
ON STAND TO-DAY
Tell of Conferences TO OPP
pose Purchase of 7. c.
duPont'S Shares
FRANCIS |. COT DETAILS
FROM BROTHER. He SAYS

Francis |. DUPONT for years a member
of the board of directors and consulting
chemist for the powder company, fur
uished some interesting testimony IN
the noted powder case in United States
Court this morning He testified that
in a talk with ms brother, Felix du-
Pont. after the stock of 7. c. DUPONT
had been bought by the Securities Com
pany. he cautioned Felix about telling
him anything that WAS confidential, and
that his brother told him It had been
of the utmost Importance TO keep the
details of the purchase from Alfred 1.
DUPONT.
Francis I. dupont said he had an op
portunity TO get some of the stock Of
the dupont Securities Company, but de-
clined to take up the offer made to him
to participate.
! William DUPONT also was a witness,
and he corroborated the testimony of
Alfred I. dupont in many details as
| TO what took place al various meet
/ ings of the directors and finance com
mittee.
Interest in the case continues and
/ the room was again crowded this
morning when Judge Thompson took
/ his place on the bench. Up until a
| few minutes before the noon ad-
iournment it proved a slow session for
/ the spectators, however, as the usual
tilts between counsel failed to occur
Most of those who are following tho
case are those who hold DUPONT stock
William dupont was called to the
stand when the case was resumed this
morning. The witness is a cousin OF
Alfred |. dupont, who was on the
stand three days. William DUPONT and
/ Alfred I dupont are two of the prin-
cipal complainants in the suit
The witness testified that he re-
called the reorganization Of the com
pany in 1908, and that he was made
vice president, director and member
of the finance committee.
William A. Glasgow, Jr., OF counsel
} for the complainants, who had charge
of the direct examination, took the
witness over much the same ground
that had previously been covered by
: Alfred /. DUPONT relative to the ne
gotiations for the purchase Of the
stock Of T. Coleman DUPONT.
William DUPONT told of the meeting
, of the finance committee on December
, %. 1914, when the first offer OF T. C.
dupont to sell 20,700 shares of his
common stock at $3.50 was considered
At that time, he said, r. c. DUPONT was
sick and p. S. DUPONT was discharginl
the duties of president. Mr.. DUPONT
said he thought p. S. dupont advo
Gated the purchase of the stock. anC
Alfred /. DUPONT and himself object
ed and suggested that S125 a shar,
would be a reasonable price. The
witness then told OF the resolution
adopted suggesting $lz5 a share fol
the stock. The resolution was reaC
and the witness said that as he re
membered il the words now" or "a
that time" that the original resolu
tion contained were left out of tn,
resolution as il appears on the min
utes. That was the answer to the 7
c. dupont original offer in which Z
was suggested that S125 share wa
sufficient. Alfred I. DUPONT had ais,
testified that these words were omit
ted from the resolutions.
The witness said the next discus
sion that he could recall relative L
I the stock was at a meeting of the fin
I ance committee on the second Wed
g nesday in February, 1915, which wa
Contiruod On Pare Twn