Evening journal., 1916-07-26

luSSs L say VIII dS HuCu COunuSuC6
as my learned adversary said to the
contrary, establishes the fact that
there was no duty imposed upon Mr..
Pierre S. DUPONT in connection with
this transaction.
First, the resolution: That reso-
luton was read and altered by Alfred
l. dupont and now stands above his
signature as he shows that it should
stand when did you first discover
that at this time or presently
was wanting in that resolution?"
Months afterward" l doubt not that
4 it was not discovered until the time
came for the filing of this bill. I
doubt not that it was not discovered
or thought of until the time came to
furnish some sort of reason to which
TO hang an accusation against Mr..
DUPONT and his associates. He says,
Il also said to Mr.. DUPONT at that
meeting, When you see Dunham, re-
quest him to ask MIR. DUPONT to wait
month or two"
Flatly COntradicted.
Mr.. Johnson said that that state
ment was unchallenged I answer
that it was flatly contradicted by Mr..
Pierre 5. dupont, when he was on the
! stand. I have taken the pains to ex-
r anime the record to find what my
memory said was the condition, and
b I have found it. Mr. Pierre 5. DUPONT
, says that nothing Of the kind was
= ever said to him, and is it not a
D., remarkable fact that when Mr.. viii
l liam dupont was on the stand. they
never asked him about this extra
2 ordinary request to be presented to
Dunham and to reach n. Coleman
! DUPONT. Not word from him; not
t a syllable from him. Was it because
Y he did not remember any such thing
4 having taken place?
- Tho resolution is signed by Mr. AL
fred l. DUPONT and signed by Mr..
= Pierre 5. dupont, and certainly the
b written document must be worth
something What is it they say ought
d to have been in that resolution? In
- the bill they say one thing; in their
G testimony they say another thing. Mr.
l. William DUPONT says. present" or
:, About this time" language as in
r definite as that Mr.. Alfred l. DUPONT
d saws. NOW" or presently" or "at this
r time" That memory is thought 70
l. be setup against Mr.. Pierre S. du-
u Points statement and against the re-
It cord.
y ask Your Honor's attention to an
e other significant thing. that the res
y olution certainly was called TO his
2 attention as early as March s. 1915,
It in the letter written by Pierre S.
y dupont to the board of directors. be-
= cause it is recited there word for
d word as it appears on the minute
II book. That letter was sent TO Mr..
d Alfred l DUPONT. Did he at that time
e call anybody's attention to it and say
e '"The words at thic time or presently
II lare wanting in that resolution Not
J. a syllable from him on that subject
y When. before that on February l6,
l. 1915, he writes his letter to T. c.
'e DUPONT, does he says a word about
10 the idea that the resolution Of the
< finance committee should have eX-
4 pressed a continuing idea IN it? Does
of he suggest to T. Coleman DUPONT that
At the misunderstanding Of which he
is complains. existed in the failure to
N rSad the resolution Alright? Not a
d. word upon that subject. His whole
=; thought and everything that he ex-
le presses is to the effect that the price
w was not justified. And there, may it
r, please the court. he lays down what
II he had already laid down in his let
lg ters of the 14th and the 21st of De-
W cember. 1914. to P. S. DUPONT, the
is same rigid rule, that only would they
IL invest their surplus where the re-
r turn would be six and a half per
cent. That was the yard-stick he ap-
in piled to this transaction. and so long
he as the yard stick Of dividends re-
IL mained as they we're. there could be
he no change in his offer. His position
TO was as definitely closed by him as II
o. was possible for human language TO
ne close it--one hundred and twenty-five
nd dollars a share When he wrote his
er letter of February 16 to T. c. dupont
nd did he say, Mr.. DUPONT, I am willing
nd that il shall be taken now at one hun
es, dred and sixty dollars a share?"
p Quotes E. |. duPOnts Letters.
en- And vet that is the period in which
IT. Mr.. Johnson speaks of the vision OF
of gold that is going to flow in enormous
"a and gigantic profits that carried these
1t men off their feet and made them lose
OIL their heads. These men on the finance
nd committee knew all about the outlook
- of the company and its profits, and
wo yet he chung tenaciously to one
ig- hundred and twenty-five dollars a
MS share, so much so. and showing that
,ht that was the real Interpretation OF
his letter to T. Coleman dupont on
the 18th of February in writing back
10 to him. he says, How much of your
he stock will you give at the price Of one
mt hundred and twenty-five dollars {
an share. which you seem to declare is
iar the proper price for it?" This is in
~ the letter OF the 18th back to him
ro Where was there a single liberty giver
~ TO Pierre S. dupont to do anything
- They attached a great deal OF i'm
Ia portance to the end of a sentence il
as a report made by Mr.. Beardsley to thu
VI board of directors; where 1t says
'Mr. P. S. DUPONT will see Mr.. Cole
po- man dupont further" Could tina
fly create a duty? And il so, what wal
did the duty?
ra- Now may il please Your Honor
ok. ask your attention. without goinl
ion through them, for it would take to'
lse much time, the letters which passei
Ire between Pierre S. DUPONT and T. c
ing DUPONT Beginning first with the con
axe versation that preceded Mr.. T. Cole
ON man duPonts departure. in which MI
will Alfred l. dupont agreed that this ar
in rangement for the benefit of the mel
ing should be carried out, and as the
du- both say, agreed to the price; bu
xed when T. Coleman DUPONT has gon