Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-01-03
TDMAN PLEADS
10 TAKE A PART
IN DU PONT SUIT
,lrs R. L. Perot, Philadel-
Ohian, Wants to Join
Clash Over Securities
FAMILY CAMPS LINE UP

RI stdG Correspondent
w,r,NINGToN Del, Jan 3-Mrs'
- lea Perot, of Philadelphia. has
No., ,he United states District Court
ul,r,neton for permission to join the
nroueht by her cousin, Philip F.
,.t NJ Merton. Pa. to force the du
~ securities Company to turn over
~" ,.tued at more than s5OoO0SoO, to
~ + du Pont de Nemours 4 Co
u" 'a.,derable Importance is attached to
oisneervention suit In this city because
s.s. .il. petot is a sister to ~ Felix du Pont,
:, the defendants In the SUIT, ana 1t
-. y exnected hat the action VIII leau TO
Is eAptet A,,te,,rnent of the du Pont family In
the alns lu,i detined factions prior to the
tNo struggle involving the du Pont mil
letai and virtual control of the s2i000O,-
~ ~ s,unition corporation.
PAPERS FILED LAST WEEK.
- psrot whose home Is at 5l51 Wis
si.,,on avenue, Germantown, Is the wife
= pobeson Lea Perot, Philadelphia
osoh,tect. with offices at "a South lIth
.srsst She is IA large stockholder IN the
somnany. Although Information oil tne
.,.,,on aed by her lawyers In this city
Wh ,. haoame known today, 1t is under
stood that the actuai i'''"s Vi '''e
occurred last week.
~. ,ogs, ground upon which Mrs Perot
~ lne ,nteryention Is that she finds her
nssa,oin, similar to that filed by Philip
~ :, X, pont. The bill of complaint now
1870 the court alleges that II OF the q
s,..c,ors of the Il. J. du Pont de Nemours
ui.s uns Snrnnany voted against the interest
!, ~ ,ha, corporation in declining the offer
- "a 9il shares OF common stock ana H.
10 shares of preferred stock at 2Vo and
a. tespectively, made by Pierre ). du
pont who had purchased 1t from L. Cole
man du Pont 1t Is further alleged Una.
.hsse directors, as stockholders In the du
pont Securities Company, subsequently
.ook over this stock for personal gain.
OTHER SUITS MAY FOLLOW.
porsons who have been following de-
xelonments in the case point out that
many of other matters of the du Pont
family and other stockholders In 10. l.
Al pont de Nemours & Co. may feel that
they also have cause fo' filing interven-
t,on suits and that series of actions
nav he brought which will make the
attack upon the du Pont Securities Com
nanv and the other defendants more
SERIOUS one than officials of the powder
company are inclined to admit. Thomas
r Bayard, son of the former Secretary
az State, Is Mrs. Perot's attorney.
Only partial division of the du Pont
family into opposing factions Is possible
Al present Pierre S du Pont. president
Of the E. l. du Pont de Nemours d Co.,
Irenee du Pont, Lammot du Pont, Alexis
Felix du Pont, Henry f. du Pont and Eu-
gene Z. du Pont are defendants In the
suit. as Is also k. r. Morgan Carpenter,
whose wife was Miss Marsetta Lammot
du Pont.
BAYARD ALSO A FACTOR.
Although Philip F. du Pont and Mrs.
Robson Lea Perot are the only men,
hers Of the du Pont family, who are
definitely known to represent the oppos-
ing side. il Is believed that Thomas +.
Bayard. whose wife was Elizabeth Brad
ford du Pont and a sister to the COM
planant, will be a powerful influence In
this faction
He Is known to have represented Mrs.
Perot In filing the intervention suit.
In the opinion of lawyers of this city
additional Intervention suits will COM
pletely remove the possibility of COM
promise in the struggle for control of the
Z l. du Pont de Nemours Company.
Should Philip #. du Pont any time
signify desire to abandon the suit Mrs.
Perot, or any others who have inter-
yened are empowered by law to carry the
case TO a conclusion.
GROUND FOR INTERVENTION.
In order TO prevent intervention suits,
the defendant must show cause why the
pettioning party should not be allowed
to Join the complainant In his suit. 1t
Is generally believed here that 1t would be
almost impossible successfully to combat
the filing of such actions. as Philip f.
du Pont has brought suit as a stockholder
who believes the defendants have not
acted to the best interests of the f. l.
du Pont de Nemours Company. despite the
fact that they are directors of that cor-
poration. grounds on which another stock
holder can readily base an intervention
suit
The situation In this city is more in
tense. as the various members of the du
pont family are as yet uncertain as to
nere other members of the family stand.
p Is 1t known what attitude various
Felals OF the company who are not rel
Ives OF the family will take. AS re-
Il OF this fact, there Is a universal
felng out" program being followed |
lardedly by every one.
In the meantime. officials and employees
u the company who have not been drawn
nto the battle are nervously ION the |
ence.' wondering on which side 1t will be |
iaflsable to step when 1t becomes neces-
'afy to abandon their present position.
i Is generally believed that no matter |
shieh faction is successful in the Legal |
'ontest there will be many changes" in
ne personnel of officials OF the corpor-
'uon The attitude is well expressed by |
~ OF these persons who said today;
+ NC. / cannot AxnFasa an anininn Z
matter or fact. l haven't made up my |
,sn mind yet as to the merits of the
'aAe, and even II l had / would not be
= looihardy as to say where l stood. /
suess my attitude is explained suffi-
ashuF oy something you have probably
'safa about fools rushing in where angels
ear TO tread"
T0DAY's MARRIAGE LICENSES