Evening journal., 1916-07-03
ALFRED |. DUPONT
QUESTIONED ABOUT
POWDER Co. DEAL
Owner of About $4,000
Shares Of Company'S
Stock, He Says in
Court
DENIES he CAUSED BIC
SUIT TO Be INSTITUTED

During the entire morning session
OF the United States Court cross-ex-
animation of Alfred l. DUPONT, which
was started last Friday afternoon.
was continued in the dupont powder
Company case which involves the
sale OF the stock of r. c. dupont ard
associates for about S16,000.0O0. and
now with a book value of S60,0O0.0 600.
The largest crowd of any day of the
hearing so far was present, there be-
ing a number of women in the au-
dience. Mr. DUPONT was cool and col
lected on the stand, although he and
Congressman George S. Graham, of
counsel for the defendants. engaged
in several lively tilts while the latter
was conducting the cross-examina-
tion.
II was brought out that the witness
q the time OF the sale Of the T. c.
DUPONT stock was the largest stock
holder of the company, with the ex-
ception of T. c. DUPONT. and that his
holdings of common and preferred
stock is about $4,000 shares. Il was
also brought out that he would be
che most benefited in case this stock
bought by p. S. DUPONT and others is
turned into the treasury OF the COM
pany.
Most of the cross-examination OF
the witness was relative to transac-
tions at meetings Of the finance COM
mittee, the minutes of which meet
jngs were signed by the witness.
Mr. DUPONT denied that he was the
person who caused this suit to be
braught or that he had told Philip
DUPONT to bring the suit. The cross
examination will be continued this
afternoon.
Alfred l. DUPONT took the stand fol-
crcss- examination immediately after
court reconvened. Congressman
Graham, for the defense. started the
cross-examination. Mr. DUPONT. who
IS somewhat deaf. told Mr.. Graham
at the outset that he was not hearing
so we'll today.
The first question asked by Mr.
Graham was, "at the close Of the lasl
session, Mr.. DUPONT. you had identi.
fed your signature to the minutes Of
December %. 1914"
YES, I did" replied the witness.
These minutes referred to a letter
from T. C. DUPONT to the committee
] understand. relative 10 an offer u
sell his stock" said Mr. Graham, "anc
] understand you testified in direct
examination that you knew nothing
about that letter at the time OF the
committee meeting, and not until some
months later. Is that right?" asked
Mr.. Graham.
February 20 to % is the Statement
made. 7 think" the witness replied
There was considerable more cross
examination on this point Mr.
Graham stated in the form of a ques
ton that the minutes which the wit
ness signed for the meeting of De
cember %, contained an offer from
T. c. DUPONT to sell 10000 shares o
his common stock TO the company
The witness said he could not recall
the letter having been read at tn
meeting Of the financial committee
Mr.. dupont insisted that he did no
know of this letter being read, an
knew nothing about 1t until the dat
that he specified.
The cross-examiner and witness a
this point got into wrangle. MI
dupont could not hear question tina
had been put to him, and asked tina
IL be repeated.
"I will have the stenographer re
peat the question. Mr. Graham sai'
Il prefer to have you repeat il" re
piled the witness.
"I will have the stenographer II
peat IT," the attorney stated.
The stenographer repeated tn
question.
The witness was asked if Mr.. Beard
slee did not bring him the minutes
sign "I do not knew whether M
Beardslee or Mr.. Fisher brougf
them" Mr.. dupont replied
Mr.. dupont was questioned as
Continued On Page Two.