Evening journal., 1916-07-10

the minutes and said the minutes as
voted on and adopted were correct. Tie
said there were no omissions and that
the much talked Of resolution offered by
Alfred I. DUPONT. relative TO the pur
chase of the stock. did not contain the
words "at this time" testified TO by
Alfred 7. dupont as he recollected it.
Mr.. DUPONT, in answer to questions
from Mr.. Graham. told OF the views
expressed by the three members Of
the finance committee, relative Nto
the purchase OF the r. c. DUPONT
stock He said he favored the plan
OF buying the stock for $3.50 and re-
distributing it among the employees.
Alfred I. and William DUPONT thought
$3.50 too high a price to pay for the
stock.
Two letters Of great Importance
were placed in evidence and read by
Mr.. Graham. One letter was from P
S. DUPONT to T. c. DUPONT. dated Jan
uary 4. 1915. while the latter was in
a hospital at Rochester, MINI. This
letter said in part:
Unfortunately Alfred. who approved
OF your offer before you went away,
got crossways at the meeting of the
finance committee and opposed IT,
think IL best TO hold up the matter for
a time"
Mr.. DUPONT stated in the letter that
he personally thought Il a generous
offer and that both the Hercules and
Atlas Powder Companies had accepted
the similar offers made to those COM
panies. In this letter the writer also
stated that the actual sale OF powder
at that time amounted to about 35,-
100000 pounds.
Mr.. DUPONT was questioned as TO
what he next did in the matter. He
answered:
"I endeavored to keep the matter
open with T. c. dupont as to selling
the stock to the company for the en-
ployes."
The other letter was dated January
6. 1915 at Rochester. MINI, from T.
c. DUPONT to P. S. dupont. General
dupont said he was sorry that Alfred
had opposed the purchase of his stock
and suggested that he withdraw his
offer.
This letter was written by General
DUPONT in his own handwriting. He
stated that he had hoped for the plan
TO go through by Christmas "as IL
would have been Of more value from
a human interest standpoint Re-
ferring again to the opposition OF AL
fred l. DUPONT, General DUPONT in
this letter said:
Il think Alfred has some ulterior
motive in mind, as he is trying to
do something against me at every
opportunity. We both know that"
He inquired about bill in Con-
gress relative to stopping shipments
of munitions and asked if ii would
not be best TO arrange for starting a
plant in Canada. In concluding this
letter General DUPONT spoke of ii be-
ing one of the first he had written
since his operation and asked p. S.
dupont to not say anything about il,
as they were opposed to him writing
at the hospital but he had already
gotten one letter past the censorship.
The reply of the witness TO the above
letter. which was dated January &, 1915,
was also put in evidence and read. This
proved long letter in which Mr.. du-
Pont told General DUPONT many details
VI AHt NulliAiNn VI hAoAANoos III ANAtA
ring to the offer of the latter to sell his
stock, P. s. DUPONT, in this letter, said
"Willie is away for two weeks, and when
he returns l will again take up the
matter if you wish it. It is my opinion
that il will now 90 through"
This letter also told of various con-
tracts some already secured and some
they were after, with the Allies giving
many minor details as to the business,
which did not appear essential to this
suit. He told Of negotiations that were
being conducted with the Allies for con-
tracts.
Another letter placed in evidence.
dated Rochester. January II. 1915,
from T. c. DUPONT to P. S. DUPONT
was identified and read after being
admitted in evidence.
In this letter General DUPONT said
to the witness, referring to his offer
TO sell stock, that he made the offer
for the good Of the company and con-
sidered the price low. In this regard
he said: "If you think IL was for the
good of the company talk with
Willie about it. II not. don't" He
said from selfish standpoint it would
be to his benefit to hold the stock.
The writer inquired about some de-
tails of the business relative to Euro
pean contracts.
Court took a recess until 2 o'clock.