Evening journal., 1916-07-25
NOTHING WRONG
IN DUPONT STOCK
Deal He ARGUES
tContirued From First Pagel

evidence.
Mr.. GRAHAM spoke Of Alfred I. du-
Pont, iniervener, as the soul"
Of this silt and said the latter had
played a mean and despicable" part
in the action. He pointed out that
Alfred I. DUPONT held 1884 shares OF
the common stock Of the company,
while al the other interveners own
legs than 1000 shares In closing he
raid, instead of fighting those who
aad msde such a success Of the bus
ness md caused a stream Of gold to
low tito their pockets. they. the COM
Fsainnts, should give them a vote
VI thinks
Mr. Graham said the New Jersey
charer Of the old company was so
broad that the corporation could do
mos anything under It and upheld
the opinion of Judge Laffey, head Of
the Powder Companys legal depart
mnt, that the corporation could not
by its own stock beyond its sur
pns.
He denied that there was any evil
cence Of fraud or that the purchas-
srs Of the stock had used the credit
of the company in securing the loan.
3 This afternoon W. H. Button viii
conclude the defendants argument,
and w. A. Glasgow. Jr., will conclude
for the complainants tomorrow morn
ing.
While the rain had the effect OF
keeping away many visitors the court
room was crowded before IL o'clock
Many arrived in court room as early
81
As usual the large majority of the
visitors were women who braved the
rain storm TO hear Congressman
George S. Graham answer the argu
ment of John G. Johnson, on behalf
of the defendants. The women visi
tors we're largely relatives of persons
directly interested IN the case. As US
ual during the course of the case
there we're many members of the New
Castle county bar in the room.
Counsel and principals arrived in
the court room early. John G. John
son chief counsel for the complain
ants was not present, II being an
nounced last Thursday when Mr.
Johnson presented his argument or
behalf Of the compliments that he
would leave Immediately afterwards
for his vacation.
Colonel Benjamin Nields, who Il
looked on as the dean of the New
Castle county bar. occupied the sea
that Mr.. Johnson held during the
fourteen days of the trial This wal
by accident Most of the seats il
the room were occurred when Colone
Nields arrived and walked through
that portion of the room reserved TO
lawyers and principals.
AS he passed Mr.. Glasgow Of coun
sci for the compliments, the latte
insisted that Cescnel Nields take on
Of the chairs at the complainants
table which were not occupied. Thi
Colonel Nields did and was an in
terested hearer Of the fine argumen
made to the court by Mr.. Graham.
All the principals in the case o.
cupied their usual places when couI
was opened Alfred l. DUPONT. on tn
complainants side and Pierre S. du
Pont. Irenee dupont. John J. Ras
kob and others on the defendants
side. Several of the other complain
ants in addition TO Alfred l. dupont
also occupied their usual PAGES.
AS the case proceeded the crow
increase dand by 1130 o'clock tn
room was not only crowded but prob
ably 100 persons were in the CORR
doris.
Mr.. Graham's Argument.
Mr.. Graham. in opening his argu
ment to the court, paid a high trit
ute to John G. Johnson, who mad
the argument on behalf of the com
plainants, to the court last Thurs
day, and whose argument he wa
answering.
He said: Last Thursday we is
tened to a man whom I concede
be the leading lawyer in the Unite
States. I realize the power an
force of his utterances. Mr. GrahaI
added that Mr. Johnson's argumen
however, should not take "us" froI
our moorings unless it contained tn
facts of the case.
The SPEAKER said this was uniqu
case. He told of Philip F. dupont
the holder of 1900 shares Of the com
pany's stock being the principal i
the case who filed the bill through hi
attorneys. There arc nine inter
veners." said Mr. Graham, "includ
ing Alfred I DUPONT. whom J do no
regard as an interviewer but as tn
sole Of this suit
Mr. Graham read the number c
shares Of tnD Powder Company stoc
that each interviewer owns and sal
three a the intervencrs wer
brothers erC one 2 sister Of Franci
! dnPoat The interveners, he saiC
hcIS less tban 400C shares of tn
comnou stock Of tho T. 1. dupont d
Nenours ana Company out of
totsl. Of COZ 00G shares Then. be sal;
comes Alfred 7 DUPONT with 335 dc
heur,irc shares and 1854 shares &
tire ccr-mWn stock.
Referring "a the bill, Mr.. Grahar
saiA II wa nothing more or les
thai $ stockholders bill Many Of tn
tlirss alleged IN the bill. he cor
tenGed lad failed Of proof
Nc Sab~miHg shown.
Mr Gresham said it was set out
tie original bill that T. c. duPor
was iaisinformed as to the attitude {
the finance committee and contende
that from beginning to end there wa
no evidence TO substantiate any mi:
information on the part Of P. S. dt
Pont to T. c. DUPONT He argued tn;
any person reading the letters tn;
passed between the above two me
must be impressed with the know
edge that P. s. DUPONT had of the d.
tails OF the business and that ther
was nothing whatever in them
indicate any planning or schemin
to capture 7. G. duPont's stock. TIL
statements, he said, were clear an
MANLY statements OF the business