Evening journal., 1916-07-06
William DUPONT
and F. |. DUPONT
ON Stand TODAY
CONTINUED from Page u.


negotiations for the stock were COM
ing on and p. S. dupont replied that
they we're "off" Alfred l. dupont,
he said. asked why they were off and
p s. dupont replied because OF the
actions OF the finance committee IN
turning down the offer. The witness
said both himself and Alfred ]. du-
Pont replied that they did not under
stand the negotiations were on be-
cause Of any nction Of the finance
committee
MIR. dupont said he was in Bruins
wick. Ga. when he read early IN
March. 1915. that the stock had Deen
purchased By p s. dupont and asso-
cites and that he went to the nearest
telegraph Office eighteen miles ais
tant and sent this telegram to /. 3
dupont:
"Papers state you have purchased
Coleman's stock. | presume tor lne
compeny. Any other action ! should
consider breach Of faith This tele-
gram. which was produced by the de-
PENDANTS on demand OF the complalh
ants. was put in evidence
After reading OF the sale OF the
stock the witness said he returned TO
Wilmington at once and on March
or ! attended a meeting at Alfred J..
duPonts Office at which we're present
besides himself and Alfred l., Francis
dupont. Philip f. dupont and sever
others He said p. S. DUPONT and
Trenee dupont came into the meeting
later.
The witness told Of arranging sew
eral meetings Of his relatives to dis
cuss tho matter. He said he sent for
his cousin. Philip T. DUPONT. at
Merton. Pa his brother Ernest au-
pont. then in Florida; Eugene y du.
pont and Alexis +. dupont lie sa'd
al that time Eugene %. dupont one
OF tho defendants TO the suit was
not IN favor Of the purchase OF the
stock by p. S. DUPONT and associates
The witness said at one OF these
meetings between his relatives ne eN-
messed himself very deadly against
the deal on the ground that u was
NOT fair He also noted that Alexis
dupont secretary OF the company.
stated al the meeting that he believed
everything would be all right, ana
that p S. Would do the right thing'
Mr.. du Pont told of another meeting
attended by himself, Alfred l., VIII
liam. Alexis l.. Philip f.. Eugene b.
and Henry r. dupont He said Pierre
s. dupont and Irenee DUPONT came
into this meeting. although they had
no, been asked. as il was supposed 10
he meeting Of those opposed to the
purchase of the stock IN the manner
in which II was purchased
He said Alfred l. DUPONT took the
require the financial credit OF the
: company for those interested TO put
( the deal through. and that he took the
same position, but went further ana
said in his opinion. Il was the power
af those Interested over the company
treasury that made II possible.
He said p s. dupont differed from
him and he asked, "Then. why did you
form the corporation" p. s. DUPONT
replied Because IL IS my way OF do.
Ing" The witness said this was the
only reply made by p. s, DUPONT.
The witness was questioned al some
length relative TO discussions that
took place at several meetings of the
board OF directors while he was a
member OF the board in regard to the
T.. c. DUPONT stock
During the examination OF Fran
els ]. DUPONT. Mr.. Glasgow and Mr..
Graham had their first humorous tilt
OF the day. Mr. Graham had objected
to some questions asked by Mr., Glas'
cow and made some remark to which
Nr. Glasgow replied you cannot
compliment me more, Mr. Graham
than to tell me | am like an old wo
man. but don't tell me ] am like an
old man.
AT this point Mr. Glasgow pro-
ducod paper which he had the wit.
ness 10 identify and which he Of
fered In evidence He explained thai
n was a letter sent out to stock
holders OF the -. l. DUPONT de Ne
mours Powder Company. on May II
1916 relative TO a meeting to be hel'
at tho offices of the company in no
hol,en June s. 1916. He said th'
nurpose of this offer was 10 shov
that the assets in the treasury 4.
the company at that time were Il
excess OF SS1 100000; that II ha'
been shown that SlSS had alreadl
been paid towards the T. c. duPon
stock and that r. S. DUPONT wishe'
10 pay $50 more per share.
Mr.. dupont said he thought +.
dnPont told them az that meeting wh'
was associated with him in the pur
chase OF the stock The witness salt
he objected TO the purchase or IN
stock by P. s. dupont. but could no
recall that he made his objections q
that time.
The witness was taken over th'
meeting Of The directors when q rcso
luton offered by Alfred duPon, g
purchase the stock from the drPon
Securities Company for 5000 Wal
voted down and The meeting Of The
finance committee. when a sinilal
motion was lost His testimony n
this respect corroborated that alread-
given by Alfred l. DUPONT during IN,
three days that he occupied the stand
William DUPONT was also carried owe
much other ground already trayersel
t by the testimony OF Alfred T du
Pone. He was on IA stand but forty
five minutes when the direct exami
nation was concluded
If Begin Cross Examination.
~ The CrosE-examination conducts
by Congressman Graham lasted but
* short time.
I'm answer TO Mr. Graham's que
lions. Mr.. DUPONT stated that while
Georgia. after reading OF the purcha
+, OF the stock by p, s. DUPONT. he I
il ceived telegram from Alfred I d
Pont. but that IL wac a'.~- - had Sc
+, his telegram to p. S. DUPONT.
Il. The witness also said he had
distinct recollection OF the words
inc left ont of fbe resolution refer