Evening journal., 1916-07-19


long statement Of the risks that the
company took in undertaking these
war contracts for delivery In five or
six months and said that the construc-
tion work, and securing of labor to
turn out such large contracts, enter
ed into the risks.
Colonel Buckner gave an interesting
explanation of the risks and damages
in connection with the employing OF
such an extraordinary and unusually
large number of extra employees. He
related how they had found nails
driven into boxes especially built to
hold powder, causing leaks of how
foreign substances of different kinds
were found in the powder, and many
other things done that could possibly
cause the rejection Of the orders.
He said there had been numerous
explosions that never had been traced
to any cause and never could be.
The inspections were very rigid, the
witness declared. and powder was
turned back for the slightest reason.
His explanation Of the hazards that
the company had to meet in filling
these contracts was followed very
closely by the spectators and every
one in the court room.
Mr. Glasgow put Colonel Buckner
through a long cross examination He
was always ready with an answer 10
every question. and some Of them
: caused laughter among the spectators.
He was taken all over the ground OF
securing the contracts and the risks
that he claimed the corporation took
q in fulfilling these contracts.
!. You were pretty busy negotiating
n these contracts, were you not, Colonel
;. Buckner?' Mr.. Glasgow asked.
Il made out | was" the witness re-
b, Piled
N Well, 1t took some time to pick ur
4 some Of these contracts. did il not p
incurred Mr.. Glasgow
O We'll, made out It did. but really
+ just picked them up" answered Col
y onel Buckner.
4 The Colonel said it was true that
? a month or more was spent sometimes
). closing contracts.
d Mr.. Glasgow at this point asked the
e witness what his salary with the du-
d Pont Company Is.
! 100000 a year" replied Colone
} Buckner.
"Is that all that you get" was tn,
Ie next question
4 The witness said he had received
m bonuses from time to time, and il
M April, 1915, the corporation CAV,
Id him a check for $685. 600 The stool
4 bonuses he had received this yea
W amounted to $500 shares of preferre,
NJ and ESQ shares of common stock
nj which he valued at s315,OO0.
= Colonel Buckner also told Mr.. Glal
5r gov about his activity in buying th
:. common stock of the company afte
March 10, 1915. He used all tn
money that he had for this purpos
a except the s25O.O00 gift which h
81 used in another investment. He bougi
ss the stock in May, 1915. at $3.50 an
ire kept buying until it reached $780, +
had faith in the stock, he said, ar
zee was getting good contracts.
as On redirect examination Mr.. CIR
ham showed the witness a minute
lrt the finance committee meeting
err April, 1915, which included a resol
lns ton to pay Colonel Buckner $500
au as a bonus. He was asked If he kne
-ne anything about that resolution befo
II was adopted.
on II never begged for IT," the W
'ii' ness replied. He knew nothing of Il
resolution, he said, until it W,
lr adopted.
q, Further questioning along this lii
. brought out that both Alfred /. al
he William dupont advocated this res
he luton to pay the colonel $500
~ bonus.
're "They were easy, weren't they
' laughingly asked Mr.. Glasgow.
.a mo, would not say that" repli
nd Colonel Buckner, with smile. 9TH
~ ~ we're just"
~ -. Colonel Buolkner also told OF adv
- eating to the finance committee tn
% a large balance be maintained wi
'.s Morgan & Co. When asked his pl
,I; pose for that he replied
an II was trying to be especially nj
of to the man who was buying {
no. goods"
rn- At this point the witness left I
ght stand and Mr.. Glasgow and Mr.. CT
md ham held a conference with Jud
of Thompson. A messenger was sent
on the offices OK the corporation for
the insurance policies asked for by
ny. Glasgow.
he Mr.. Graham placed in evidence
OF corporation laws Of New Jersey ant
nts' copy Of the Congressional Record
art December Is. 1914, to show that tn
MY was talk Of legislation 10 place
embargo on the shipment Of mu
.,,i ~ tions Of war.
co go After waiting for nearly half
,ort hour. John A. Montgomery came /
noe court and took the stand.
mar The witness said he was the ins
the ance manager Of the dupont Comps
ali and that there were no policies Of
ract company covering explosions. t
paid being for cases OF FIRE only
only In cross-examination, Mr.. Glass
asked the witness il II was not I
ues- that smokeless powder burns with
DmI- any explosion. He answered that
we're understood that was true. He
4 in under the policies II there should
Is of an explosion as the result Of fire,
ID Of company would probably get an
$3.50 justment on the policy.
The defendants then closed.
I he Mr. Hood, the expert account
citing was called by the complainants in
ainst huttal He was questioned as to
buy banks and trust companies Of
5 the York city having deposits OF S20,C
did 600 and over in March. 1915. II
" TO we're about S5 such banks, the
ness stated.
long Both sides closed and court 70,
d of recess until IL o'clock tomoI
: the morning.
racts Yesterday Afternoons Session.
gov II. Fletcher Brown. the first wit
He caliod Yesterday affornoon nrova