Evening journal., 1916-06-28

adopted with p. S. DUPONT voting in
the negative. The purport OF this
resolution was that the offer of SI6O
a share was too high for T. c. du-
Points stock and that the committee
did not feel justified in paying that
much for it.
The resolution was read to Mr.. du-
Pont from the committees minute
book. Mr.. DUPONT said Il offered the
resolution, but It is not correct as
read as | recall it," He said he
had presented the resolution orally
and il was taken down by the com
mittees stenographer. When uues-
toned as to in what particular the
resolution read from the minute
book differed from the one that he
offered, the witness said the price
$40, which was quoted in the resolu-
tion. was meant to apply to only that
particular time and that he had sug-
gested that the matter be left open for
month or so when the offer might
be increased for the stock.
Mr. DUPONT said he signed the re-
ferred-to minutes containing the
resolution, but that at the time he
did not notice the deficiency in the
resolution offered by him and adopted
by the committee. He could not recall
how long Il was after the meeting
that he learned the resolution on
the minute book was not as he re-
membered It.
The witness then I'm answer to coun-
sci went into a long explanation Of
conversations between himself and F.
S. dupont, over the r. c. dupont
stock offer. He told Of asking T. C.
DUPONT on February 10. how the stock
negotiations were going on and the
latter replied: "They are all of
since you and william DUPONT turned
down the offer"
The witness said he replied that his
idea was that the offer was not turned
down. but that T. c. dupont was sim
ply informed that the price he asked
was too high at that time.
Mix-up Over Letters.
There was much testimony by Mr..
DUPONT about letters that passed be-
tween him and p. S. DUPONT and T.
G. DUPONT, relative to the stock ~ the
latter offered for sale. Many of these
letters. most of which have already
been printed in connection with the
case, were read by Mr. Glasgow.
One Of these letters read. however.
was of unusual interest. Mr.. duI ont
testified that he called on r. S. du-
Pont for a copy of letter that he Up.
S duPont had written to T c. du-
Pont, relative to the stock
He contended that he never re
ceived a copy Of the letter that he
requested. but that another letter was
sent him. The copy of the letter that
the witness said was sent him was
read by Mr. Glasgow and had To do
with business that was being carried
on by the powder company with the
Allies
In the letter, which was from p.
S. DUPONT to r. c. DUPONT. it was
suggested that the four largest stock
holders of the company, namely p. S.
DUPONT. r. c. dupont. Alfred l. du-
Pont and William DUPONT deposit
their stock under a common guard
ianshiD during the present emer
gency."
Large orders for powder for the
/ Allies we're referred to in this letter
and the suggestion was explained Ia
be one that would assure the Allies
that the company was able to carry
out the contracts. II was stated il
the letter that the furnishing o.
these contracts might be the turnin;
point for the Allies This letter was
written early in 1915
Mr.. DUPONT after further testimony
relatives TO various letters. said thu
! first he knew of the purchase of T
/ C.. duPont's stock, was when he read
about it in a newspaper on February
2S, 1915.
The bylaws of the powder company
we're admitted in evidence Mr.. Glas-
gov stated to the court that an i'm.
portant witness, Mr.. Porter. is III anC
that he desired to reserve the righf
to take his deposition before the case