Evening journal., 1916-07-14
Gen. 7. c. DUPONT
Offers STOCK TO
CO TO employees
Continued from First Page.

transcript Of his notes, and he replied
that it was. They we're offered in evil
dence. and after thorough exami-
nation by counsel for the complain
ants were admitted without objection.
Mr. Beardslee was asked who made
tho first motion at the board meet
ing to refer the matter of the pur-
chase of the stock held by P. s. du-
Pont and associates, ana formerly
held by T. c. DUPONT. to the finance
committee He replied that Alfred l.
DUPONT made the first motion to so
refer It but it was not seconded and
afterwards on an amended motion
made by Mr Connable and seconded
by William DUPONT, it was referred
to the finance committee.
The witness then told of a resolu-
ton offered by Henry Belin, Jrs to
purchase the stock, which resolution
was held over for another board
meeting.
The witness said the resolution to
purchase the stock from P. 5 du-
Pont and associates, which was voted
down by the board was either offered
by Alfred I. OF William dupont, he
could not remember which. He also
testified that only Alfred I. and VII
liam and Francis l. DUPONT voted
for that resolution.
While the witness was on the
stand Mr. Glasgow asked him for
the original notes from which he made
the transcript He gave a note book
10 the attorney, which Mr.. Glasgow
handed 70 a stenographer to examine.
There followed considerable wrang-
ling between counsel as to the witness
reading from his transcript Of state
nents made by Francis l. DUPONT and
Alfred !. dupont, at the directors
meeting of March 10, 1915. n con-
nection with the resolution to buy the
Coleman DUPONT stock from P S. du-
Pont and associates Mr.. Glasgow
and Mr. Johnson objected TO these
statements being read. claiming thai
such statements were already on the
records.
Mr.. Graham withdrew his reques
for Francis /. duPont's statement tC
be read but insisted that the wit
ness be allowed 10 read the statemen
of Alfred | dupont, explaining tina
II was for the purpose of contradic
ton The court overruled the ob1ec
ton. and Mr.. Beardsleo read what n
had noted Alfred l. DUPONT had SAT-
at the directors meeting in favor o
the purchasing Of the stock from ?.
dupont The statement did not seen
IN he different materially from wha
had already been testified to by othe
witnesses, including Alfred l. ouFon
himself
The witness was cross-duestone
bv John G. Johnson, and Mr.. John
son crilled the witness as to VIII
had asked him to transcribe his note
when he eventually found them, OF tn
hoard meeting Of March 10, 1915. b
could not recall who it was, but tina
Iikelv IL was P. S DUPONT Irenee du
pont or John J. Raskob. He was ais
cushioned as to why he did not CIV
Alfred dupont a copy OF his note
otter thev we're transcribed, ana re
nl,ed that Mr.. Alfred l. DUPONT wa
not then actively serving the con
many al that time. and that he te
under no obligations 10 give MIN
conv This was after the suit ha
been filed. He could not recall tni
anyone ever told him not 10 turnls
Alfred with a cory. 80, .u
Counsel had some lively Tits whll
Mr. Beardslee was being cross-eAan
ined.
r. c. dupont on Stand. ~,
There was a general stir In n
room when T Coleman dupont WI
called TO the stand.
Mr. dupont testified that he We
president of the company in 1914 ar
mart Of 1915. In December, 1914 ar
in the early part of 1915, he was
hospital in Rochester, Mimi. al
on February Is. while there, he
ceived a letter from Alfred |. duPor
He identified {. certain portion
this letter, where he was asked
he desired 10 sell the stock for d.
trsbution among the employees II
witness said the letter contained SUI
a paragraph and that his or1er
that time was for the stock to
distributed among the employees al
for nothing else.
At this point Mr Johnson object
30 the witness stating any mo
sbont his plan to sell stock, sayil
the offer in writing was on the II
ord. Mr.. Graham said he would n
ouestion him further along that III
Mr. dupont said when he sold
stock he was president of the co
pany, a director and member OF I
finance committee.
On the next question asked by \
Graham, which was en- inquiry as
whether or not the witness wot
have sold his stock under certain {
cumstances other than for distril
ton among employees. Mr.. Glasg'
objected strenuously.
Mr.. Graham said in paragraph 3,
the bill. it was charged the indiv
nails and defendants had Joined in
scheme to defraud the company
keeping the company from purch
ING the stock. He added that
desired to show by General duPo
that he would not at that time he
sold his stock to the company
the profit of the company. This
said would rebut thet charge in
bill
Mr.. Glasgow objected to the gu
ton on the ground that II made
difference what T. G. DUPONT n
have had in his mind, that this wa
question as to the purchase of
stock from P. S. DUPONT and assc
ates. He contended that IL made
difference whatever in this case w
the witness may think or may hi
thought or reserved about selling
stock to the company. Mr.. Grah
insisted on his formal statement
what he proposed to prove going 1
the Official record
Mr.. Graham, addressing the CO
..~4k