Evening journal., 1916-05-19
P. S. DUPONT ENTERS
DENIAL TO CHARGES
IContlnued From Page One.

CONTINUED From Page One)
Lefty equal To- that given the article
appearing ON the morning Of May lsi
1916, in your paper, headed Pierre =
DUPONT is Again Sued; Others Named,
etc, rcfutation of your accusation that
/. together with Messrs. Raskob. Buck
ner aud laflcy. are accused OF divertmg
to our own use large sums belonging tn
T.. l. DUPONT dc Ncmours Powder Com
pany. No such accusation has been
made or c|n indicated IN the smi
brought u McNeely a Company, whicl
forms the 'nasis of the article of May is
"Thc attached statement Of the facts
In this case is complete rcfutatlon OF
several false and malicious claims and
should also bc given proper publicity
"Sincerelv yours,
"plERRE - DUPONT.
"prosidcnt.'
The statement Of r. l. dupont dc
Nemours Powder Company says:
Messrs McNeely and Company are
owners of thirty shares-S3.OOO par
value-of the common stock of r. /.
dupont dc Ncmours Powder Company.
The largest amount claimed as due
that company through the acts COM
planned of is S4l6.34450. or approNi-
mately s141 per share on 294.2ll
shares of stock Of L. l. dupont de Ne
muors Powder Company outstanding
Therefore. on the thirty shares owned
/ by McNeely and Company. there
would be due them S42.45-a sum that
could not compensate them for the
costs Of this suit. Therefore, 1t seems
/ that tho suit as brought and given tc
/ the public Is not genuine Either they
must have some motive not disclosed
/ in the bill Of complaint. or they. tho
complainants OF record. are figure.
heads acting for some one who find II
convenient to keep under cover.
In this connection the following
letter received from Mr. Robert X
McNeeley. OF McNeeley & Co. is o
interest:
philadelphia. June %. 1915.
pierre S. DUPONT, ESQ., DUPONT Build
ing, Wilmington:
Dear Sir: On April 23rd ! handed
to Mr.. Henry S. Morris 500 sharo
DUPONT International Powder Com
pany preferred 10 present to tn
company for liquidation. I have re
ceived 800 per share on account. hu
there is still due me $50 per shar
more. Mr. Morris tells me he ha
been unable to get any satisfaction
on the subject. hence my appeal {
you personally asking that you accor
me the amount due me. Trustin
that you will see the justice OF m
claim, remain.
Very respectfully yours.
(Signature) "ROBT. x. McNEELEY. '
The dissolution OF the Internation'
: Smokeless Powder and Chemical Con
pany and the DUPONT Information;
Powder Company was recommen,
ed 10 stockholders OF those con
panies by their boards OF director
on January %. 1915. and on March ?
1915, respectively. e. ]. DUPONT ,
s Nemours Powder Company was Il
I controlling stockhOlder of the duPo
r International Powder Company an
Z through that corporation Of the Int
national Smokeless Powder and Cher
ical Company. AS the boards OF .
rectors Of these companies had be-
. elected for years without suggestii
I OF alternate candida il Is certa
= that there had never been any Co
! tentiOn in regard 10 the manageme
= OF the two subsidiary corporations.
The members OF the Board OF I
rectors OF +. I. DUPONT de Nemou
d Powder Company had held their .
siuons for several years. as follow
Pierre S. DUPONT Elected 1g
7. T. c. DUPONT 10