Evening journal., 1916-07-25

large contracts with the Allies. These
two men. he said. more than any one
else. were IN positions to know Just
what the great hazards and risks
were that had 10 be taken in meeting
these large contracts. The risks were
great and there was danger every day
OF something happening that might
interfere with the corporation fulfill
ing the contracts.
Mr.. Graham argued that he'd the d.
rectors bought this stock and had this
stupendous work of filing these con-
tracts been failure and not a success,
there would no doubt be a case In this
same court against these directors foi
taking such speculative chances with
the corporations stock
In concluding, Mr.. Graham argued
that the corporation steadfastly refused
to take this stock and therefor there
should be no decrcos making them turn
over the stock and the profits from the
same He said when he stopped 10 think
Of what these men went through in
carrying out these contracts and making
such success Of this enormous. extra
ordinary business, he considered that
these stockholders. instead of fighting
the men who made this success should
give them a vote Of thanks "for the
the stream of gold which they caused To
flow into their pockets
When Mr.. Graham had concluded his
argument Judge Thompson asked what
he meant by the impairment Of the
capital had the corporation purchased
the stock Mr. Graham said that at
that time, when the stock was pur-
chased, the surplus was only S5,000O00,
and the cost Of the T. G. DUPONT stock
was Sl4000, 900. therefore had the cor
poration bought it the capital would
| have been greatly impaired Judge
! Thompson also asked Mr.. Graham
/ how he arrived at his figures to show
/ the surplus and what the working capt.
/ tai was.
Mr.. Graham answered these two ques-
I tions and stated there was no working
| capital as far as the evidence is con-
cernod. There are no entries. he de-
/ clared on the books of the corporation
az working capital"
Court took recess until 2.30 o'clock.
CONGRESSMAN George S. Graham, Of
! Philadelphia and New York, who
made the first argument to the court
today on behalf of the defendants in
the now famous case, has been noted
i as one Of the most able prosecutors
in the country. Mr.. Graham, who is
4 a CONGRESSMAN from Philadelphia,
4 maintains law Offices in both that city
and New York There have been few
I cases Of great Importance in the
Quaker City IN recent years in which
Mr. Graham has not been connected.
/, Until recent years Mr. Graham was
noted principally as a criminal prose-
cutor. He served twelve years as
city prosecutor in Philadelphia. and
during that time took part in many
, noted criminal cases. He has been
the active lawyer for the defense In
/ the powder case from start to finish
b. conducting both the direct and cross
examination Of all witnesses.
Z Mr.. Graham has a pleasing person
: atty and is affable at all times al
p, though he is capable of holding hi:
, own as has been shown in this case
! in exchanges Of satire with counse
p on the other side.
III OAN AEIRDNN AAAAo NeSN Le-to
record for cases In the United Statel
Court OF this district and probably II
all courts in the United States. Thi
is in the number of witnesses tina
have been called by both sides witt
! are millionaires and the amount o
+ money they represent. II is probabl,
- not exaggerating 70 say that the
= amount Of money represented by wit
} nesses who testified during the four
p teen days of the hearing runs into
= billions of dollars.
{ Alfred ]. dupont, William dupont
l Pierre s dupont, Irenee DUPONT an'
I John J. Raskob were among some Of tn
millionaires who have testified in tn
Z case. and some Of them. are millionaire
- many times over. Henry P. Dawson, o
the firm OF j. Pierpont Morgan an'
E Company. the great banking house o
New York, and the presidents or vice
presidents of ten OF twelve Of the larges
banks and trust companies in New Horl
and one in Philadelphia. all individual!
fmillionaires many times over and rep
resentinc hundreds Of other millions a
head of those banking institutions, wer
also witnesses in the case.
In addition TO these there were NAM
witnes ses who are worth personally
hundreds If thousands Of dollars