Evening journal., 1916-07-11

morrow ana thcfe may possibly be |
something TO report
Your affecuonate cousin.
Pierre S. dupont.
The witness stated he received
| telegram dated January II. from
, Coleman DUPONT as follows; !
Letter OF I 8th received II you are /
not committed withdraw my offer !
VIII write.
Coleman dupont"
Says There's No Commitment.
The following letter then was sent
by him. the witness said, TO T. c..
DUPONT. dated January IS:
My dear Coleman: Yours OF the
1 5th has just come 10 hand I have
not talked with Willie alone. as he
has been absent couple Of weeks and
will not return for another week.
However, as he supported Alfred in
/ the stock proposal, feel that have
/ obtained his oplnion but had hoped
/ that they would both swing around at
/ our next meeting There is. OF course,
no commitment. but think there will
be some disappointment. as I believe
that the members OF the executive
committee were anxious 20 take the
stock OF course no others than the
executive committee and the board
know OF the offer. but am sure that
all the men would like to make the
subscription II the offer was made to
them. will OF course do nothing
further until am authorized by you.
Nothing new has turned up since
the last writing. We have not yet
heard from the large order for Russia;
! though tomorrow is the last day. I will
write you later what We hear.
Your affectionate cousin,
Pierre S. dupont.
Two more letters from Coleman 70
Pierre. dated January % and 20, 1915
were put on record, and then a long
one from Pierre TO Coleman at
Rochester. dated January 25. was read
II tells OF huge war orders and sales.
as follows:
My dear Coleman: on my return
from New York, where I have been for
a couple Of days, l find your letter and
am glad TO hear from you again. l am
sure that some plan OF advantage car
be worked out when we next meet. A
couple OF days ago Alfred suggested 10
me that the finance committee take up
the question OF selling treasury stock
to our important men. What would
you think OF such a plan? l do not
know what he has in mind. but sup
, pose something similar to your offer
excepting al a lower price. I do not
think Il need interfere with your ar
rangement IL you desire TO put IL
; through also.
E Since my last letter. the Nobel Com
I pany has closed for 6,5O0,oOO more
o. pounds Of powder and guncotton on
: account OF the British government
r This order comprised three differen'
;, lots which had been negotiated fol
!, the Belgians and Vickers' Sons origin
e ally, but the British government step
a ped in and took them; so that Mr.
d Purvis, the Nobel representative her
g. in the States, has asked for deliverie
h on the duplicate orders for the origi
N nal buyers. feel confident that thl
duplicate will also be closed. We hay
m heard from the Russians that the
e. cannot consider our offer further;
,e Judge on account OF the difficulty
S issue bonds. However, Colonel Buck
" ner has taken up the question Of sur
II plying powder for the British govern
Z. ment with ]. p. Morgan a Company
j. who have been appointed financia
o agents for the purchase OF supplies
e He has offered them substantially tn
e same amounts as offered Russia
= namely:
& 100000 lbs. for delivery this year
y 100000 lbs. per month over mex
8 year.
Is These offerings, together with wha
e we have closed. take up PRACTICAL,
o all that we have for delivery betweei
l. now and March. 1916 though W
o have increased our capacity. as
IS wrote you. 100000 900 lbs. guncottoi
(e4, 100000 lbs. powder) starting witt
u September and October deliveries.
i Ny New York visit was 70 NEE
Mr. Kraftmeier who. with his wifi
and daughter. arrived on the Lusl
!. tania Saturday He had cabled n
~ wished to meet Irenee and me i'm
mediately on his arrival. suppose
= that his mission was 20 place add
tional orders so we took Colons
Buckner along and were much SUI
y prised to find that Mr.. Kraftmeie
- made no mention Of orders. FINALLY
after he succeeded in drawing m
aside, he told me that they had ha
a report that Kuhn. Loeb & Con
! ~ pany Of New York (who are Pre-
= German hrm) had gained control
- our company through the embarrasl
- ment of one Of our large stockholdel
and that they on that account ha
- fears concerning the orders place
with us l. OF course. assured hi
that nothing OF the kind had hal
-, pened. or would happen. that all o
= ders would be filled according TO COZ
II, tract without any shadow OF a dout
- He seemed somewhat relieved TO hei
80 this and said this was one of the in
7 portant things that brought him owe
m From his conversation I Judge TIL
ts II was THE important thing, for I
al other part of our discussion SCENE
an to be of moment. I imagine thi
m the orders placed with our compaT
'ic are of serious concern TO the ALI,
r and a rumor such as Kraftmeier on
ee lined might we'll be worth visit
av investigation to the United states.
No am recommending TO the Finan'
Committee the equilzation Of Execl
e. tive Committee salaries. DO yo
tn think this a good plan?
or owing 70 the congestion OF OF
v Brandywine Machine Shop, we ha'
he been obliged 10 lease the shop
on J. Morton Poole. in Wilmington
~, Here we will do work on speci
,ir pieces Of apparatus such as powd'
Oh presses. We do not contract outsid
ar owing 70 the necessity of keepir
on secret our designs Pusey & Jon'
or Company have undertaken TO mani
an facture guncotton wringers for u
Aot,a F,xniosfves Companv on dl