Evening journal., 1916-07-12
Pierre S. DUPONT on Stand Again
Today for Cross-ExamInafiOn

Mr.. dupont stated that he also be-
lieved that Alfred l. tried to interest
the Department of Justice against the
company and that he had not denied
It when he Cthe witness) asked him
II he had done so.
The witness said he talked to
: both Alfred and William in 1914, and
/ told them that everyone must attend
| 10 their business, as the company
had the most important work of its
/ history on hand. He said. he told
them that trouble makers must eth
er mend their ways or get out" He
also said that Alfred l. DUPONT had
made charges against him (P. S. du-
Pont), Irenee DUPONT and John J.
! Raskob, as TO incOmpetency, eXtrava-
gance, etc.
WAS not the sin Alfred l. had COM
mitted, the opposition to you and your
/ associates in the acquisition of the
stock from T. G. duPontG asked
Mr., Johnson.
1T was not" replied Mr. DUPONT
"As a stockholder l had no desire to
vote for him as director, as l had no
confidence in him"
The witness was questioned as TO
the prospects of the stock increasing
in value at the time II was bought
from II. C. dupont Mr. DUPONT said
it would not have been a good thing
for the company to buy the stock at
the time and. that the purchase by
himself and associates was specula'
tive. He was asked II he did not
know that large contracts we're being
considered that would Increase the
value of the stock If secured. Mr.
Johnson, reading from the letters sent
by =. S. dupont 70 Francis l. DUPONT
on April 6, when the latter was invited
TO take some of the stock in the Sc
curities Company. read a sentence In
which the witness said the market
, value of the stock at that time was
$500.
Mr.. DUPONT said that figure was
given as a guide to Francis /. du-
Pont IN reaching a decision and not
as HIS personal opinion.
"By March, 1915, we're not there in
! dications for large orders asked Mr..
johnson.
Mr.. DUPONT, in reply. told of some
, orders being received In the fall OF
/ 1914. and other orders received from
time to time, but could not recall any
! unusually large orders anticipated In
March, 1915. Most Of the orders, he
admitted. were received through
, Morgan and Company.
After questioning the witness rela.
tive TO the working capital Of the com
pany, far a short time, Mr.. johnson
Jumped back again 10 the stock ant
, asked Mr.. DUPONT u the company die
} not buy from brokers in March, 1915
more than 1000 shares OF its common
{ stock at from 1890 TO $500 a share. HI
replied that he believed that that wa
Q true.
}. "Why then" asked Mr. Johnson
a did you not at the meeting OF Tn
Il finance committee when the 2.63
> shares of stock was bought for S2e
to $500 offer 20 turn over to the con
ls pany that number of shares that yo
, had Just purchased for 5000.
The witness replied that he did NO
y probably, for tho same reason thu
J Alfred l. and William DUPONT did n,
y turn over some Of their stock \
y said he and his associates held N
= stock personally.
The witness was being examined a
to the request of Alfred I. for copie
. Of certain letters IN January 1915
y when court took a recess.
Yesterday Afternoons Session.
At the opening OF the afternoo
q session yesterday, p. S. DUPONT tn
\ witness. was questioned as to the COP
a les Of the letters that he sent TO Al
Continued on Page