Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-01-20
DUPONTS AGAIN
ADVISE HOLDING
OF ALL PROXIES
Alfred I. Faction Promises
Benefit" to Stockholders
if Suit Is Won
WILL FIGHT TO END
Improper Handling of Assets
Charged to Defendants
in Powder Case
BIZ a stop Correspondent

of Alfred I. du Pont and the other com
pIainants in the s5o.0ooO0o "du Pont suit,
now pending in the United states Dis
trict Court. was evident to stockholders
of r. I. du Pont de Nemours & Co.
today. when they received the second
communication from that faction within
"A hours requesting that they refrain
from giving the defendants in the suit
proxies to vote at the coming stock
holders annual meeting.
The communication received by the
stockholders today is in the form of a
letter signed by Alfred ]. du Pont, re-
Gently deposed vice president of the
powder company; Francis I. du Pont,
Philip F. du Pont, Ernest du Pont, E..
Paul du Pont and Archibald M. Il. du
Pont.
All are complainants in the suit brought
TO force Pierre S. du Pont, president OF the
company, and IL other directors OF that
s240, 1000 corporation to turn over stock
valued at more than $50, 100000 to Z. l. du
Pont de Nemours G. Co.
ASKED TO DEFER SIGNING.
The letter asserts that the complain
ants are not soliciting proxies or engag-
ing in any contest for control OF the pow
der company. but that they desire stock
holders of the company to refrain from
signing over their proxies to the de-
pending in the United States District
Court. It Is also asserted that the suit
involves assets OF great value and that
the complainants believe the stockholders
have been Improperly deprived" OF these
assets.
The communication was occasioned by
a letter sent to the stockholders by Pierre
g. du Pont and his associates. requesting
proxies for the purpose OF removing AL
Fx.n1 II Jtt mt n II
William du Pont from the board of dlrec-
tors of the powder company. 1t was also
stated that II. NJ. Barksdale, +. G. Tall
man and william @. Ramsay are slated
as the substitutes for the three men to be
deposed.
LETTER TO STOCKHOLDERS.
To counteract the effects of the letter
OF Pierre s. du Pont, kilograms were sent
TO stockholders of the powder company
yesterday by Alfred l. du Pont, Francis
/. du Pont and Philip F. du Pont These
kilograms were followed by the letters
received by the stockholders today from
To the Stockholders of
e. I. du Pont de Nemours Powder
Company
r. l. du Pont de Nemours G. Co.
In view of the litigation pending in
the United States District Court for
the district of Delaware incidental to
the SUIT recently filed by Philip F.
du Pont on behalf of the stockholders
of II. l. du Pont de Nemours Powder
Company and r. /. du Pont de Ne
InoursS & Co. which has for its pur-
pose the securing to the stockholders
an asset of great value. of which Ue
believe they have been improperly de-
prived. and owing to the fact that
Pierre S. du Pont, president, and n
majority of the directors of these COM
panies are defendants in the suit. 1t
Is suggested by those whose names are
subscribed hereto that stockholders
In the above-cited companies refrain
from signing proxies In favor of any
OF the defendants or their represen-
tatives until such time rs the court
shall have passed on the merits of the
PLAINTIFFS contentious.
The subscribers are not soliciting
proxies, nor are they engaged in any
contest for the control OF the COM
pany. but they request that no proxies
be given to those who desire 10 retain
for themselves the benefit OF what the
signers believe should have gone to
the stockholders themselves,
PHILIP f. DU PoNT,
ALFRED /. DU PONT,
FRANCIS I. DU POINT,
ERNEST DU PONT,
E. PAUL DU POINT,
ARCHIBALD NJ. L. DU POINT.
Wilmington, Del, January 10. 1915.
The kilograms which heralded the ar
rival of the letter were as follows:
We are mailing you a letter in which
we suggest your Withholding any
proxy for the coming annual meeting
OF the du Pont Company until the de-
termination OF the litigation now
pending filed on behalf of the COM
pany.
PHILIP F. DU POINT,
ALFRED /. DU POINT.
FRANCIS !. DU POINT.
WOULD BOOST STOCK $500.
Alfred l. du POnt and the other COM
plalnants have q strong argument in