Evening journal., 1916-03-13
CONTINUED From Page ~

ally or by proxy, was voted at the
election for directors. The following
were elected directors. the names be-
ing in the order in which they appear
ed on the ballot:
II. NJ. Barksdale, Henry Belin. Jr.,
Harry f. Brown. T.. G. Buckner. r. r.
NJ. Carpenter, Frank l.. Connable. VIII
liam Coyne. A. Felix DUPONT, Alexis
l. DUPONT. Eugene Il. DUPONT. Henry
f. DUPONT. lrenee DUPONT. LammOt
DUPONT. Pierre S. dupont. Harry G..
Haskell, J. A. Haskell. John p. Laifey.
Charles l.. Patterson. William G.
Ramsay, John ]. Raskob. T. f. Tall
man.
There are 593,244 shares Of stock
outstanding. and for the directors
elected 411,O53 votes were cast. with
none in the opposition or the stock
voted, il is understood that 100000
shares were cast by the dupont Sc
curities Company. which is a subject
of dispute in the pending suit. One
half OF all the stock outstanding Ca
quorum) would be 296.622 shares. In
addition to the Securities Company
shares. 231 .053 shares were voted for
the administration ticket today At
the meeting today all but 1S2,191
shares of stock outstanding were
voted.
Some of those present at the meet.
ing were Pierre S. DUPONT, the presi.
dent, who presided over the meeting
which was held in the directors
room on the ninth floor of the dupont
building; Alexis |. DUPONT, secretary
John j. Raskob, treasurer; Harlan G.
Scott, Harry Haskell. James p. Nields
H. Fletcher Brown. r. r. NJ. Carpen-
ter, John =. Laffey, James +. Nields
Charles c. Kurtz, II. NJ. Barksdale
William COyne. George p. Bissell
Philip ID. Laird. Ezekiel Cooper, Har
ry T. Graham, r. L. Perot, Francis
J. DUPONT, Ernest DUPONT. II. II
Brown, attorney of Philadelphia, and
Robert Pennington, attorney of this
city, representing complainants in
the pending suit; George Stevenson
of Philadelphia; L. r. Beardslee, w
A. Button. of New York, OF counse
for the DUPONT Company and a few
other officials of the company.
After the meeting had been called
and the minutes Of the corporation
since it took over the old cOmpany''
business had been read, Pierre S. du-
Pont announced that the next business
would be the election Of directors fOl
the ensuing year. H. r. Craig. +. l.
Hobbs and w. T. Stoops. Jr.. wer,
designated as inspectors of election
and tellers. At this juncture, II. T
Brown. representing certain stock
holders. read the following protest:
IS l..1.I
Meeting Of the +. !. dupont de Ne
nours q Co.. and the Judges and ln
spectors OF Election.
we, the undersigned holders O
shares of stock Of the +. !. DUPONT d
/ Ncmours & Co., do protest against tn
receipt at thi- meeting OF votes upo
any shares OF stock received as a div
: dend upon shares Of stock of the +.
dul'ont dc Nomours Powder COmpan
: formerly belonging to T. Coleman dl
pont said last named shares havin
been Transferred by him during Il
month OF February, 1918. TO the nan
{ of the DUPONT Securities Company. tn
protest applies To any holders in who's
names said shares now stand. claimiu
that said shares are illegally held; al
: the property of the j.. I. DUPONT de y,
mours Powder Company, and cannot 1
voted by the holders thereof at tht
! election"
Mr.. BrogL said the protest was sisl
ed bv Alfred /. DUPONT. Mrs. duP0n
Francis l. dupont. Ernest dupont,
! Paul dupont and Henry S. Morris. y
action was taken beyond the reading {
the protest.
; President DUPONT announced that I'll
. polls would be kept open an hour. an
/ meanwhile any busines could come b'
fore the meeting. Charles c. Kurt
then presented the following resolution
the adoption of which he moved, Harr
/ n. Graham seconding the motion;
Whereas. in December, 1914, 7
Coleman dupont offered TO sell to tm
, Company 2O,7O0 shares of the common
stock of the Z. l. dupont de Nemour
! Powder Company at S16O per share
to be resold, without profit. to impor
tant employees.
"And Whereas, the Finance Com
mittee of the Board of Directors de
lined to purchase the said stock 70
the price of S160 per share.
And Whereas, subsequently, {
wit. in February, 1915, T. Coleman
dupont offered to sell to Pierre S. du
Pont. 1859 shares of preferred stoc
and 63,314 shares of common stock O
the +. l. DUPONT de NemOurs Powde
Company, constituting the entire hold
ings of the said T. Coleman duPon
for SS5 per share for the preferre
stock and 5000 per share for the con
J mon stock
"And whereas. During the month
r March. 1918, Pierre :. dupont purchas'
the said r. Coleman duPont's said stoc
consisting ot "A, 500 shares of preferr
and G3.3l4 shares of common, at q
price of $50 per share for the prefeu'
and 5000 per share for the common, al
associated with the said Pierre :. d
Pont in the said purchase were certa
members of the Board Of Directors
the f. |. dupont de Ncmours Powd
Company and of this company.
"And whereas. Certain officers al
members of the Board of Directors
the Z. l. dupont dc Nemours Powd
Company raised the question of {
propriety of Pierre s. DUPONT and ]
associates buying the stock Of T. Col
man DUPONT for their own purposes, ]
stead Of making tho purchase on behs
Of the T. I. DUPONT de Nemours Powd
Company.
: "And whereas. as a result OF tn
question being raised the said Pier
s. DUPONT. on behalf of himself al
his associates in March, 1915. STATE
to the Board OF Directors of the E.
DUPONT de Nemours Powder CompaI
that he was willing TO entertain an O
fer from the Company for the pu
chase Of the said T. Coleman dupont
stock upon the same terms and Co