Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1917-04-13
"Roche.tcr. Mimi. I.lI.l5.

made the offer and made a price that /
hOught low. but ! conccdc that ! have
llways placed higher value on the
stock than others. I did IL for the good
IF the new committee but am not anx-
GUS from selfish standpoint TO carry
Il out, except for the good of the Co.,
md that is more important than per
'onal reasons.
"lf you feel IL good thing for the
Co.. talk TO Willie and do il. if not don't.
II may make some dill in my Equitable
Finances but think not that is ] think
can make some arrangement when /
get back that ! cancelled before leaving
so use your own Judgment.
"Your ait cousin,
Coleman"
On Jgauary Il. 1915. Pierre replied
TO this letter as follows:
MIR n. G.. DUPONT, Rochester, Mime
sofa.
My dear Coleman
AS to the stock offer; In Willie's
absence I shall do nothing. He will be
here in "a week aud / will try to get
some action. If this is not possible il
will mean that the question of value of
the stock was not uppermost in their
minds. If not finally accepted would
you approve making an offer direct TO
the meny ] should think that financing
suitable 90 you might be arranged I
am quite sure that they would like TO
take the stock, but do not feel in posi-
ton TO say anything while you are ne
gotiating with the Company. No one
but the Executive Committee and direc-
tors know of the offer as far as ! know
The Board of course knew il through the
minutes of the Finance Committee.
Your aiIectionate cousin,
"Pierre S. DUPONT
This letter of pierres makes il clear
that he knew that the offer for Cole
mans stock had not been rejected, and
that az the time the letter was writer
the negotiat IONS BETWEEN Coleman anC
the Company were still pending.
When Pierre says On Willie's absenc,
shall do nothing. He will be here il
a week and ! will try to get some &C
tlon. II this is not possible it will NEAR
that the question of value of the stool
was not uppermost in their minds" hi
was evidently referring 10 what Cole
man said in his letter of January Il
about price. but he still omitted tellinl
Coleman that Alfred and William
thought that the stock was worth bu
Sl25 on December %. If the facts stat
ed to Coleman had been known to then
and it had been made known to Cole
man that the resolution offered in tn
committee did make it apparent that Tn
price was what was uppermost in thei
minds. il surely would have been of ad
vantage TO the company in the negotia
tions that were pending, in view of Oh
| immense increase in the business of IN
company, which will appear later, an
its influence upon the value of the stool
Meanwhile, Coleman, on January l.
wrote as follows:
Rochester, MINI. Jan. 10, 1915.
Dear Thinking over the stoC
offer matter I still think il an advai
tage to the company, but in view of A
fred's position ! think it best TO wit
draw it IL the Finance Committee h
not accepted my proposition; when g
home we can talk IL over and If be
/ can renew it, but it seems very II
businesslike TO leave il in its prese
condition
"Of course if you have talked TO VIII
or are in any way committed that Sc
ties il, ! will carry out any statemel
you have made on the other hand if yC
have not made any my judgment is
withdraw It, again if you have any goo
reason for not doing so let me kno
your position.
Your aifectionate cousin.
COLEMAN DUPONT
Coleman then sent to Pierre the 70
lowing telegram;
January II, 1915.
| Rochester, MINI,
up. S. DUPONT. Wilmington;
Letter of l4th received. If you al
not committed withdraw my offer. Wi
write.
COLEMAN DUPONT
When Coleman wrote his letter {
January 10, in which he states he think
it best TO withdraw the offer Gin vie
of Alfred's position but leaves the ma
ter TO Pierre's Judgment, he had not n
ceived Pierre's letter OF the l4th. Nor
over. not having been informed l
Pierre that the failure TO accept his o
fer was based upon the value of Il
stock on December %. and neither
the other members of the Finance Cor
mittee having any knowledge of the n
lgotiations or the Withholding of info
nation from him, Coleman now co
lcludes TO withdraw the offer il Pier
is not committed, but says "When 1 g
home we can talk il over and If be
can renew il, but il seems very N
| businesslike To leave IL in its preset
condition"
Upon having received Coleman's lie
ter OF the 10Th and telegram of the LIT
Pierre wrote him as follows;
January IS, lyl5.
"Nir. T. C. DUPONT,
"Kahler Hotel, Rochester, MINI.
MY dear Coleman; Yours of the l5i
has Just come TO hand. have not tall
ed with Willie alone, as he has been a
sent a couple of weeks and will not T
turn for another week However, as
supported Alfred in the stock propose
feel that I have obtained his opinio
but / had hoped that they would bot
swing around at our next meetin
There is, of course, no commitment; bit
think there will be some disappon
ment, as l believe that the members
the Executive Committee were anXiol
to take the stock. OF course no othe
than the Executive Committee and Il
board know of the offer, but / am su
! that all the men would like to make q
subscription. if the offer was made
them. / will, of course, do nothing fu
&, Their until / am authorized by you.
Nothing new has turned up since &
last writing. We have not yet hea
from the large order for Russia; thou
tomorrow is the last day. 1 will wri
YOU later what we hear.
"Your affectionate cousin,
pierre S. DUPONT"
The correspondence between Colem
nnI pinrrn nm 70 this rnnint ahn,ra n