Evening journal., 1917-11-15
ASK THAT DU PONT
STOCK BE TURNED
over 10 COMPANY
lconllnued From First Page

$50 votes were offered against the COM
pany receiving the profits aforesaid. and
i51959 votes in favor Of recurring tbe
neiendanis to account, and the master
announced that the resolution not hav-
ing received a majority OF the votes
cast the same had been lost: but pc
titioners respectfully show that upon a
proper and reasonable consideration OF
the circumstances surrounding said
meeting and the stockholders voting.
that this Honorable Court should now
direct by decree that the defendants
shall return to the treasury OF the
company the stocks aforesaid. and re-
quire the defendants TO account for
the excess in cash and the Anglo
French honds not converted into cash,
received by them as aforesaid.
petitioners show that the defendants
used all the power and influence Of the
r. ]. dupont de Nemours and Company,
It's officers and directors. agents and
employees TO induce the stockholders OF
the company at the meeting aforesaid
to vote against the resolution sub
mitied TO them by the court, thus using
the company itself as the instrument to
deprive its stockholders OF the BENEFITS
of the enormous profit TO the COM
pany' referred TO In the courts opin-
ion.
The petition cites that the directors
OF the dupont Company instructed the
proper officers TO render such assist
ance to The defense in the above suit as
may best assist I'm establishing the true
facts and It is alleged that the de-
PENDANTS at that time dominated the
board Of directors The removal Of AL
fred /. dupont as a vice-preslrent OF
the company and as a member OF its
finance committee, on the recommends
tion Of Pierre S. dupont as president
OF the company, also Is set forth :.
the petition, The reasons given by p. S.
dupont for recommending the ousting
Of Alfred J. dupont being that 1T Is
quite impossible that this suit should
have been brought without the conniv-
ance and cooperation of Alfred l. du-
poni and it is equally evident that he
has given aid in the bringing OF this
suit and has refused to aid the COM
pany and its officers. etc"
The petitioners attack the publicity
bureau Of the DUPONT Company as fol-
lows:
Petitioners further show that after
the commencement OF the present suit.
the defendants caused the company 10
establish at great expense, what was
known as a publicity bureau, in charge
OF a paid employe Of the company,
which was used 10 disseminate in the
press, reports suggestions and argu-
ments favorable TO the retention by the
defendants OF the profits upon the pur-
chase Of the II. Coleman DUPONT stock,
and which was used after the decree
OF this court was made, TO disseminate
similar reports, suggestions and argli-
ments calculated TO make the stock.
holders believe that the decision OF
this court was erroneous and that the
defendants would resign or the manage
ment be changed II the company forced
defendants to give up the proflts which
the court had held they had acquire,
by fraud
Attacking the issuance Of bonu
stock. it is alleged that an amendmen
q was made 10 the bonus plan on Octobe
q %, 1910, giving TO the defendants tn
domination and control over the vote
o upon 26.ii9 shares Of bonus stock nc
yet matured and also over the vote
OF other stock held by employees hold
ing bonus stock or who might hop
to be thereafter awarded bonus stock"
10 further is alleged: petitioners fur
ther show that after the 18th day Of Au
gust. 1917 the date Of the decree afore
said. and before the holding OF tn,
stockholders meeting on October 10
1917, the defendants procured employe
and officers Of E. l. dupont de Nemouri