Evening journal., 1917-10-09
stockholders
OF DUPONT CO.
Vote TOMORROW
Continued From First Page.

Continued From First Page.
day by some persons who have fol-
lowed the litigation closely that at
least 65 per cent. OF the outstanding
stock Cthe former T. G. DUPONT
shares in dispute being barred from
voting), will be cast against the pur-
chase Of the former T. c. duPont
stock by the company.
According TO reports today men
friendly 70 Pierre S. dupont
and the other defendants in
the suit have proxies for enough
stock. which with their own holdings
and that OF other friendly stock
holders. total az least So per- cent.
of the stock elig bic to be voted.
There are 12662S shares OF COM
mon stock Of the company involved in
the case, it having been issued when
the new company was formed, T.
Coleman dupont having sold 63,314
shares Of the old DUPONT Company
TO Pierre S.. DUPONT and his associates.
The stockholders will vote upon
company shall buy this disputed stock
al the price paid for II by Pierre
S. DUPONT and his associates to T. G.
dupont, and requir ng a. the same
time p s. dupont and HIS associates
to turn all dividends they had re-
ceived on that stock over 20 the du-
Pont Company, less legal interest on
their investment.
Under the decree the 126,62s shares
Of common stock in dispute in the
case are barred from being voted. All
votes cast upon stock held by the
company or for the benefit OF the
company for bonus stock or for the
I Delaware Surety Company shall be
separately reported when the vote is
canvassed by Special Master Hast
+ ings, and all votes cast upon stock
, owned or held by the defendants in
the suit also shall be separately re-
ported.
Judge Hastings had a big task in
sending out the copy Of the decree
] and form OF proxy 10 be used and
form OF resolution to be voted on 10
3 the 5000 or more stockholders Of the
dupont Company, many Of whom
e live in foreign lands.
The voting shall be by ballot. No
= shares shall be voted that have been
e transferred on the books within
twenty days of the meeting. Each
I ballot case shall contain a copy OF
o tho resolution voted on signed by the
e stockholder or his representative
who votes IT,
G Under the decree OF Judge Thompson
q Special Master Hastings shall report tho
q rar 20 aN 20. Il
Y ers and holders Of proxies who vote at
e the meeting, and the number Of shares
{ voted by each, and also shall submit
1 all ballots and proxies to Judg,
- Thompson at the conclusion OF ths
c stockholders meeting.
9 As the master Is required 70 repor
/. separately the stock voted by the de
a PENDANTS in the case. and also the votinl
1t OF stock that may be held by or for III
e company as bonus stock, Il Will leav
s. the way open for the plaintiffs, shOul
IS the meeting vote not TO purchase tn
stock, TO attack the voting OF such stocl
e when the master makes his return {
's Judge Thompson.
It The canvass Of the vote is expecte
N to be long-drawn out procedure o
- the part OF Special Master Hastings, a
Is he will be required to check up th
g ballot and the stock 10. represents wit
y the stockholders records of the duPon
81 Company. and he also will have
It check up the bonus stock and the stOc
. held or owned by. defendants in the SUI
ID from the stock records.
n. T. C.. dupont first offered part Of .hi
rs stock holdings 10 the dupont c0mpsn,
J. for distribution among faithful EN-
ployes. hut the company did not accep
10 his offer, and T. c. dupont then with
Is drew his offer TO sell TO the company
er Later Pierre 5. dupont and his assocl
IS ates bought the stock. paying Si3.903
Sc and 1850 shares OF preferred stock Q
be the old dupont company. They poole
the stock in the dupont Securities Com
y pany, by whom il now is held. They rC
n ceived i26,62S shares OF the new duPor
10 company's common stock as a dividen
" on the old stock. The price paid for Oh
old common stock was $500 a share
Of The increase in market price Of d
c- Pont shares al one time gave the sto'
Of i'm dispute a valiie of S63 COO ,OOO-if
et market could have been found for it
ch the highest market prce. The dividen
of paid on tho stock in dispute amounts
II. TO approximately slsOOOOO0 (includiI
interest or those dividendsl up 20 Jan
ary 1917. The stock in dispute h
m~rket nlue today Of ta'bour S3s
100000, If present quoted prices cou
be obtained for IT, The suit in u
case in which tomorrow's meeting W
n be the climax was brought two yea