Every evening, Wilmington daily commercial., 1918-12-28
ARRAY OF LEGAL TALENT

Of Delaware
ARRAY OF LEGAL TALENT.
Both sides will be represented by an
array of noted attorneys, such as have
never before confronted each other IN
the courts of Delaware Solicitors for the
complainant will consist Of Henry p
Brown, William A. Glasgow, Jr., and
Robert Pennington The late John G
Johnson, of Philadelphia, was chief coun-
sci for the plaintiff when the bill In equity
was filed in April, 1917
Among the solicitors for the defendants
II Philander &. Knox. former secretary
of state of the United States, and his
associates will be Richard v Lindabury,
George s. Graham, William I'll. Button
and William s. Hilles Judge John p.
Laffev Is chief counsel
Mrs Perot states in her bill of com
plant that she is the owner of los shares
of the common stock out Of n total OF
lO0, 900 shares. and is Also as one "cestuis
que trust interested in 1878 shares OF
the debenture stock and 7,ll6 shares OF
the common stock OF the company held
under the will of her father, Francis G.
du Pont, deceased
She charges that approximately up
wards Of sl4, ,167 ,020 was diverted from
the treasury of the company In the ao-
QUESTION OF stock distributed under the
bonus plan, and that an additional $3.50,
600 WAS similarly expended for certain
number OF the shares which we're delivered
10 Edmund G.. Buekner. without any right
on his part to receive them.
In summing up her complaint, Mrs
Perot asked that decree be entered re-
quiring the defendants TO state an account
-
10 time appropriated IN the purchase of
the stock mentioned, giving the names
Of the vendors OF the shares, the amounts
defendants to return to the company the
amounts OF money So appropriated to-
gether with interest ther on.
The defendants, IN their answer filed
April 25, 1917. avered thst there were
COL .10l shares Of voting debenture and
common stock Of the compsny outstanding
instead of 593, ,294 shares as stated by
Mrs Perot In denying the allegat ions
Of conspiracy or scheme 10 distribute
assets of the company 10 which they
we're not entitled. they declare that the
bonus system was but a cont iuu8tIon OF
that inagurated in 1908 hy old company
and that such plan WAS devised and put
into operation solely for the purpose OF
benefitlng the company, ITS stockholders,
through giving its employees increased
interest in its business and an incentive
to make the business profitable and
renuneratNe.
The bonus plan Of the company is
briefly as follows:
Bonuses, consisting OF stock al the
colnpany. may he granted to employees
who have contributed IN an unusual de
gree To the success of the company oy
their inventions ability. industry and
loyalty, and whom it is deemed desirable
to have interested in the business rs stock
holders Awards will be made under one
or both of the following classes:
Class a Bonuses for inventions OF
other conspicuous service shall be granted
entirely irrespective Of the eompanv's :
earnings, each case being consldereI on
its merits without regard To departments ii
lines or limitations as to length Of service
Class b Bonuses in the nature Of
profit sharing with those who have con
tTibuted most in Il general way Ia the
company's success shall be granted in
accordance with the following conditions
IA The total value Of stock at actual
cost 10 the company, which may he award
ed each year under Class B. shall be ap-
proximately per cent of the surplus
left from earnings after the payment OF
debenture stock dividend and per cent
dividend on the common stoch
Should beneficiary be dismissed from
the service OF the company, for no fault
of his own with All entirely satisfactory
record he may continue a beneficiary
under the bonus plan to such extent as
the executive committee may determine
BenefcIaries retired On pension shall
not forfeit any rights with respect to bo-
ruses aWarded