United States Circuit Courts of Appeals Reports (167); With Key-Number Annotations V. 1-171 [1891-1919].

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 Excerpt: ...purchase of the stock. I am not sure. Q. State what Mr. Alfred I. Du Pont stnted as his view about it, and what you stated as your view? A. Mr. Alfred L Du Pont advocated the purchase of the stock at a certain price. Q. What was that price? A. $125 a share. Q. What was your attitude? A. That was my attitude, too. Q. Was a resolution offered at the meeting to which you refer on that subject? A. I believe there was. Q. Who offered it? A. I think It was offered by Mr. Alfred I. Du Pont Q. Was it verbal? A. Verbally offered. Q. I call your attention to the minutes of the meeting of December 23d, and read to you the resolution as appears there as follows: 'Mr. P. S. Du Pont presented a letter from Mr. T. C. Du Pont, offering to sell 20,700 shares of common stock of this company at $160 per share. After discussion, it was moved and carried (Mr. P. S. Du Pont voting In the negative) that Mr. P. S. Du Pont be instructed to advise Mr. L. L. Dunham, attorney for Mr. T. C. Du Pont, that we do not feel justified In paying more than $125 per share for this stock.' Does that resolution correctly set forth what took place at that meeting with reference to the presentation by Mr. P. S. Du Pont of a letter on that subject? A. I do not remember any letter was presented; that is to say, there was no letter given to the board to read. Q. Did you see any letter? A. I did not see any letter. Q. I read you further: 'After discussion, it was moved and carried (Mr. P. S. Du Pont voting in the negative) that Mr. P. S. Du Pont be instructed to advise Mr. L. L. Dunham, attorney for Mr. T. C. Du Pont, that we do not feel justified in paying more than 5125 per share for this stock.' Does that resolution correctly recite what was the ...