The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-25
FIGHT FOR RAILWAY
INTERESTING CONTEST FOR POSSES.
SION OF THE SANTA FEE ROAD.
Grain Rates to he Raised by the Gem
trail Traffic AssOciatiOn-The L.,
1. & l.. Extension.

The fight for the possession OF the Atch-
ison, Topeka & Santa Fe railroad looks
decidedly uncertain. No one, not even the
representatives of the two opposing fac
tons. can positively tell which side will
win a the meeting to be held In Topeka.
Kan, to-day. This is not a fight for imme-
date control but for the ultimate possess
sion OF the property, a dispatch says. So
long as the system Is In charge OF the
United States Court It matters little who
Its directors are, but when the property
shall be reorganized the party which wins
to-day will reap the reward. A man
not familiar with Kansas people and the
Santa Fe railroad can hardly imagine how
closely they are identified and how essen
tial they are to each others existence. The
remarkable interest that Is being shown in
this contest is not aroused by the fact
that 1t Is one OF the greatest fights for
possession In the history Of American rail-
ways. but because many thousands of peo-
pie all along 1900 odd miles of the railway
are dependent upon 1t for employment
sesses remarkable interest because there
mas never been just such a fight before for
10 great a stake. The Ives fight on the
Nortnern Pacific resembles il somewhat.
and the contest for the possession of fhe
Reading is not different In many respects.
1-~- w y iAlcIGSl SuCn a large MIMI
Der or people and are not so close, Manv
people in London, Amsterdam, New York
and Philadelphia. in Boston and all of
Rev Engiand are interested In the fight
They gave proxies for the shares of stock
they hold to representatives OF one side
or the other with the privilege of a recall
any time before 10 O'Clock last night. and
II some big stockholder should have been
won over from one side to the other it
would change the whole course OF events
az the meeting to-day. The famous Dutch
proxy or about 5000 shares of stock which
has been talked about so much. has iralIv
been secured by the general committee in
ravor or perpetuating the present manage
menI Ih1s proxy Is even now claimed by
both sides. but a member of the present
board yesterday showed a reporter a cable
gram from Amsterdam Internationally sur
rendering this proxy to the general com
mittee. The Cheney holdings OF Boston.
comprising even more shares than that
are rnquestionably In possession of the
present board.
Theodore w. Myers. Gen. Benjamin F.
Tracy. ex-Secretary of the Navy: Newman
Erb. William p. Smith, Z. ". TAYLOR and
H. ID. KYLE. all Of New York. were yes
terday digging up legal support for a plan
or cumulative voting, which they will un-
fight that will postpone the result for
several days or weeks. IL Is said thai the
''protectives' have about 300. 600 shares of
stock. This, multiplied by thirteen, the
number OF directors to be elected. would
give them a voting strength of 800. 600. or
enough TO elect three. Should a compro-
mise be proposed the 'protectives'' would
of course demand three directors. The men
who hold the majority proxies are not
talking compromise. SO far as they permit
the public to know they are preparing to
elect the slate prepared I'm New York