Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1894-11-02
THE SANTA Fl ELECTION.


hsi1oad stockhoiders Object to the
Communication Plan.
TOPEKA, Oct. 25.-Very important action
was taken during the night in connec,io,
with the Santa Fe situation N.w,,.n
ED and General b. r. Tracy. acting for
the protective Reorganization committse
Went before Judge G. Z. Foster. of the
onited states district court and asked for
an order restraining tie stock olders from,
electing directors today until the couris
should decide whether the cumulat,ve niar
OF voting could be exercised. judge Fostsr
granted temporary restraining order con-
ditionaiiy; that is, he said the meeting
uoulu pioceeu II the cumulative plan Of
voting were exercised, otherwise not and
In this event he would set tho hearing on
October 80.
Contents of the Petition.
he petition for the Injunction was fil.d
~ benjamin =. Tracy and Newman Erb of
New York. Henry Woolman of Kansas
City. Williams & Diler of Topeka ali
solicitors for William Palmer Smith Of Nav
Jersey, complainant. The petition sets
iorth that IN 1878 the Kansas Ieoislafnrs
passed a culminat We voting law eivin. -
the holders OF stock in Kansas Corporations
the right TO cast ali their votes for ona
director. that is. the number OF Yates To bc
cast on account of each share of stock 10 ba
mn TIPPED by the number OF directors to
be elected and all oil such votes given for
one director; that the law was amended in
1881 as follows: In all elections for ali
directors or trustees of any incorporated
company, cnch shareholder shall have tbe
right TO cast as many votes in the aggregate
as shall equal the number OF shares so ned
by him or her in the said company. mul.
tplied by the number of directors or trns-
tees 10 pc elected at the said election. AMI
each shareholder may cast the whole mum
per OF votes, either in person or by PROXY
Tor one candidate, and such directors or
managers shall not be elected in any other
manner.
BY far The most important point fron, n
railroad standpoint that has deyeloped 80
lar IS That the general committee. If it wins
TINS hght, will make b. II. Cheney. Jr
chairman OF the board. This is the highest
executive position on the railway. Cor
MENUS vanderbilt is chairman Of the New
io'k zen RAJ board, an office higher than
me presidency held by Chauncev N.
Depew. ~
Adjourned to November
At 10 O'Clock the room of General Man.
aser Frye In the Santa lie general office
building was packed with representatives
oil opposing interests. Secretary Wilder
read the cal. and Immediately announced
as committee to take down proxies AMI
see who was entitled to vote, Charles Blood
Smith, James Walker, Jr., and George W
Porter. Newman Erb strongly objected
because the protective committee was NOT
represented, and moved that Henry Wool-
nan OF Kansas Guy bs added. The mo
ton hnally carried. and adjournment was
taken until ~.
This afternoon the Santa lie meeting
elected Thomas A Caborn chairman, and
al burned to 10 O'clock Thursday, Novem-
Der /. Newman Erb introduced a resoln-
ton that the federal court be asked to an.
point committee to investigate the com.
pany' affairs and report 10 the stockhoid-
ers within 30 days. This resolution was
shut out by adjournment.