New-York tribune., 1900-01-14
A POOL AGAINST SAGE.
STANDARD GAS COMMITTEE FORMED TO
HOLD CONTROL OF THE STOCK.

In self-defence and driven thereto by the un-
expected action of Russell Sage in parting
with large block of his stock in their COM
pany, a committee of stockholders OF the Stand
ard Gas Light Company has been appointed
for the purpose of forming pool of the stock
sn order TO keep the control out of the power
of Mr.. Rockefeller any else, unless all
the shareholders get a chance to sell out at the
time and at the same price. Mr.. Sage is
charged with having entered into a verbal
agreement of this kind before he sold his shares
Unexpectedly.
This pool committee contains a majority of
the Board Of Directors. and includes John T.
Terry and Frank Tilford, who are credited
with telling Mr. Sage some exceedingly plain
truths at Fridays meeting of the companys
Executive Committee at which time demand
was made upon Mr.. Sage TO resign. Mr.. Sage
admits that there was some talk of my getting
out" but says it came from persons whose
holdings in the company are comparatively
small" Here is the letter which the pooling
committee sent out yesterday to all stockhold-
ers:
New-York, January 13. 1900
TO the stockholders of the Standard Gas Light
In the judgment of the subscribers the best
Interests Of the stockholders of the Standard
Gas Light Company, by reason of certain recent
the part Of the stockhoIders A committee Of five
such action and of advsng G wP6 the @
and of securing for all the benefit of combined
hSI0h me Undersigned, majority OF the Board
OF Directors of the company, constitute said com
ffoc in 95ner TN parties 0Ening large amount Of
agreed with the said committee to cooperate with
n writing with the committee and with each Of
@ 05er ON e nu2sebers @ TO the agreement that they
Company. or any of il. without first offering it at
The aforesaid committee earnestly advises all
stoekhoders not TO dispose Of of their stock in
nndersigned and also earnestly advises them and
agreement, and TO secure the benefit thereof which
can only be effectualy done by becoming parties to
agreement is requested to send his name to the
committees counsel, Benjamin B. McAlpin, No. III
Broadway. New-York City. where he Will have
opportunity TO sign at Mr.. McAlpin's Office the
that he may desire about it. If desired Nj McAi-
pin viii call on any one desiring information. The
agreement may also be signed at the Office of
E. A MALP1N.
OLIVER s. CARTER,
FRANK TiLFoRD
CHARLES DANA.
Mr.. Terry is trustee of the E. D. Morgan
estate. director in the Gould railway com
panies and several banks and trust companies
While he will not tell what happened at Fri
days meeting, It is reported that he was fore
most in reminding Mr.. Sage of his broken prom
ises, and Of the Tina when, it is understood he
refused to give them the opportunity to accept
an advantageous offer for their holdings from
Mr.. Rockefeller two years ago. Other stock
holders emphasized what Mr.. Terry said, so the
report goes, and after vainly demanding that
Mr. Sage resign. told him that he would not be
reelected at the expiration of his term next
April To all this Mr. Sage replied, 1t is said
that he did not consider he was bound in any
way not to SELL
When Mr.. Sage was asked yesterday about
the demand for his resignation, he declined to
gay much about Il. why should resign?" he
asked Il was elected to protect the interests
of the company. and propose to go right along
doing so. Yes, there was some talk about my
getting out, but it emanated from people whose
Interests are comparatively small. There has
been no end Of Misrepresentation about my sale
of Standard stock. I said some time ago. and I
repeat ii now, my holdings were not bought by
William Rockefeller. I am just as sure as
can be that Mr.. Rockefeller hasn't got my stock
now. also firmly believe that interests entire
ly separate and distinct from the Consolidated
Gas Company bought the stock"