Evening star., 1902-08-21
GATES FACTION OUT
Resign as Directors of Colo
rado Fuel and Iron.
THE MOVE A FAILURE
oSGooD FACTION STILL CONTROLS
THE PROPERTY.
Belief in Denver That a Compromise
Will Soon Be Eff
fected.

DENVER Colo, August 21.-The reSiGna-
tions of Messrs Gates, Mitchell. Blair and
Lambert as directors of the Colorado Fuel
and Iron Company, as announced by John
w. Gates at midnight were sent to the
headquarters of the company shortly be-
fore the time for the annual meeting, but
no action was taken by the board, as
there was no meeting thereof.
1t is the opinion of attorneys that under
the law of Colorado the four men named
are now out, as it is not necessary for any
further action to be taken on the resigna-
tions. The movement was made I'm order
that Gates and his friends might occupy
a better strategic position in the great
fight now under way to secure possession
OF the management of the company.
Osgood Faction in Control.
The osgood management remains intact
until an election is held, and if the stock
book is to be prepared before the election
takes place, as announced by Chairman Os-
good, several months more may elapse in
the meantime Mr.. Osgood and his support
ers will spare no efforts TO secure posses
sion of as many possible OF the proxies
now held by Gates. A big battle i'm the
courts is expected, and the best legal
talent will be invoked on both sides
1t is announced by officers of the fuel
and iron company that the fight will i'm no
way interfere with the large building OPP
erations now in progress at Pueblo. and
that all operations of the company will be
carried forward usual.
Mr.. Gates is confident of victory and
Will proceed to New York to present his
claim to holders of stock on the Atlantic
seaboard. 1t is conceded that finally the
majority of stock will win. and it is also
conceded that a compromise is an impUs-
sibility
The question of eX-parte Injunction is
sued by Judge Mullins which caused an
indefinite adjournment of the annual meet
ing of the shareholders, may be argued on
Monday next.
Injunction Steps Election.
Judge John l. Mullins of the district court
issued an injunction that caused a post
ponement of the annual election which
was to have taken place at 3 o'clock yes
terday afternoon.
The injunction was obtained by A. NJ
Stevenson, attorney for George F. Bart
lett stockholder in the corporation The
application alleged that the present con-
troversy was doing vast harm to the share
holders, and asked that the property be
protected by stopping the fight until such
time as a hearing could be had in court.
All these things were granted in Judge
Mullins order.
George F. Bartlett is secretary Of the
Victor Fuel Company. and, although he
AYERS this move is made Of his own Voi-
tion, il is understood nevertheless that he
Is acting in the interest of John =. Os-
good, who is said to be without sufficient
stock to elect board. and who. it is al
legged, wants the matter postponed until
such time as he can acquire other stock.
Osgood is also more than anxious to be re-
lieVed from John w. Gates threat to keep
up litigation until a compromise shall be
effected. The Gates people disaVow any
connection with Bartlett or knowledge Of
his move.
Effect of the Move
The effect of this injunction will be 10
stop the fight until the injunction shall be
dissolved, either by an answer made to it.
by a higher authority than the district
court.
Gates and all the shareholders in the
Colorado Fuel and Iron Company whom
Gates is presumed to represent are made
defendants in the action. Other stockhold-
ers, who, it is averred, are being made to
lose money by the quarrel over the control
of the company, are invited to Join the
plaintiff, Bartlett, in his action to stop the
factional quarrel until the court shall de-
termine the merits Of the case.
One effect of the injunction. unless It is
dissolved. will be to continue OsgCod Keb-
Ter and the rest of the present regime in
office until their successors shall be chosen
The general belief is that a compromise
will result from the Bartlett injunction.