New-York tribune., 1902-08-21
JOHN w. GATES ENJOINED.
NEW MOVE BY THE OSGOOD INTERESTS
PREVENTS ANNUAL ELECTION OF
COLORADO FUEL AND IRON

Denver Aug 2O.-Judge John l. Mullins OF
the District Court, issued an injunction to-day
that caused postponement of the annual cleo
tion of the Colorado Fuel and Iron Company
which was to have taken place at ) o'clock this
afternoon.
The Injunction was obtained by A. NJ Ste
venson attorney for George F. Bartlett. stock
holder in the corporation. The application al
legged that the present controversy was DONG
vast harm to the shareholders. and asked that
the property be protected by stopping the hght
until such time hearing could he had IN
court All these things were granted in Judge
MulIinss order.
George F Bartlett is secretary of the victor
Fuel Company and although he AYERS thls
move is made of his own voliton. it is under
stood nevertheless. that he is acting in the IN
terest of John c. Osgood. who is said to De
without sufficient stock to elect BOARD ana
who il is alleged. wants the matter postponed
until such time he can acquire other STOCK
Osgood is also more than anxious TO ne renewed
from John w Gates's threat TO keep up htiga-
ton until a compromise shall be effected Inc
Gates people disavow any connection with Bart
lett or knowledge of his move
The effect of this injunction will be 10 stop the
fight until the injunction shall he dissolved
either by an answer made 10 1t or by hleher
authority than the District Court
Gates and all the shareholders in the Colorado
Fuel and Iron Company whom Gates Is pre-
suned 70 represent are made defendants IN 'he
action Other stockholders. who. it is averred
are being made to lose money by the quarrei
over the control of the company. are invited
IN ioin the plaintiff Bartlett. in his action 20
sion the factional quarrel until the court shaI
determine the merits Of the case
one effect of the injunction. unles SIT Is dlS-
solved will be to continue Osgood, kebler ana
the rest of the present regime in once unui
their successors shall he chosen The general
belief is that a compromise VIII result ii''''
the Bartlett injunction.
1areA force of deputy sherifs is at the
BOSTON and Block headquarters Of the Colorado
Fuel and Iron Company. prepared Tor any
emergency.
The following statement was given to The
Associated Press tonight by a representative
OF John ". Gates.
In the Colorado Fuel and Iron Company con
tIoversy injunction Vas ISSUED go. to-,laS -
restrain the holding OF the annual meeting -
for Z o'clock o m George =. Bartlett. stock
holder in the interest Of the oSgood factioH
brought the suit in the District Court, naAlnS
Nassrs Gates Blair and Mitchell and all share
holders Tor whom they hold proxies parteS de-
fendant TO the suit. together also Win toe
board Of directors Of the company An eN ParlS
Injunction. granted without notice. was issued
and served a few minutes before = o CIoch en-
Joining the holding of any annual meeting or
taking any proceedings until the further order
of the court. other than 70 adjourn
The defendants Gates Blair and Mitchell to-
gether with other defendants acting with them
Immediately gave notice of motion TO dissolve
The injunction granted. and the matter will
he called up for hearing soon as practicable
under the pra ctiCe in Colorado
sharp decline in Colorado Fuel and Iron stock
In the New York market yesterday due - the
| receivership and litigation rumors in connection
with the contest for control of the company
Denver Dispatches received in Wall Street indi-
Gated that control OF the company would he
settled a annual meeting and that the
pany would be involved in litigation. possibly for
the appointment Of a receiver. Colorado Fuel and
Iron shares sold $ at the opening of the market
the price down steadily 81, and rallied
only points before the close. About $500 shares
were sold below ~. a member of the firm or Harris
| Gates & Co speaking of the contest being waged
/ in Denver. said
Whenever there is a contest for control OF a large
property there is usually more or less veXatious
! litigation. The contest for the control of
| Colorado Fuel and Iron will probably be sXCep
| rion. We have. however. absolutely doubt that
control will be with friends when the contest
ceases. simply because large majority of the
1 committe composed OF Messrs. Mitchell Blair and
Gates They represent about 2A 600 shares, the out
| standing total is 26o 0o