The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-11-25
GOULD And HARTMAN BREAK.
RUPTURE OVER COLORADO FUEL
AND IRON.
MIR. Gould Says lie Did Not Authorize Use o.
His Name by Mcssrs. Hartman and Haw.
Iey-Calis for Proxies Independently
--Flatly Contradicted by Mr. Hawiey.

day, with an unexpected disturbance OF
the harmony Of interest" peace. when it
became known that George y. Gould had
issued circular to the stockholders of the
company announcing that his name had
been used without authority in association
with the names of Edwin Hawley and f. II.
Hartman, in previous circular TO which
the three names were signed, and which
solicited proxies for Use nj the annual meet
ing TO be held, under jurisdiction OF the
court at Denver on Dec. TO-
Mr.. Gould's actio was a complete sur
prise TO Wall Street, which has taken it
for granted ever since the circular asking
for proNi - was issued that he was closely
bound up with Messrs. Hawley and Harri-
man in an effort to obtain control OF tho
| Colorado Fuel company. Here is Mr.
Gould's own circular:
To the Stockholders Of the Colorado Fuel and
Iron Company:
During IA recent absence from the city I
cscertained that my name had been used In
circular dated Nov. 10. requesting your
| proxies. This call made without my
knowledge. consent or authority. neither
! the circular letter nor the form of proxy
! Herewith enclosed having been submitted
! to me. On my return to the city promptly
disavowed all responsibility for such call and
proxies. therefore request thst all proxies
| b, airing my name and executed In response
| to such circular be revoked
| As, however l own and control substantial
| interest in your company, ] invite your CO.
! operation at the coming election of directors
| and enclose form OF proxy. by signing which
| you will revoke any former proxy signed by
you. and will intrust the representation
| OF your interests TO my associates and myself
| on the assurance that your proxy will be
! used for the election of directors who will
| conduct the business OF your company with
the sole purpose OF protecting the interests
| of IS stockholders.
| Very truly yours.
| GEORGE J. GOULD.
| l95 Broadway. Nov, 81.
Accompanying Mr.. Gould's circulars were
proxyforms naming GeorgeJ. Gould. George
=, Butler and John II. McClement proxies.
Mr. Butler is the head of the stock brokerage
firm of George p. Butler 4 Bro, and John
| II. McClement IL partner in that firm.
This is the firm that has been soprominent
recently in the buying of Manhattan stock,
and it is known as Gould house.
Later in tho day It was known that on
Nov. Is, nearly a week before the date of
this circular, Mr.. Gould had written to Mr.
Hawley and Mr.. Hartman as follows;
Edrin Hdrley, Esq
| DEAR SIR: During my absence in North
Carolina ] was surprised TO learn by wire
that proxies to vote Colorado Fuel and Iron
| stock had been sent out in your name. Mr.
| Harrimans and my own. While there had
| been some discussion OF the advisability
OF calling for proxies. no understanding
had been reached as to the making Of the cal
| or as to the use OF any proxies which might
be received il the call should be made.
| On inquiring on my return this morning
find that neither Mr.. Butler. to whom
had referred you during my absence. MOI
| any one authorized to act for me. has taker
any action or has had any communication or
| the subject while was away.
| am therefore at n loss to understand
| why the calls were made in this way without
authority and necessary understanding.
send similar letter to Mr., Hartman.
Yours truly,
NEW YORK. Novih GEORGE j. GOULD.
The Gould circular was followed YESTERDAY
by this one, enclosing new Hawley and Har-
riman proxies:
In view of misunderstanding as to Mr.
Could desire t o join in he request heretofor,
made, for proxies covering stock Of the Colo
signed win esteem i favor il YOU viii Kind,
execute the enclosed form of proxy in accord
, ance with the directions printed thereon
, addressed envelope. for use lin lieu OF tn.
proxy previously signed bv YOU at the sub
. stitute annual meeting Of the stockholder
of the Colorado Fuel and Iron Company Il
be held ut Denver. Colorado. on Dec TO- 100.
or a. otherwise provided II said proxy
NEW York, Nov. 81. f. ii. HARRrMAS
Mr.. Hawley said Mr. Gould's name wa.
. not used without authority. A meetinf
was held early in November at Mr. Harl
mans Office at which were present Mr.
Hartman, Mr.. Gould. another man an,
| k, " nlr nfl %,
| vassed, directors 10 be named at the annua
| meeting decided upon, one of which wa
ted by Mr.. Gould himself and the proN,
, call discussed MIR. Gould's name was no
| used without his permission
Later in the afternoon after Mr.. Hawle.
l had made the above stat ement, a meetin,
/ was held at his office, rs Broad street, whcl
was attended by Mr., Hartman, Lawye
} Miller of Hornblower, Byrne, Miller ,
, | Potter. and LAWYER w ID. Guthrie of CT,
rie, Crava,h & Henderson. After o'ciyc
l Mr. Hawley gave out this statement:
TO nc Stockholders Of the Colorado Fuoi ~,
Iron CompGnu:
Referring to the circular letter Of VI
! George j. Gould, under date Of Nov 81, no.
the undersigned submit the following:
on Nov, q they had a conference with W.
HS oMev az could %niM and Tr r Should join in
request to the shareholders of the Colorad
r Fuel and Iron Company for proxies IN thei
. Was approved by all, Including Mr. Gould
The form contained the names OF Edwl
I Hawley George j. Gould and +. II Harrima
i as the persons in whose favor the proXie
: were to he made Mr. Hartman made som
suggestions looking to slight alterations Il
the form of the PROXY and th"s" suggest ION
. were likcwi.o approved by Mr., Gould Their
= was no mention by any on" of desire to :"
q another proof of this proxy.
The proxies in favor OF Mcssra. Havlcy
Gould and Hartman. in the identical fort
thus greed upon, were mailed to stockho'der
| before Mr.. Gould's departure for tn" So''
on Nov II, and the under igned were thereior'
n much stlrpr Cd to receive n letter from VI
Cloud dated Nov. Is. in which he stated that
While there had been some discussion {
}, , the adVi stability of calling for proxies, u
A | understanding had been reached as to- III
u making OF any call or rs to the use Of an
70 proxies which might be received II the ca
a should be mad"
W on In, contrary, the undersigned not on
y understood that they had distinctly agree
ii with Mr. Could that the call should be mad
a ! with the proxies in the form approved h
in him, but fully believed that they had agree
, ! with him as to the use which should be mao
of such proxies when received
At subsequent meeting on Friday l1s
Nov 81. Mr. Gould proposed that the proAi'
already obtained should Toe divided betwet
. | himself and the unders' EN 4 The latte
y however, insisted that under the cirouu
Is stances the proxies should D." returned
~ The undersigned again request that II "
- are willing to i1trust to them the represent,
l. ton Of your interests Ut the coming meetin
70 b" held on Do" No.. YOU will execute q
form Of proxy in the,r' favor already mailc
r. to you and return the sam" 10 them. tn,
.