New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-09-04
GATES SAILS FOR EUROPE.
ANOTHER STATEMENT FROM HIS OF
FICE SAYING FIGHT WILL BE
CARRIED on VIGOROUSLY.

John w Gates sailed for Europe on the
steamship Majestic yesterday. and after his de-
parture there issued from his Wall-st ofce
q new statement regarding the fight for control
Of the Colorado Fuel and Iron Company. II
declared that Mr. Gates had gone away for a
rest Of three weeks, and that in his absence the
contest over the Colorado Fuel and Iron Com
pany would be carried on vigorously 1t was a
mistake the statement said, to consider the
fight merely as Gates-Osgood fight, because IL
was of great Importance TO all corporations
whose stocks were listed on the New-York Stock
Exchange. The statement continued:
The case is simply this: Can who happens
TO be the head of company, with a suhserNleli
board of directors many of them employees and
none of them stockholders Of the company to any
considerable amount, keep the control OF com
dfths Of the stock of the company? The stock 81
dealt in almost exclusively on the New ORR sooH
Exchange. The transfers exclusively MADE oy
by the Atlantic Trust Company. The officers OF the
company sign the certificates OF stock To- ~
other requirements for transfers ~
they appreciate that the stockholders no more
of their inefficient management, they take me oS!
zion that the transfers made and registered in New"
York recognized as good transfers by the STOCK
Exchange. not entitled to be represented dti
voted at the annual meeting. because. Ie[ F u;
Osgood has not seen fl 10 note such transfers '
the conpany's books in Colorado Ill,
Furthermore Osgood wilfully and interIlol !;
omitted publish the notice OF the annual
print 90 notices the meeting and requested proN
les for himself This is easily explain oE reas{n
of the fact that by the bylaws of the company me
printed notices had to be sent TO the stocAh9C5SS
thirty davs before the meeting. The puohSLttu
notice had TO be published only ten days before Ile
meeting He sent the printed notices 1Illl.
nasetosR no responses to his call proxies he
pTsIf1Ilv and Intentionally omitted TO publish tle
notice OF the meeting. for the express pqrPU ,s ~
validating the meeting and thwartlns 1he vs.
.he owners of four-fifths Of the stock OF the Com
nsny The committee fully appreciates the inpoT77
4arcs nj the settlement of these questions as 10
corporate interests. The rights Of the owners - q
majority of the stock OF a company ihus' " IMAM
tanned.
John c. Ossood, president or me N'-oi a4'
Fuel and Iron Company. read the proclame'lollS
from the hostile camp and said he did not want
IN make any comments on them He declared
recently that he intended 10 carry on the h-i'
against the control of Mr. Gates. but ne pre-
ferred TO keep the fight out Of the newspaper
as much possible 80
The nassenger list of the Majestic did not con
tain the name Of Mr. Gates When ne hTsl - "
two reporters who interviewed nm \ loon 90
arrangement appeared on his face.
How on earth did you fellows mo olt 'haI
was going avvav?" he CALCULATED I tnouSft
had fixed things that no one could hlo" am
thing about il .s South,
ern Securities Company in connection Win u!y
louisville and Nashville Railroad was aSNeH
Have YOU heard Of Mr.. brakes challenge
Offering TO pit Savable against any olhef Nv"
year-old horse. boing accepted
Yes - :. -.
DO YOU think there is any other horse in HI;
class that can beat him? - :;
Il don't know, but he had tight squeeze Il
NJ cstes said he would be abroad about si1
weeks and that he would spend most OF il'S
fine in Scotland shooting.