Arizona republican., 1902-09-01
NO RECEIVER
 FOR 6. f. & l..
Chairman OsgOOd Doesn't See
 How There Can Be One
Dividend Was Passed on Account of Expenditures on New Improve ments-No 0vertures Have Been Made to the Gates Crowd.

New Yolk. August 31.-Chairman J. C. Osgood of the Colorado Fuel and Iron company. who is in the city, was asked today regarding the report that John w Gates would apply fer a re- ceiver for the company.
 ''I am not Q lawyer" replied 0fr. Os- good, but I can't see on what grounds q receiver coald be applied for. I cer tainly would not apply for a receiver, and I balieve MT. Gates would hesitate a lonS time before taking any action in that respect.
 As to dividends, it is not likely that they will be resumed until the company begins to receive the full benefits of the additions and improvements now under way These additions have greatly hampered the operations of the company, and earnings have beer cut down in consequence. If we resumed dividends at the present time we would have to draw cn our surplus to pay them. We passed the dividend because we knew we were acting in the inter- ests O. the stockholders.
 When MT. Osgood was shown a dis patch from Chicago which hinted that cvcrtures had been made by him for a settlement of the fight, and that it had been agreed that certain men sc- lected by the Gates faction would be placed in office, he said:
 There is not q word of truth in that story. Before the controversy began I decided to place a man in charge Of the traffic affairs of the Colorado Fuel and Iron company. Before I made the appointment the company became in- volved in the existing controversy be- tween the present management and MT. Gates and his associates. The man ! proposed selecting holds a responsible position. and | did not care to appoint him without the endorsement of MT. Gates and his friends for the simple treason that l could not guarantee that the office would be permanent in the cve..t of control passing to other hands. | sought out certain representatives ol 1 the opposing faction and consulted with them as to the aGXi. tbihty O; i pl;icing this man. Whose name 1 do not care to reveal, ati the head Of the tiaf- i lie department. I have not offered the positiCn to any ono, and do not pro- pose to dc SO without the full sanction of the so-called Gates party"
 Mir. Osgc0d added that he was in ! favor of placing G. l.. Refs, superin- | tCndent Of the Milwaukee plant of the | Illinois Steel company, in some respon-
 sible office with the Colorado Fuel anG Iron company. It is generally knowi ! that Mir Refs is John w. Gates choice for president of the company. Mir. Os- good said that he had informed John
 Mitchell and other Gates followers tha
 they mad made a good selection in MT RCis, and that he would endorse any action looking toward appointment O.
 MT. Refs to some office with the Colo. rdIo company. This proposed selec
 tion," said MT. Osgood, has perhap given rise to the report that negotia
 tiols are on for settlement of tho
 fight. and that I had agreed to allow
 MT. Gates and his associates to fl
 certain offices o: the company.
 'I do not know how much stock Mir
 Gates owns. However. l am convince,
 that his personal holdings are Yer.
 small"