Omaha daily bee., 1902-11-26
stock Scars in New York.

NEW YORK, Nov. 25.-Ihe STOCK OF the
Colorado Fuel and Iron company. over
the control Of which there is a contest in
progress. made a sensational rise today
on the Stock exchange, advancing points
during a spurt in the market.
The stock was sold at Sc at the close OF
the market yesterday. II opened at ssh
this morning. but later went up to 81 and
then receded. selling at s7h shortly be-
fore O'Clock.
II was reported today that the conflict
ing interests were making every effort to
secure control Of stock 10 vote al the an
nual meeting to be held in Colorado. De-
cember 10. Large amounts Of stock were
borrowed at good rates, with a proxy sc-
companying each certificate, and purchases
OF stock were also said TO have been made
outside the exchange On the same basis.
The transfer books Of the Colorado Fuel
and Iron company are closed and stock
purchased row does not carry voting power
except that a proxy accompanies H.
Edwin Hawley was asked today whether
the hght in Colorado Fuel would extend
to the western railroads and he replied:
There is not any fight that l know Of
Mr.. osgood of the Colorado Fuel and
a call was made there today and IL was
bniA NsA Al O0lA1ANAIN win NCoAGO -
Gould.
Gould Makes Reply.
Mr.. Gould gave out the following state
ment tonight:
The surprising circular addressed by
Hawley and Hartman to the stockholders
in some respects is q direct misstatement
of facts and in others an ingenious per-
Several conferences were held, but with
no definite results. At one of these II was
proposed to ascertain whether board
could be made up on an agreement with
Mr.. Osgood. assigning him two seats This
plan was proposed to Mr.. Osgood, but aba a
doned as il became evident that he could
elect a larger representation
The natter was thls left in wholly un-
determined state when / left for the south
on November IL No form whatever. either
Of circular or Of proxy. was shown TO me
| or received my approval While IN the
| south learned that circular and form OF
proxy the one signed In my name and the
/ other including my name jointly with
Messrs Hawley and Hartman, had been
mailed to the stockholders. ! disavowed
I this circular.
In my discussion with Mr HAwley or
/ Friday last, when he was asked by whom
and under whose instructions the circular
and proxy had peen prepared, he mace nc
claims that / had seen. either. but ex.
planned that instructions for their prepara.
/ tion had been given by a third party.
! Nj HaWley later definitely uisclaimeo
/ any recollection Of any such forms having
] been presented or forming the subject oi
| consideration at the conference
| Suggests Division of Proxies.
| The facts are that a meeting betweer
Messrs. Hawley, Hartman and myself, Al
which WinsloW s Pierce was present. Mr.
! Pierce suggested that the proxies should
/ be divided or Oe voted by a substitute fol
! candidates selected on the basis of divi
/ sion. / expressed myself willing 70 follow
| this course. The suggestion was not mine
| my desire was that the proxies should b'
! returned. ! also requested from Mr.. Haw
! ley an opportunity to see the proxies re
! ceiVed This was declined
] never saw the joint circular or proxl
! until my return from the south Ii wal
| then evident that the action in sending ou
/ the circulars and proxies would place II
! the hands OF Messrs Hawley and Harri
man the unrestricted use Of all proxies re
! Ceived.
I believed that the action IN sending ou
| these proxies was taken in order 70 max,
! q public committal. which IL was believed
1 would not disavow and TO secure control
| as boye suggested.