The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-11-26
GOULD CONTRADICTS THEM.
REJOINDER TO Circular OF
HARRIM4N AND H4WLEY.
Intimates That a Snap Game Was Played TO
Commit Him--PrOposed Negotiation
With Ossood Over Colorado Fuel and
Iron Controi-A stock Market Fight

With Osgood Over Colorado Fuel and
Iron (ontrol-A stock Market Fight
This further statement by George j.
Gould bearing upon the break that he has
had 18th +. II. Hartman and Edwin Haw-
ley over Colorado fuel and Iron proxies
vas given out az his Office last evening"
have road the very surprising circular OF
the 2ah Inst. addressed bv Messrs. Hawley
and Hartman TO the stockholders OF the
Colorado Fuel and Iron Company. In some
respects II Is direct ni>statcment oil facts
and in OF hers an ingenious pervorsion OF truth
several conferences were held but with no
definite results Al one of these conferences
tvns proposed 20 ascertain whether board
could b. mad" m on an agreement with Mt.
OSgood assigning him two seats. This plan
was proposed TO MIR Oscood after the con-
ferenc. of Nov Is, and was abandoned. "a II
became evident that Mr. O-good could elect
considerably larger representation than that
suggested The matter was thus left wholly
IA an undetermined state when left for the
Sogth on Nov II
No form whatever. either of circular or Of
proxy. was shown to me or received my APP
proval The conference referred to was
merely stage IN negotiation and was not
conclusive on any point whatever. During
nv absence IN the South Learned by " ire tina
circular and form OF proxy. tn one signed
IN my name. and the other including my name,
Jointly with those OF Mcssrs HHwley and
Hartman had been mailed to the stock
holders Immrd lately upon my return |
di,aNowcd this proceeding In a similar COM
tnunicatipn addressed to Me>srs Hawley and
Hartman, a copy of which has already been
mad" publ"
Ia q discussion with Mr. Hawlcy on Friday
lIst when he was asked by whom and under
,,ho-o Instructions the circular and PROXY
ind been prepared. lie made no claim that
lad seen 'orms OF either, but explained that
n truotion- for their preparation had been
given to counsel by a third party after tie
,onfernc. Of Nov q MIR Hawley later
3sruit"Iy discaimod any recollection OF any
such forms having been presented or having
"a the subject OF consideration at tie con-
i,r,nce His circular indicates that he has
rccn prevailed upon TO revise his recollection
rpon this point
The Hawlcy circular states:
That at a subsequent meeting on Friday
l,s'. Nov. ., Mr.. Gould proposed that the
ro>ir- already Obtained should be divided
between himself and the undersigned. The
latter. however. insisted that. under the
circumstances, the proxies should be re-
turned
The quality of this statement will appear
from the facts The facts are that NJ n meet
ing between Messrs Hlwley and Hartman
vas present, on THURSDAY ast-th" day
before the interview mentioned in the cir
cular-Mr. Pierce In an ''iort to avoid the
public discussion which would result from a
return OF the proxies. suggested that the
proxies should be divided or should be voted
~ substitute for candidates selected on
the basis of division He urged this course
both then and at an Interview with Mr..
iawley on the following day. when | ex-
pressed myself rs willing to follow the course
thus suggested for the reason thus urged
The suggestion was not mine my judgment
and desire. expressed and repeated. was that
the proxies should he returned | also re-
guested from Mr. ilawley an opportunity to
zee the proxies received This was declined
never saw the ioint circular or proxy
until my return from the south 1t was then
quite evident t. me that the action in sending
ont the circulars and proE'cs which had been
taken in excess Of any understanding with
me and without authority from m would
II permitted 20 stand, place in the hands of
Messrs. Hawlev and Herman the unre-
strcted use of all proxies received, including
those which micht have been received upon
the fAth OF the association Of my name
the proxies having been worded as TO he
available to them as a majority of the atto--
revs named therein. to the exclusion Of
myself
believed land later DEVELOPMENTS have
confirmed this belief that the action in send
ing out these proxies was taken with this
precipitation ani at this inconcluSive stage
In order to make public commttal which
IL was believed | would not dlssvow and to
secure control n above suggested
It was reported in Wall Street that a
meeting had been held between George j.
could and J. {. tsEoud, chairman Of the
C)lo:a 10 u i and Iron Co panv, and that
as result Mr.. ,'oUlO would Join his in
trr's,s with these Of Mr.. rsEood in the
fight for the cont ol r the f.d company
winch will come to a head 81 the annual
meeting to be held at D. nver On Dec. 10.
MIR. Osgood had no statement 10 make
about that report or about any phase of
tho Colorado furl and Iron situation.
Wall Street took il for granted that a big
stock mark : fight was going on between
these Interests and one of the news agencies
made the statement that there had been
selling Of the Hartman stocks by Gould
brokers his week and that also the Harri-
man brokers had been per- i>tent sellers
of the Gould stocks. Both Hartman and
Could stocks, az any rate. were weak
II was believed In some quarters that the
rupture between Mr.. Gould on one side
and Mr.. Hartman and MIR. Hawley on the
other has been hr"ving for some time
One 81 tn" street reports was that stock
market operations in the so-called Gould
stocks, Which occurred some time ago
and which were accompanied by well cir
culatcd reports that not only were the
Gould interests concerned in them tU;
th7t they had the backing of the Hartman
and Rockefeller interests aS well, had re-
suited In friction between the latter inter.
ests and Mr.. Gould, the Hartman STANDARD
Oil interests moi liking the Use of thcil
names a. backing for speculative tocl
market operations in Gould stocks. An.
other phase Of the matter that was the
subject OF talk following Mr., Gould,
statement given above was that Winslov
s Pierce had been ono Of Mr. Gould's chie
advisers in what h" had done.
The question was raised in Wall Street
yesterday AZ to Nheth,r. the transfer book
SIGtc for the coming annual meeting OF
Dec, 10, tn" stock now being bought In tn,
open market can be- voted AT the annua
meeting The master ia chanCcry undo
whose supervision the meeting will b,
held IL now taking testimony a. to whethe
the stock bon lit since the Clnsing of th,